This article provides a detailed overview of the conversion between Nigerian Naira (NGN) and United States Dollar (USD). Here you can find the latest exchange rate and historical trends, which are updated frequently to provide you with the most accurate information.
As of 17:00 PM UTC, ₦120,000.00 (one hundred twenty thousand naira) is currently worth $83.44 (eighty-three US dollars 44 cents). We use mid-market exchange rates to convert NGN to USD, with the current exchange rate being 0.0007.
Feel free to try converting the currency rate in reverse from US Dollars to Naira.
Currency Exchange Rates - How To Convert Currency
Current Exchange Rate and How It's Calculated
To show you the most accurate result, we use the international exchange rate. We use the mid-market rate for our Converter. This is for informational purposes only. You won’t receive this rate when sending money.
Check the latest currency exchange rates for the Nigerian Naira, US Dollar and all major world currencies.
Read also: Current USD/NGN Value
The U.S. dollar's share of global currency reserves from 1999 to 2022.
Image source: statista.com
Historical Data and Trends
Perhaps you may be interested in NGN USD Historical Chart, and NGN USD Historical Data of exchange rate. This chart shows data from 2024-11-6 to 2025-11-5. The NGN/USD rate is up +15.96%.
Did you know? A year ago, on that day, the currency rate Nigerian Naira to US Dollar was: $0.000596. Since then, the exchange rate has increased by 0.00010 USD (16.71%).
On this day last year, ₦120,000.00 would have been exchanged for $71.49, $11.95 lower than today’s rate. The most favorable exchange rate over the past seven days was $83.44.
NGN to USD Exchange-Rate Statistics
Here's a summary of the high, low, average, and volatility of the NGN to USD exchange rate over the last 7, 30, and 90 days:
Read also: Exchange Rate Analysis
| Statistic | Last 7 Days | Last 30 Days | Last 90 Days |
|---|---|---|---|
| High | 0.00070158 | 0.00070158 | 0.00070158 |
| Low | 0.00068654 | 0.00067767 | 0.00064990 |
| Average | 0.00069275 | 0.00068488 | 0.00066866 |
| Volatility | 0.79% | 0.43% | 0.35% |
In the past 30 days, the NGN to USD exchange rate reached a high of 0.0007017 and a low of 0.0006805, with an average rate of 0.0006866. Over the last 90 days, the NGN to USD exchange rate peaked at 0.0007017 and dipped to a low of 0.0006511, averaging 0.0006704.
Understanding the Currencies: NGN and USD
Our currency rankings show that the most popular Nigerian Naira exchange rate is the NGN to USD rate. The currency code for Nigerian Nairas is NGN. The currency symbol is ₦.
Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. The currency code for US Dollars is USD. The currency symbol is $.
The Role of the US Dollar
The United States dollar, symbolized by $, is the official currency of the United States and the world’s primary reserve currency. As the most traded currency globally, it plays a central role in international trade and finance, serving as a preferred medium for global reserves held by governments and institutions.
This status as a reserve currency means that many countries hold USD as part of their foreign exchange reserves, which enhances its stability and liquidity. The USD is known for its stability, liquidity, and widespread use in global transactions.
Read also: Exchange Rate: 300 USD to NGN
Tools and Resources
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- Historical currency rates: Analyze rate trends for any currency over a few days, weeks, months, or years.
Good Time The table provides factual data and analysis of currency fluctuations.
Amount in words: one hundred twenty thousand (Nigerian Naira).
How much is ₦120,000 Nigerian Naira to US Dollar? - $83.437 USD. Look at the reverse course USD to NGN.
Disclaimer: This is for informational purposes only. You won’t receive this rate when sending money. Login to view send rates NGN to USD chart.
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