Is the USD to NGN Exchange Rate Likely to Improve?
 Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the US dollar against the Nigerian naira is to review how the USD/NGN rate has changed over time.
The table below shows the percentage change in the USD to NGN exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
| Date | USD/NGN | Change | Period | 
|---|
20 Oct 2025  | 1467.14  | 0.9% ▼ | 2 Week | 
05 Aug 2025  | 1528.60  | 4.9% ▼ | 3 Month | 
03 Nov 2024  | 1643.73  | 11.6% ▼ | 1 Year | 
04 Nov 2020  | 384.23  | 278.3% ▲ | 5 Year | 
06 Nov 2015  | 199.15  | 629.9% ▲ | 10 Year | 
08 Nov 2005  | 129.51  | 1022.3% ▲ | 20 Year | 
USD/NGN historic rates & change to 03-Nov-2025
                      
                 
            
            USD to NGN update: As of Nov 4, the rate is at 1442 NGN, a 90-day low, as pressures mount from U.S. manufacturing and naira depreciation. Analysts caution on potential USD dips due to Fed comments and ongoing global dedollarization. Stay alert for vital economic signals!
 
                
                    USD to NGN 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 US dollar are worth in Nigerian naira across a range of amounts.
                    This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
                    
                    *Converted at the current USD-NGN interbank exchange rate.
                        Calculate actual payout amounts for
                        Send Money
                        and
                        Travel Money
                        exchange rates.
                    
                     
                  
        
            What is the
                best Send Money                conversion rate for USD to NGN?
            The best USD to NGN exchange rate is 1432.88 from Wise. This is -0.65% compared to the mid-market rate 1,442.3.
            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 above 
                    Dollar to Naira 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 USD-NGN mid-rate  and the possible savings of using various providers. 
            
            
            
            
                How do  USD-NGN rates compare between providers?
            Looking at the full 
                        USD to NGN - Send Money comparison table the provider with the best USD to NGN exchange rate is Wise at 1432.88, -0.65% from the latest mid-market rate 1,442.3.
The next best is Western Union at 1419.17, -1.6% from the mid-rate.
Among the banks the Chase Bank rate is -78.3357 at -105.4% the Wells Fargo Bank rate is -86.9892 at -106% and the Citibank rate is -20.6457 at -101.4% compared to the mid-rate 1,442.3.
                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.
                
                              Compare USD to NGN Transfer Rates