The Wise USD to NGN rate is 1591.94. This is - below the mid-rate. Compare Wise currency conversion rates - Reduce FX costs.
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The Wise USD to NGN exchange rate is 1591.94. This is - compared to the latest USD-NGN mid-market rate 1,602.4.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Nigerian naira (NGN) rates from different sources before making a conversion.
The Wise Dollar to Naira comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Wise and other foreign exchange providers against the latest USD-NGN mid-rate (see Market Data below ) and the possible savings of using various providers.
Wise (formerly TransferWise) always aim to convert money at the real mid-market exchange rate. There’s just a small, fair service fee, and it’s all shown up-front, this fee normally works out to be less than 1% of the amount being exchanged.
Exchange guaranteed within 2 business days - Pay via Bank Transfer or VISA/Mastercard debit cards.
Setup Direct Debits to Pay Bills abroad from AUD, CAD, EUR, GBP and USD accounts.
With a Wise Account you receive a unique set of account details with which you can get paid like a local. Together with an account number, you’ll receive a SWIFT, BSB, routing and/or sort code and anything else needed to receive funds in those currencies.
Domestic & International - Share these for someone to pay you in the same currency by local bank transfer.
International Only - Share these for someone to pay you any currency Wise supports by SWIFT transfer.
The Wise debit card are free to set up and use. And there's never any monthly fee and minimum balance to worry about.
You get two free ATM withdrawals worldwide up to a max amount every 30 days, then a charge on additional withdrawals.
Auto-convert any currency - Spend in any currency and the Wise smart tech will auto-convert it with the lowest possible fee.
Unlike practically all other Travel cards you can pay foreign currency into this card via your own personal foreign bank accounts.
Savings on Wise money transfers are substantial relative to banks and traditional money changers, although the amounts saved will of course depend on how much is being transferred.
Wise advertises that its transfers are “up to 8 times cheaper” than those performed by banks, but what does that mean in real currency terms? How many dollars, pounds, francs or pesos are we talking about? Let’s take a look.
When compared with other FX specialists, Wise consistently ranks near the very top for savings on international payments, across a range of currencies and amounts.
Although Wise won’t be the absolute cheapest on every currency route, it will at least show you exactly how much you are being charged in currency terms before you make your decision, which is more than can be said for banks or traditional money changers, who hide all sorts of charges within the exchange rates offered.
The Wise card let's you spend anywhere, with low conversion fees. Buy things online in any currency, or pay for things on holiday. If you don’t have the currency you need in your Wise Account, they’ll auto-convert it with the lowest possible fee.
US dollar (USD) to Nigerian naira (NGN) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/NGN | Change | Period |
|---|---|---|---|
02 May 2025 | 1603.71 | 0.1% ▼ | 2 Week |
15 Feb 2025 | 1510.60 | 6.1% ▲ | 3 Month |
16 May 2024 | 1513.98 | 5.8% ▲ | 1 Year |
17 May 2020 | 387.01 | 314% ▲ | 5 Year |
19 May 2015 | 199.05 | 705% ▲ | 10 Year |
21 May 2005 | 133.12 | 1103.7% ▲ | 20 Year |
Here are some popular conversion amounts for USD to NGN (US dollar to Nigerian naira)*.
*Converted at the current USDNGN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts for the USD to NGN exchange rate indicate a complex interplay of factors affecting both currencies. The US dollar (USD) is currently under pressure following weak inflation data and comments from President Donald Trump, who has been vocal about lowering interest rates to strengthen the domestic economy. The prospects for the USD could further decline with anticipated retail sales figures indicating reduced consumer spending amid ongoing tariff uncertainties.
Read our full review of recent USD to NGN forecasts.
There are several ways to save on exchange rates when converting US dollar to Nigerian naira:
Generally speaking, if you are buying Nigerian naira with US dollar, then it's better for the USD/NGN exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to Nigeria — a practical currency and money guide to travel in Nigeria plus living and doing business with the Nigerian naira.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/NGN to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United States (USD) | Nigeria (NGN) |
There is no definitive answer to this question since it can vary greatly depending on the individual's lifestyle and location within Nigeria. However, according to Numbeo's Cost of Living Index for 2018, Lagos, Nigeria's largest city, ranks as the 95th most expensive city in the world out of a total of 679 cities.
The expat life in Nigeria is generally good. There are many things to do and see, and the people are generally friendly and welcoming. However, there are some challenges, such as the high crime rate and the lack of infrastructure.
The main law that foreigners should be aware of in Nigeria is the National Immigration Act. This act regulates the entry and exit of foreigners into the country. It also sets out the requirements for obtaining a visa and other permissions to stay in Nigeria.
The business climate in Nigeria is challenging. Corruption is rampant, and the rule of law is weak. Infrastructure is poor, and power shortages are common. Despite these challenges, Nigeria is Africa's largest economy, and many businesses are doing well.
The economy in Nigeria is in a recession.
Read more at our Nigeria (NGN) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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