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USD/NGN - Live Chart & Exchange Rate

1 USD = 1,327.9324 NGN

Indicative rate, updated 7 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 export earnings and Central Bank of Nigeria policy. As a fellow African currency, its moves are a useful comparison point for how the Kwacha 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

1,326.86

25 Sep 2026

Highest since Mar 2024

1,690.80

27 Nov 2024

Lowest since Mar 2024

1,139.14

17 Apr 2024

12-month average

1,390.29

1,320.97 – 1,484.76

30 days: -1.49% 90 days: -3.16% 1 year: -10.89%

Over the past year USD/NGN has fallen 10.89%, meaning the USD has weakened against the NGN. In the last 30 days it has moved down 1.49%. 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 25 Sep 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 copper, 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, the "dot plot" 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 nation and largest oil producer. Oil dominates its foreign-currency earnings, so crude output and prices strongly influence it.

Major contributors to the economy

  • Crude oil and gas
  • Agriculture
  • Telecommunications
  • Financial services
  • Trade and retail

Key factors

  • Oil prices and output. Oil sales provide most FX earnings; production disruptions or price falls weaken the Naira.
  • CBN policy and FX liquidity. Reforms to unify exchange rates and improve liquidity have driven large moves.
  • Inflation and interest rates. High inflation erodes value and pressures the currency.
  • Remittances and capital flows. Diaspora remittances are a major source of FX.

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. Because the Nigerian Naira tends to do well when investors are optimistic, USD/NGN is widely watched as a barometer of global risk appetite.

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 generally supports the Naira

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 MPC meetings
  • NGN Nigeria inflation data
  • NGN OPEC+ decisions

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

    The Naira's peg was loosened as low oil prices hit reserves.

  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 NGN

    Multiple exchange rates were unified and the Naira fell sharply.

  7. 2024 NGN

    Further weakness took USD/NGN to record highs before some stabilisation.

Why USD/NGN Matters to Zambian Traders

As a fellow African currency, USD/NGN is a useful yardstick for how the Kwacha is performing against regional economies. It also matters for cross-border trade in 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 gaps between official and parallel rates historically. (NGN)
  • Policy shifts can cause abrupt devaluation. (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 1,327.93 NGN (indicative, updated 7 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 policy and FX liquidity. 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. Trading forex carries a high risk of loss.

This page is educational and is not investment advice. Rates, statistics and commentary are indicative and may contain errors or be out of date. Forex and CFD trading carries a high risk of loss.