Convert Nigerian Naira to US Dollar
NGN to USD Exchange Rate Calculator
Convert Nigerian Naira (NGN) to US Dollar (USD) at the live mid-market exchange rate, refreshed every hour from Frankfurter (European Central Bank reference data). Enter any amount below for an instant conversion — free, no sign-up required.
NGN/USD Price History
Interactive NGN/USD exchange rate chart with 7-day, 30-day, and 90-day views.
About Nigerian Naira (NGN)
The Nigerian Naira (NGN) is the official currency used for trade and commerce. Its value against other currencies fluctuates based on market conditions.
About US Dollar (USD)
The United States Dollar (USD) is the world's primary reserve currency and the single most traded currency in global foreign exchange markets. Issued by the Federal Reserve System since 1913, it anchors the DXY (U.S. Dollar Index) and sits on one side of roughly 88% of all forex transactions.
- •Involved in ~88% of all daily forex turnover (BIS Triennial Survey)
- •Accounts for roughly 58% of allocated central bank reserves (IMF COFER)
- •Primary invoicing currency for global oil, metals, and most commodities
- •Dollar-denominated debt issued outside the US exceeds $13 trillion
- •The Federal Reserve sets the federal funds rate, which drives USD strength globally
Frequently Asked Questions
Why is NGN more volatile than most G10 currencies?
NGN is an emerging-market currency, which means it is more sensitive to global risk appetite, commodity cycles, and US Dollar strength. Daily ranges of 1–3% are common during risk-off episodes, compared to 0.5–1% for major G10 pairs.
What is a typical daily range for NGN/USD?
Daily ranges vary with volatility regimes. Majors like this pair typically move 0.5–1.2% on quiet days and 2–3% on data-release days. Check the 30-day chart above for a sense of the current range.
What economic events move NGN/USD the most?
The biggest scheduled catalysts are central bank rate decisions and inflation prints and FOMC decisions, non-farm payrolls (first Friday monthly), and US CPI releases. Geopolitical headlines and global risk sentiment also produce meaningful moves, especially when one currency is a safe-haven and the other is risk-sensitive.
Is it cheaper to convert NGN to USD at a bank or online?
Online money-transfer services (Wise, Revolut, Remitly, InstaRem) typically offer rates much closer to the mid-market NGN/USD than traditional banks. Always compare the total delivered amount, not just the advertised "fee" — many providers embed their margin in the exchange rate itself.
Does the NGN/USD rate change on weekends?
The interbank forex market closes from Friday 21:00 UTC until Sunday 21:00 UTC, so mid-market NGN/USD rates don't update during that window. Retail broker spreads often widen at Sunday open as Asian desks reopen, so the first few hours of the new week can carry wider execution costs.
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Exchange rates refresh hourly · Sourced from institutional-grade data providers