Find Today's Best US Dollar to Nigerian Naira Exchange Rates

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Compare USD-NGN exchange rates and fees before your next money transfer

Last updated 2 hours ago See live results
Sending 300 USD with Your recipient gets Exchange rate Fees
129827.26 NGN Check rates Instarem USD to NGN rate:
1 USD = 446.142 NGN
Compare for a specific amount, different pay-in and pay-out options, and see transfer speed and Monito Scores on our dedicated comparison page.

How Much is the US Dollar Exchange Rate in Nigerian Banks Today?

Today's USD-NGN Commentary

It has been two calm weeks for the USD-NGN exchange rate, with little fluctuations to talk about. Therefore, the difference between the current rate (USD 1 = NGN 460.493) and the average rate over the past 14 days is very small (a difference of only 0.06%). During the past two weeks, 1 USD gave you on average 460.2303 NGN, the current rate gives you 0.06% more. For a 500 USD transfer, it would be close to 131.38 NGN more arriving on the recipient's side.

Conversion Rates USD/NGN

1 USD 460.493017 NGN
50 USD 23,025 NGN
100 USD 46,049 NGN
200 USD 92,099 NGN
500 USD 230,247 NGN
1,000 USD 460,493 NGN
3,500 USD 1,611,726 NGN
5,000 USD 2,302,465 NGN
10,000 USD 4,604,930 NGN
100,000 USD 46,049,302 NGN
Source | Last updated 3 minutes ago

Conversion Rates NGN/USD

1 NGN 0.002172 USD
50 NGN 0.108579 USD
100 NGN 0.217159 USD
200 NGN 0.434317 USD
500 NGN 1.085793 USD
1,000 NGN 2.171586 USD
3,500 NGN 7.60055 USD
5,000 NGN 10.857928 USD
10,000 NGN 21.715856 USD
100,000 NGN 217.158559 USD
Source | Last updated 3 minutes ago

Key facts about USD and NGN

  • About the US dollar

    US dollar
    Minor unit:
    1/100 Cent
    Central Bank:
    Federal Reserve Bank
    United States, American Samoa
    Rank in the most traded currencies:
  • About the Nigerian naira

    Nigerian naira
    Minor unit:
    1/100 Kobo
    Central Bank:
    Central Bank of Nigeria
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Where To Get US Dollars Cheap in Nigeria?

Traditionally, large banks and black-market currency exchange counters sell US dollars — but at a very poor rate. International money transfer specialists almost always offer lower fees and better exchange rates.

To learn more about how companies like WorldRemit, Remitly, and Small World can send your money to Nigeria, read our article on how to receive money from abroad in Nigeria.

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What is the Nigerian Bank Dollar Exchange Rate?

When large banks in Nigeria exchange naira for US dollars, and vice versa, they use the interbank exchange rate, also called the mid-market exchange rate. When you go to a bank counter to buy US dollars, the bank teller will buy your naira (NGN) and give you US dollars (USD) at a rate that is weaker than the mid-market exchange rate.

This is why our experts at Monito recommend that you use an international money transfer specialist to send US dollars. They offer lower fees and better exchange rates than traditional banks.

Run a search on our comparison engine to find the best provider for you:

Transfer US Dollars Cheaply to Nigeria

FAQ About How To Get Cheap Dollars in Nigeria

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