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 currency converter tool allows you to convert hundreds of currency pairs fast. All you need to do is select your currencies, input the amount and click ‘Convert’ and we’ll show you how much your money is worth based on live foreign currency exchange rates. We’ll then use this real exchange rate when you send money abroad using TransferGo.
Looking to transfer United States Dollars to Nigerian Nairas? You can always count on TransferGo!
Why Choose TransferGo?
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- Competitive foreign exchange rates: Find the best rates directly on our app-you don’t have to go looking for them!
- 8 million+ customers and counting: Join a community of millions of happy customers using TransferGo to send money home.
- Safe, secure, seamless: We’re regulated by UK and EU law, with end-to-end encryption to keep your money and data safe.
Don’t just take our word for it…
“TransferGo contacted me directly when there was a problem, and they solved it quickly. I made an international transfer in just a couple of hours.”
“Transfers are fast and there are no charges. Most transfers are free! I will be recommending the platform to all Nigerians.”
“I sent money to my other bank account and received it in seconds. I’ve recommended it to all my friends. Good job!”
Understanding USD to NGN Exchange Rates
Exchange rates change all the time. At TransferGo we always try to offer the best rates, and we let you know when the rates are especially good.
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There are always fluctuations in exchange rates. Whether today is a good day to buy Nigerian Nairas with United States Dollars depends on many factors including economic indicators and market dynamics. When you use TransferGo, you can rest assured that we’ll always try to offer the best USD to NGN exchange rate.
Exchange rates fluctuate as a result of various economic factors. For the most accurate information, it’s best to check a financial news source. Central banks also publish historical data on exchange rates.
Our forex historical data includes open, high, low and close values as well as change in pips and percent.
USD to NGN Exchange-Rate Statistics
Here's a summary of the high, low, average, and volatility of the USD to NGN exchange rate over the last 7, 30, and 90 days:
| Statistic | Last 7 Days | Last 30 Days | Last 90 Days |
|---|---|---|---|
| High | 1,456.6 | 1,475.7 | 1,538.7 |
| Low | 1,425.4 | 1,425.4 | 1,425.4 |
| Average | 1,443.6 | 1,460.2 | 1,496.2 |
| Volatility | 0.79% | 0.43% | 0.35% |
FX insights, advanced indicators, live news feeds & customizable dashboards.
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Currency Information: USD and NGN
About the United States Dollar
The United States Dollar is the official currency of the United States and its territories. It is the most widely used currency in international transactions and is the world’s primary reserve currency. The currency is issued by the Federal Reserve and is symbolised by $. 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 $.
Which countries can I use United States Dollars in? Virgin Islands, Northern Mariana Islands, and American Samoa. It is also used as an official or de facto currency in several other countries and regions, such as Ecuador, El Salvador, East Timor, and Zimbabwe. The USD is widely accepted in international trade and finance, making it one of the most influential currencies globally. Many countries peg their currencies to the Dollar, underscoring its significance in the global economy.
About the Nigerian Naira
The Nigerian Naira is the official currency of Nigeria, introduced in 1973 to replace the pound. It is subdivided into 100 kobo and is regulated by the Central Bank of Nigeria. The symbol for the Naira is ₦. 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 ₦.
Which countries can I use Nigerian Nairas in? The Nigerian Naira is the official currency of Nigeria and is used exclusively within the country’s borders. Introduced in 1973, the Naira plays a critical role in Nigeria’s economy, which is the largest in Africa. The Naira is not widely accepted outside Nigeria, requiring currency exchange for international transactions and travel. The Central Bank of Nigeria regulates and issues the Naira, maintaining its stability and value in the domestic market.
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TransferGo: Your Partner for International Transfers
TransferGo is the easy way to send money around the world in just a few minutes. Founded in 2012, TransferGo serves over 8 million customers in more than 160 countries worldwide. Our aim is to provide more accessible financial services to migrants, making international money transfers cheaper, simpler and faster.
How to send money? Learn how TransferGo simplifies personal money transfers and business payments with fast, secure, and affordable services.
About TransferGo: Everything you need to know about the company that sends your money home.
Resources & Articles: From help with sending and saving money to travel guides, career advice and stories from around the world.
How to Transfer Money with TransferGo
- Choose the amount and currency: Send money to over 160 countries around the world.
- Add the receiver’s details: You can send money using cards, bank accounts and payment links.
- Pay for the transfer: … and your money will be on its way!
We use the mid-market rate for our Converter. This is for informational purposes only. You won’t receive this rate when sending money. Login to view send rates.
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