NGN / USD · Daily reference rate
Naira to US Dollar
Convert NGN to USD with the latest daily reference rate and a year of history. Rates are for information only and are not what a bank or transfer service will give you.
History
NGN to USD rate over time
Over the past year, NGN to USD moved +8.95% (0.0006849 to 0.0007462). Range 0.0006849 to 0.0007575.
Compare
NGN against major currencies
| Pair | Rate | 30 days | 1 year |
|---|---|---|---|
| +13 NGN / USD US Dollar | 0.0007462 | -0.88% | +8.95% |
| NGN / EUR Euro | 0.0006649 | +0.63% | +12.71% |
| +1 NGN / GBP Pound Sterling | 0.0005573 | -1.84% | +8.49% |
| NGN / JPY Yen | 0.1173 | -1.63% | +12.11% |
| +4 NGN / AUD Australian Dollar | 0.001064 | -0.48% | +0.98% |
| NGN / CAD Canadian Dollar | 0.001046 | -1.43% | +9.04% |
| NGN / CHF Swiss Franc | 0.0006138 | -1.15% | +12.59% |
| NGN / CNY Yuan Renminbi | 0.004975 | -1.47% | +2.08% |
| NGN / SGD Singapore Dollar | 0.0009532 | -1.02% | +7.13% |
| NGN / HKD Hong Kong Dollar | 0.005856 | -0.89% | +9.95% |
The money behind the rate
About these currencies
Naira (NGN)
- ISO 4217
- NGN · 566
- Symbol
- ₦
- Minor units
- 2
- Used in
- Nigeria
The Naira is issued by the Central Bank of Nigeria.
- 1973The naira replaces the Nigerian pound as Nigeria changes to a decimal currency on 1 January, with the naira worth ten shillings.
- 2016The central bank ends its managed rate of about 197 naira per US dollar and introduces a flexible interbank market, with trading starting on 20 June.
- 2023The central bank merges the separate segments of the foreign exchange market into the Investors and Exporters window.
+13 US Dollar (USD)
- ISO 4217
- USD · 840
- Symbol
- $
- Minor units
- 2
- Used in
- United States, Ecuador, El Salvador, Timor-Leste, Puerto Rico, Guam, Marshall Islands, Micronesia, Palau, Panama, British Virgin Islands, Turks and Caicos Islands, and others
The US Dollar is issued by the Federal Reserve.
- 1792The Coinage Act establishes the US Mint and sets the dollar as the unit of US money.
- 1913The Federal Reserve Act, signed on 23 December, creates the Federal Reserve System, which issues Federal Reserve Notes.
- 1944The Bretton Woods conference sets up fixed exchange rates, with currencies pegged to the US dollar, which is convertible to gold at $35 an ounce.
- 1971The US ends the dollar’s convertibility into gold for foreign governments on 15 August.
Sources
- Statutes at Large, vol. 1, p. 246: An Act establishing a Mint (1792)
- Wikipedia: Coinage Act of 1792 (secondary)
- Federal Reserve History: Federal Reserve Act signed into law
- Federal Reserve Board: structure of the Federal Reserve System
- Federal Reserve Board: currency
- US Department of State, Office of the Historian: Bretton Woods
- Federal Reserve History: gold convertibility ends
Good to know
Questions
Is this the rate I would get at a bank?
No. These are daily reference rates, close to the mid-market rate. Banks and transfer services add a margin and fees, so the amount you receive is usually lower.
How often is the rate updated?
Once a day. The latest figure here is dated 24 Oct 2026 and is not real time.
Where does the data come from?
Frankfurter, an open service that publishes daily reference rates. Confirm with your bank or provider before you transact.