Live USD to NGN Exchange Rates
Looking for the best USD to NGN rate?
What are USD and NGN currencies?
USD - US Dollar
The US Dollar (USD) is the currency of the United States of America. The U.S. dollar became the official reserve currency of the world in 1944. The currency code for U.S Dollar is USD, and the currency symbol is $.
NGN - Nigerian naira
The Nigerian naira is the currency of Nigeria. The naira was introduced on 1 January 1973, replacing the Nigerian pound. The currency code for Naira is NGN, and the currency symbol is ₦.
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Understanding the real exchange rate
Reak Exchange Rate?
Banks and other providers often set their own, unfriendly exchange rates. That means that you pay more than you need to.
If you want to know the USD-NGN rate today, compare the real, mid-market exchange rate with what you find on Google or Reuters to understand how much you are actually paying for your transfer.
When a money transfer provider says they offer fee free transfers or 0% commission, you should probably look at the exchange rate they offer.
Usually, they add a mark-up to the rate, which makes your international money transfer expensive.
How much does it really cost?
How much a transfer really costs is made up of two things - the fees, and the exchange rate. So make sure you check both.
To see whether you're getting a good deal, look at how much of your money arrives on the other side.
US Dollar to Nigeria Naira (USD/NGN) Exchange Rate Table
Save Money on Your Transfer
Banks often add hidden costs to your international money transfer, despite offering a free or low cost transfer option. This is most often done by using less favourable exchange rates than the current mid-market rates. For this reason, it's important that you check the options available to you, so you can avoid overpaying.
Check out our real time comparison tool that will help you find the quickest and cheapest way to transfer your money across borders.
USD to NGN exchange rate FAQ
How to calculate USD to NGN exchange rate?
The easiest way to check the USD to NGN exchange rate is to use a reputable online currency converter or to check on Google. Simply enter the amount in USD you want to convert, to see the current mid-market exchange rate, and how much you'd finish up with in NGN if you exchange today.
Don't forget to check the rates which are offered by your chosen provider against the mid-market exchange rate shown in our currency table, to make sure you're getting a good deal.
When is the best time to exchange USD to NGN?
Each bank and currency exchange service sets its own USD to NGN exchange rate. That means you'll see lots of different rates out there when you start to research the best USD to NGN exchange rate.
To understand the rates available, it's helpful to know the mid-market exchange rate for your currency pair. You can find this from our currency table, or using an online currency converter. The mid-market exchange rate matters because it's the rate banks and currency exchange services get when they buy and sell currency on the global markets. By using the mid-market exchange rate as a benchmark, you can see if the provider has added a markup to the rate they pass on to customers.
Choose a provider which uses the mid-market USD to NGN exchange rate and charges a low, transparent conversion fee, to make sure you're getting the best overall price for your currency conversion.
Best rated providers to send money to Nigeria
Are you unsure of making a international money transfer with WorldRemit? We have all your answers in the one easy to read article.
Remitly is an international money transfer company founded in Seattle, United States. They transfer money from family and friends in one country and help send it cheaply to family and friends in another country.
If you're planning to send a lot of small amounts of money home to South America, Asia or Africa, then Remitly is a great option.