The historical comparison tables below summarize the available 24-hour, weekly, monthly and yearly moves for USD/NGN.
The USD/NGN pair shows how many Nigerian Naira one US Dollar buys. The inverse quote shows how many US Dollars one Nigerian Naira buys.
Exchange rates move as central-bank policy, inflation, economic data, trade flows, commodity prices and risk appetite change. Use this page as a market reference before comparing bank, card or broker rates.
The USD/NGN rate is influenced by the relative strength of the US economy and the economy, market or asset represented by Nigerian Naira. The most important drivers are usually interest-rate expectations, inflation, central-bank communication, economic growth, fiscal risk, trade flows and market liquidity.
When US interest rates rise relative to other markets, the Dollar can become more attractive because investors may receive higher returns on dollar assets. When investors become more cautious, the Dollar can also strengthen because it is often treated as a reserve and safe-haven currency.
For practical forecasting, watch Federal Reserve decisions, inflation reports, employment data, GDP releases and risk-sensitive market moves. For commodities and crypto assets, supply, demand, storage, regulation and exchange liquidity can also matter.
| 1 NGN = | Previous | Today | Change | |
| Last 24 hours | $ 0.0007 | ⇨ | $ 0.0007 | +0.00% |
| Last week | $ 0.0007 | ⇨ | $ 0.0007 | +1.37% |
| Last month | $ 0.0007 | ⇨ | $ 0.0007 | +2.39% |
| Last year | $ 0.0006 | ⇨ | $ 0.0007 | +17.59% |
| 1 $ = | Previous | Today | Change | |
| Last 24 hours | 1360 NGN | ⇨ | 1360 NGN | +0.00% |
| Last week | 1378 NGN | ⇨ | 1360 NGN | -1.35% |
| Last month | 1392 NGN | ⇨ | 1360 NGN | -2.33% |
| Last year | 1599 NGN | ⇨ | 1360 NGN | -14.96% |
| Currency name | Nigerian Naira |
| Symbol | NGN |
| Other names / units | ₦1 = 100 kobo |
| Currency code | NGN |
| Banknotes | 5, 10, 20, 50, 100, 200, 500, ₦1000 |
| Coins | 50 kobo, ₦1, ₦2 |
| Central bank / governance | Central Bank of Nigeria |
| Website | www.cenbank.org |
| Countries / markets | 1 country: Nigeria |
| Population / scope | 196 million |
An exchange rate is the relationship between two currencies and defines the purchasing power of one currency in terms of another. The rate can be quoted directly or inversely depending on which currency is used as the base.
On FXRate.io, the US Dollar is the base currency for the international site. That keeps the homepage, converter and currency pages consistent: every page starts from USD and then shows the inverse value as a secondary reference.