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USD/NGN - Live Chart & Exchange Rate

1 USD = 1,328.36 NGN

Indicative rate, updated 22 hours ago. Not a live dealing rate - confirm with your broker before trading.

USD/NGN Sentiment Gauge

A live technical-analysis reading for USD/NGN, from Strong Sell to Strong Buy, updated automatically by TradingView. Forex has no reliable, freely-published Fear & Greed Index the way stocks or crypto do, so this momentum-based gauge is shown instead.

USD/NGN tracks the US Dollar against the Nigerian Naira, driven mainly by oil prices and output. As a fellow African currency, its moves are a useful comparison point for how the Tanzanian Shilling is performing against similar economies.

Rates shown here are indicative only, sourced periodically rather than streamed live. Confirm the exact rate with your bank or broker before converting funds or opening a trade.

USD/NGN Key Statistics

Latest

1,328.36

1 Oct 2026

Highest since Mar 2024

1,690.80

27 Nov 2024

Lowest since Mar 2024

1,139.14

17 Apr 2024

12-month average

1,388.40

1,320.97 – 1,484.76

30 days: -1.38% 90 days: -3.73% 1 year: -10.53%

Over the past year USD/NGN has fallen 10.53%, meaning the USD has weakened against the NGN. In the last 30 days it has moved down 1.38%. Across the last 12 months it traded between 1,320.97 and 1,484.76. Its highest level in the data window (since March 2024) was 1,690.80 on 27 Nov 2024, and its lowest was 1,139.14 on 17 Apr 2024.

Based on weekly data from 6 Mar 2024 to 1 Oct 2026. Source: weekly rate snapshots (currency-api). A rising rate means the USD is strengthening against the NGN. Past performance does not predict future results.

What Moves USD/NGN

A pair's price is one currency's value measured against another, so the economy behind each side matters.

US Dollar (USD)

United States · Federal Reserve (Fed) · Free float

The US Dollar is the world's dominant reserve and trading currency. It sits on one side of roughly nine in ten forex trades, and most commodities, including gold and oil, are priced in it.

Major contributors to the economy

  • Services and finance
  • Technology
  • Advanced manufacturing
  • Energy (a leading oil and gas producer)
  • Healthcare and pharmaceuticals
  • Agriculture and defence exports

Key factors

  • Federal Reserve interest-rate policy. Rate decisions, projections and speeches by Fed officials set expectations for US interest rates, the single biggest driver of Dollar value.
  • US inflation and jobs data. CPI/PCE inflation and the monthly Non-Farm Payrolls report shift rate expectations and move the Dollar within minutes.
  • Treasury yields. Higher US bond yields relative to other countries attract capital and lift the Dollar.
  • Safe-haven demand. In global stress the Dollar usually rallies as investors seek safety and liquidity.
  • US fiscal and political developments. Government debt levels, budget standoffs, tariffs and trade policy affect confidence in US assets.

Nigerian Naira (NGN)

Nigeria · Central Bank of Nigeria (CBN) · Managed float (unified in 2023)

The Naira is the currency of Africa's most populous country and a major oil producer. Oil exports provide most of Nigeria's foreign currency.

Major contributors to the economy

  • Oil and gas
  • Agriculture
  • Trade and services
  • Telecoms and fintech
  • Remittances

Key factors

  • Oil prices and output. Oil earnings are Nigeria's main source of Dollars.
  • CBN foreign-exchange policy. Changes to how the Naira is managed have caused large moves.
  • Inflation. High inflation erodes the Naira's value.

How USD and NGN Interact

The US Dollar is a traditional safe haven. In periods of market stress, investors tend to move money into it, which often pushes it higher against the Nigerian Naira even when local economic data is unchanged.

The Nigerian Naira is an emerging or frontier-market currency. Compared with a major reserve currency, its market is thinner, so shifts in global risk appetite, Dollar liquidity and capital flows can move it faster and further than fundamentals alone would suggest.

Central-bank policy matters on both sides: the Federal Reserve (Fed) and the Central Bank of Nigeria (CBN). When one of them is expected to keep interest rates higher than the other, that currency usually attracts capital and strengthens; a narrowing gap tends to reverse the move.

Markets to Watch

  • US 10-year Treasury yield USD

    Typically rises with the Dollar

  • Gold USD

    Usually moves inversely to the Dollar

  • S&P 500 / risk sentiment USD

    Risk-off episodes tend to boost the Dollar

  • Brent crude oil NGN

    Higher oil prices support Nigeria's FX reserves

Events & Data to Follow

  • USD FOMC meetings (8 per year)
  • USD Non-Farm Payrolls (first Friday of the month)
  • USD CPI and PCE inflation
  • USD Fed chair speeches and meeting minutes
  • NGN CBN Monetary Policy Committee meetings
  • NGN Nigerian inflation data
  • NGN OPEC+ meetings

Historical Milestones

  1. 2008 USD

    The global financial crisis triggered a surge in safe-haven Dollar demand.

  2. 2014-15 USD

    The Fed signalled tighter policy while other central banks eased, driving a powerful Dollar rally.

  3. 2016 NGN

    Nigeria loosened its Dollar peg after an oil price slump.

  4. 2020 USD

    In March 2020 a global "dash for Dollars" sent the currency sharply higher before the Fed flooded markets with liquidity.

  5. 2022 USD

    The fastest Fed hiking cycle in decades pushed the Dollar to a roughly 20-year high, including parity with the Euro.

  6. 2023-24 NGN

    Exchange-rate unification led to a series of large Naira devaluations.

Why USD/NGN Matters to Tanzanian Traders

As a fellow African currency, USD/NGN is a useful yardstick for how the Tanzanian Shilling is performing against regional economies. It also matters for cross-border trade across Southern and East Africa.

Compare brokers offering these pairs →

Risks & Trading Hours

  • Surprise policy shifts or data can cause abrupt moves. (USD)
  • Political events such as tariffs or debt-ceiling standoffs can shake the Dollar. (USD)
  • Large policy-driven devaluations. (NGN)
  • Limited liquidity and wide spreads. (NGN)

Most active: New York session (and the London-New York overlap) • Lagos business hours and the London session

USD/NGN FAQ

What is the current USD/NGN exchange rate?

1 USD is worth about 1,328.36 NGN (indicative, updated 22 hours ago). Always confirm the exact rate with your bank or broker before you convert or trade.

What is the all-time high and low of USD/NGN?

In the data we track (since 6 Mar 2024), USD/NGN peaked at 1,690.80 on 27 Nov 2024 and bottomed at 1,139.14 on 17 Apr 2024.

What moves the USD/NGN exchange rate?

USD/NGN is influenced by the relative strength of the US Dollar and the Nigerian Naira. Key factors include: Federal Reserve interest-rate policy, US inflation and jobs data, Oil prices and output, CBN foreign-exchange policy. See the sections above for the full list.

When is the best time to trade USD/NGN?

Activity and liquidity are typically highest during: New York session (and the London-New York overlap) • Lagos business hours and the London session. Spreads are usually tighter when the relevant markets are open.

Is USD/NGN good for beginners?

USD/NGN can be more volatile or carry wider spreads than the major pairs, so it usually suits experienced traders better. If you are new, start with a demo account and a major pair such as EUR/USD.

This page is educational. Rates, statistics and commentary are indicative and may contain errors or be out of date.

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