This page contains detailed daily historical exchange rates between USD and NGN from 2025-3-8 to 2025-11-04, making it easy to look up and reference.
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Current Exchange Rate
As of 09:00 AM UTC, $200.00 (two hundred US dollars) is currently worth ₦288,274.00 (two hundred eighty-eight thousand two hundred seventy-four naira). The current exchange rate is 1441.3700, based on mid-market rates for converting USD to NGN.
Compared to the previous closing exchange rate, the Nigerian Naira 🔻decreased by -0.08% (-218.00) against the US Dollar.
Feel free to try converting the currency rate in reverse from Naira to US Dollars.
Historical Exchange Rate Trends
This section organizes the historical exchange rate data of 1 USD to NGN, including daily data over the past 1 day, 15 days, 30 days, and 90 days. It also marks the highest, lowest, and average rates during each period, helping you easily understand how the exchange rate has changed over time, which is useful for currency exchange, transfers, or investment decisions.
Read also: Current USD/NGN Value
Data Statistics
Here’s a summary of the exchange rate data:
| Period | High | Low | Average |
|---|---|---|---|
| Past 1 day | 1450.73 | 1450.73 | 1450.73 |
| Past 15 days | 1490.49 | 1443.77 | 1474.15 |
| Past 30 days | 1496.98 | 1443.77 | 1479.66 |
| Past 90 days | 1550.7 | 1443.77 | 1504.16 |
Below are the daily average exchange rates of USD to NGN for the past 7 days, helping you track the trend during this period. We also provide exchange rate changes of NGN to USD, helping you understand fluctuations from different perspectives and better plan your currency exchange, transfers, or fund management.
The most favorable exchange rate over the past seven days was ₦289,432.00.
Past 7 Days Historical Exchange Rates
- USD to NGN:
- 2025-11-05
- 2025-11-04
- 2025-11-03
- 2025-11-02
- 2025-11-01
- 2025-10-31
- 2025-10-30
- NGN to USD:
- 2025-11-05
- 2025-11-04
- 2025-11-03
- 2025-11-02
- 2025-11-01
- 2025-10-31
- 2025-10-30
Understanding the US Dollar (USD)
The US dollar officially became the official currency of the United States in 1792, initially adopting the gold and silver standard. After World War II, the US dollar became the world's main reserve currency in the Bretton Woods system.
In 1971, the United States abolished the peg of the US dollar to gold and switched to a floating exchange rate. Today, the US dollar is still the dominant currency in global trade, investment and financial markets, enjoying a high degree of international credit and widespread use.
Read also: Exchange Rate Analysis
- Main unit: 1 US dollar
- ISO code: USD
- Currency symbol: $ or US$
- Exchange Rate System: Floating exchange rate system
- Central Bank: Federal Reserve System
- Safe-haven currency: The US dollar is usually regarded as a safe-haven currency.
- Countries of Use: The United States (including some overseas territories) and certain countries and regions that use the US dollar as their official or circulating currency.
- Cross-border payment: The dollar cross-border payment network covers approximately 200 countries and regions worldwide.
Understanding the Nigerian Naira (NGN)
The naira was introduced in 1973 as a replacement for the Nigerian pound. The NGN plays a central role in Africa's largest economy, supporting a diversified economy, particularly the oil and agriculture industries.
- Main unit: Naira
- ISO code: NGN
- Currency symbol: ₦
- Exchange Rate System: Regulated floating exchange rate system
- Central Bank: Central Bank of Nigeria
- Safe-haven currency: No, there are significant fluctuations in exchange rates and strong capital controls.
- Countries of Use: Nigeria is the only country where it is used officially.
- Cross-border payment: Naira is not freely convertible in the international market and is primarily settled through the SWIFT network and banking intermediaries. Cross-border payments often use the US dollar or euro as intermediary currencies, which limits efficiency.
Major Currency Pairs of USD
The USD is known for its stability, liquidity, and widespread use in global transactions. 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.
Key Information About Nigeria Exchange Rate against USD
Nigeria Exchange Rate against USD averaged 460.702 (USD/NGN) in May 2023, compared with 460.418 USD/NGN in the previous month. Nigeria Exchange Rate against USD data is updated monthly, available from Jan 1957 to May 2023.
The data reached an all-time high of 460.702 in May 2023 and a record low of 0.530 in Nov 1980.
In the latest reports, Nigeria Short Term Interest Rate: Month End: NIBOR: 3 Months was reported at 12.570 % pa in May 2023. The cash rate (Policy Rate: Month End) was set at 18.500 % pa in May 2023.
Read also: Historical USD to NGN Data
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