Understanding the historical exchange rate between the US Dollar (USD) and the Nigerian Naira (NGN) is crucial for anyone involved in international transactions, remittances, or financial planning between the United States and Nigeria.
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Here’s an overview of the factors influencing these rates and how to stay informed.
Current Exchange Rate
As of 09:00 AM UTC, $250.00 (two hundred fifty US dollars) is currently worth ₦360,342.50 (three hundred sixty thousand three hundred forty-two naira 50 kobos). This conversion is based on the mid-market exchange rates.
It’s important to note that you won’t receive this exact rate when sending money, as the mid-market rate is primarily used for informational purposes. The current exchange rate is 1441.3700.
Read also: Current USD/NGN Value
Compared to the previous closing exchange rate, the Nigerian Naira 🔻decreased by -0.08% (-272.50) against the US Dollar.
You can also perform the conversion in reverse, from Naira to US Dollars, to see the equivalent amount.
To exchange one currency for another, simply input your amount into our user-friendly currency converter. It does the math using the latest exchange rates. For example, if 1 US dollar could be exchanged for 2 euros, that's the rate it'll use to convert your dollars to euros and vise versa.
Historical Exchange Rate Analysis
Analyzing historical data provides valuable insights into currency trends.
On this day last year, $250.00 would have been exchanged for ₦419,637.18, which is ₦59,294.68 higher than today’s rate. The most favorable exchange rate over the past seven days was ₦361,790.00.
Read also: Exchange Rate Analysis
Recent Trends
This chart shows data from 2024-11-6 to 2025-11-5. The USD/NGN rate is down -13.76%. In the past 30 days, the USD to NGN exchange rate reached a high of 1,469.51 and a low of 1,425.19, with an average rate of 1,456.63. Over the last 90 days, the USD to NGN exchange rate peaked at 1,535.79 and dipped to a low of 1,425.19, averaging 1,492.46.
Here’s a summary of the exchange rate statistics over the last few months:
| 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% |
With our convenient tool, you can not only quickly check today’s latest exchange rate for 250 US dollar to Nigerian naira, but also easily view detailed historical trends along with AI analysis and forecasts.
After you select USD and NGN in the exchange box and enter an amount, the US dollar to Nigerian naira exchange rate will automatically appear for your reference.
Factors Influencing Exchange Rates
Currency exchange rates fluctuate mainly due to a combination of factors:
Read also: Historical USD to NGN Data
- Global economic activity
- Market sentiment
- Interest rate changes
- Inflation
- Trade imbalances
- Central bank monetary policies
For example, when a country has a strong economy and rising interest rates, it may attract more foreign capital, pushing up the value of its currency. Conversely, political instability or economic slowdown may lead to currency depreciation. Changes in market expectations and speculative activities can also intensify short-term exchange rate fluctuations.
By keeping track of both real-time and past exchange rate information, you can plan the timing of your international payments, lock in favorable conversion opportunities, and secure the best 250 US dollar to Nigerian naira rate. This helps you reduce cross-border remittance costs, optimize cash flow and usage efficiency, and make every international transaction more secure, transparent, and efficient.
AI Prediction and Analysis
The AI’s prediction of the US dollar to Nigerian naira exchange rate is not 100% accurate, but it is based on multiple dimensions of analysis, including historical data, real-time market trends, economic indicators, and geopolitical factors, making it more comprehensive than relying solely on human judgment. Our AI model can process massive amounts of data quickly and continuously update USD to NGN predictions, providing you with real-time trend references.
However, since the foreign exchange market can be affected by unexpected events and policy changes, it is recommended to use AI predictions as a supplementary reference in combination with your financial planning and real-time market information to improve the scientific basis and success rate of your exchange decisions.
Using Online Currency Converters
Users simply enter the amount (e.g., 250) into the online currency converter, then select the source currency (USD) and target currency (NGN) from the dropdown menus. No need to click anything else - the system will automatically calculate and display the real-time exchange rate result for 250US dollar to Nigerian naira. It also provides AI-based analysis, historical rate trends, and exchange rate comparisons from different data sources to help users better understand the conversion and make informed decisions.
We use the mid-market rate for our Converter. This is for informational purposes only. You won’t receive this rate when sending money.
Why Different Currencies Have Different Values?
Sending Money to Nigeria
You can send money to Nigeria in several convenient ways:
- Online
- Via a mobile app
- In person at an agent location
Western Union, for example, offers multiple options for sending money. Their encryption and fraud prevention efforts help protect your money transfers.
Convert USD to NGN now for today’s Western Union exchange rate. Enter the amount, choose your currencies, and see the latest rates.
Note: Exchange Rates and Fees shown are estimates, vary by a number of factors including payment and payout methods, and are subject to change. To check current rates and other options, simply click “Send money”.
You can make convenient cross-border payments via international wire transfer. Currently, you can also make cross-border payments through XTransfer, where we offer more convenient and secure international cross-border payment services, especially when transferring funds to companies in China.
XTransfer is absolutely secure. Your funds are protected by our top-level security measures to ensure every transaction is safeguarded.
Additional Resources
- Rate Alerts: Set free rate alerts for any currency pair to be notified at your desired rate.
- Historical Currency Rates: Analyze rate trends for any currency over a few days, weeks, months, or years.
- Xe App: Manage your currencies on the go with the Xe app. It has everything you need for international money transfers - easy, secure, and low fees.
Currency Information
US Dollar (USD)
The US Dollar is the official currency of the United States of America. The currency code for US Dollars is USD. The currency symbol is $. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate.
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.
Nigerian Naira (NGN)
The Nigerian Naira is the official currency of Nigeria. The currency code for Nigerian Nairas is NGN. The currency symbol is ₦. Our currency rankings show that the most popular Nigerian Naira exchange rate is the NGN to USD rate.
Tips for Sending Money
- Compare Exchange Rates: Check different services to find the best rates and fees.
- Consider Transfer Methods: Choose the most convenient method for both you and the recipient.
- Stay Informed: Keep an eye on exchange rate trends to make informed decisions.
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