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NGN to USD Transfers Compared

NGN-USD Rate Calculator

 
 
   
   
   
   
   
 

Compare Exchange Rates & Fees - Save Time & Money

 

Sending money to the United States can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to the United States bank accounts or pay a US dollar invoice.

 
   

NGN to USD Market Data

Nigerian naira (NGN) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell NGN   →   Buy USD
1 NGN = 0.000730 USD
1d+0.1%▲
Tracker
  1 USD = 1,370.4 NGN

90-day market context

NGN to USD is at 7-day highs near 0.000730, near its 3-month average, having traded in a quite stable 4.2% range from 0.000715 to 0.000745
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Currency Forecasts related to NGN/USD

USD to NGN Exchange Rate Forecast & Outlook

USD/NGN is holding near its 3-month average at 1372, supported by stable Nigerian macro fundamentals and recent FX injections. The pair's recent trading within the 1342 to 1398 range indicates sideways positive momentum.

Read forecast

EUR to USD Exchange Rate Forecast & Outlook

Currently, EUR/USD is trading near its 3-month average with a very stable range, supported by risk-off sentiment from US geopolitical tensions. Over the next few sessions, the pair may remain supported within...

Read forecast

USD to GBP Exchange Rate Forecast & Outlook

Currently, USD/GBP is trading near 0.743, just below its 3-month average, within a very stable range from 0.7335 to 0.7585. Risk sentiment remains weighed by safe-haven flows, supporting the US Dollar.

Read forecast

USD/NGN remains near 1372, with a range of 1372-1398. Stable fundamentals and global risk sentiment support sideways movement. Minor fluctuations possible but no major shifts expected soon.

 

NGN to USD Conversion: What Is Your Money Worth?

To help you understand the real-world value of the current exchange rate, the table below shows how much Nigerian naira are worth in US dollar across a range of amounts.

This gives a quick view of what you’d get when converting different NGN amounts at today’s rate * :

NGN USD
₦ 1 $ 0.0007
₦ 5 $ 0.0037
₦ 10 $ 0.0073
₦ 20 $ 0.0146
₦ 50 $ 0.0365
₦ 100 $ 0.0730
₦ 250 $ 0.1825
₦ 500 $ 0.3650
₦ 1,000 $ 0.7300
₦ 2,000 $ 1.4600
₦ 5,000 $ 3.6500
₦ 10,000 $ 7.3000
₦ 20,000 $ 14.60
₦ 50,000 $ 36.50
₦ 100,000 $ 73.00
NGN USD

More amounts

*Converted at the current NGN-USD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

What is the best Send Money conversion rate for NGN to USD?

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Nigerian naira (NGN) to US dollar (USD) rates from different sources before making a conversion.

The above Naira to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest NGN-USD mid-rate and the possible savings of using various providers. 

How do NGN-USD rates compare between providers?

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

 

View a full list of exchange rates by selecting your Base (from) currency: