NGN to USD – Nigerian Naira to US Dollar

About the Nigerian Naira and US Dollar

To convert NGN to USD, multiply the amount by the current NGN/USD rate shown above. To convert back, divide by the same rate — or use the USD to NGN converter.

How the currency converter works

Choose the currency you have and the currency you want, then enter an amount. The converter uses the latest mid-market exchange rate — the midpoint between the buy and sell prices on global currency markets — refreshed several times a day. Results update instantly as you type, and the tables below show common amounts in both directions.

Why your bank gives you a different rate

The mid-market rate is the fairest benchmark, but it is rarely what you get. Banks, card issuers, airport kiosks and many money-transfer apps add a markup of 1–5% to the rate, and may charge a fixed fee on top. To compare offers, convert your amount here first, then compare it with the amount the provider says will arrive. The difference is the real cost of the transfer.

• Card payments abroad: always choose to pay in the local currency. "Dynamic currency conversion" at the till usually uses a poor rate.
• Sending money home: compare total received, not the advertised fee. A "zero fee" transfer can hide a wide rate markup.
• Large amounts: rates move every second on weekdays; a 1% move on a large transfer can matter, so some people split transfers over several days.

What moves exchange rates?

Currencies move with interest-rate decisions by central banks, inflation, trade balances, economic growth, oil prices and investor risk appetite. Higher interest rates tend to attract capital and strengthen a currency, while high inflation tends to weaken it over time. Plan how inflation affects your savings with our inflation calculator.