This article explores the historical exchange rates between the US Dollar (USD) and the Nigerian Naira (NGN). Currency exchange rates are crucial for international trade, finance, and individuals needing to convert currencies. Exchange-rates.org has been a leading provider of currency quotes and precious metal prices for nearly 20 years. Our information is trusted by millions of users across the globe each month . We have been featured in some of the most prestigious financial publications in the world including Business Insider, Investopedia, Washington Post, and CoinDesk. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies and precious metals.
A currency exchange is when you convert a currency to another. A currency converter is a useful tool to quickly convert between different foreign currencies, for example Euros to US Dollars. If you are converting Euros to US Dollars, you would need to know the current exchange rate. Take for example the current value of 1.19 - this would mean that 1 Euro is equal to 1.19 US Dollars. This can be applied for any amount by just multiplying the conversion value. Our forex historical data includes open, high, low and close values as well as change in pips and percent.
Current Exchange Rate
As of 16:00 PM UTC, $50,000.00 (fifty thousand US dollars) is currently worth ₦71,891,500.00 (seventy-one million eight hundred ninety-one thousand five hundred Naira). We use mid-market exchange rates to convert USD to NGN. The current exchange rate is 1437.8300. Compared to the previous closing exchange rate, the Nigerian Naira 🔻decreased by -0.32% (-231500.00) against the US Dollar. Feel free to try converting the currency rate in reverse from Naira to US Dollars.
On this day last year, $50,000.00 would have been exchanged for ₦83,927,436.10, ₦12,035,936.10 higher than today’s rate. The most favorable exchange rate over the past seven days was ₦72,358,000.00. We use the mid-market rate for our Converter. This is for informational purposes only. You won’t receive this rate when sending money.
Floating and Fixed Exchange Rates- Macroeconomics
Historical Data and Trends
This chart shows data from 2024-11-6 to 2025-11-5. The USD/NGN rate was down -6.18% in 2025. The USD/NGN rate is down -13.76%.
Read also: Current USD/NGN Value
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.
NGN to USD Exchange-Rate Statistics
Here's a summary of the NGN to USD exchange rate statistics over the last 7, 30, and 90 days:
| 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% |
Currency Information
Nigerian Naira (NGN)
- 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 ₦.
US Dollar (USD)
- 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 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.
Additional Tools and Resources
- 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 starting at $0.
- FX Insights: Use advanced indicators, live news feeds, & customizable dashboards.
- International Transfers: Send money to 190 countries across 130 currencies. Enjoy flexible ways to send and receive money.
- Rate Alerts: Set free rate alerts for any currency pair. We’ll notify you at your desired rate.
- Historical Currency Rates: Analyze rate trends for any currency over a few days, weeks, months, or years.
Read also: Exchange Rate Analysis
Read also: Historical USD to NGN Data
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