This article delves into the conversion of Nigerian Naira (NGN) to United States Dollar (USD), providing up-to-date exchange rates and essential information for anyone looking to understand the dynamics of this currency pair.
Current Exchange Rate
As of 14:00 PM UTC, ₦50,000.00 (fifty thousand naira) is currently worth $34.79 (thirty-four US dollars 79 cents). We use mid-market exchange rates to convert NGN to USD. The current exchange rate is 0.0007.
The NGN/USD rate is up +16.11%.
Historical Data and Trends
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On this day last year, ₦50,000.00 would have been exchanged for $29.84, $4.95 lower than today’s rate. The most favorable exchange rate over the past seven days was $34.79.
Read also: Exchange Rate: 300 USD to NGN
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 | 0.00070158 | 0.00070158 | 0.00070158 |
| Low | 0.00068812 | 0.00067767 | 0.00064990 |
| Average | 0.00069363 | 0.00068524 | 0.00066910 |
| Volatility | 0.80% | 0.42% | 0.35% |
In the past 30 days, the NGN to USD exchange rate reached a high of 0.0007017 and a low of 0.0006805, with an average rate of 0.0006871. Over the last 90 days, the NGN to USD exchange rate peaked at 0.0007017 and dipped to a low of 0.0006511, averaging 0.0006710.
Currency Information
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 ₦.
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
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.
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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.
REVEALED: ₦820 Naira to Factors Influencing NGN/USD Exchange Rates Dollar? Exchange Rate Policy Explained!
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