This page provides the current exchange rate for converting Nigerian Naira (NGN) to United States Dollar (USD). Below, you can find the latest exchange rate between these two currencies, updated every minute to give you the most accurate information.
As of 18:00 PM UTC, ₦8,000.00 (eight thousand naira) is currently worth $5.57 (five US dollars 57 cents). This conversion is based on the mid-market exchange rates, with the current exchange rate being 0.0007.
You can also perform a reverse conversion from US Dollars to Naira to see how much your dollars are worth in Nigerian currency.
Source: XE.com
Historical Exchange Rate
On this day last year, ₦8,000.00 would have been exchanged for $4.74, which is $0.83 lower than today’s rate. The most favorable exchange rate over the past seven days was $5.57.
Read also: Current USD/NGN Value
A year ago, the currency rate for Nigerian Naira to US Dollar was $0.000593. Since then, the exchange rate has increased by 0.000104 USD (17.51%).
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:
| Statistic | Last 7 Days | Last 30 Days | Last 90 Days |
|---|---|---|---|
| High | 0.00069633 | 0.00070158 | 0.00070158 |
| Low | 0.00069318 | 0.00067767 | 0.00064990 |
| Average | 0.00069456 | 0.00068681 | 0.00067053 |
| Volatility | 0.12% | 0.42% | 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.
Read also: Exchange Rate Analysis
How to exchange US Dollars to EUROS (or any foreign currency) on vacation
Additional Tools and Insights
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Check the latest currency exchange rates for the Nigerian Naira, US Dollar and all major world currencies.
Source: exchange-rates.org
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Read also: Exchange Rate: 300 USD to NGN
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