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.
Highest since Mar 2024
27 Nov 2024
Lowest since Mar 2024
17 Apr 2024
12-month average
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.
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.
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 Rates, statistics and commentary are indicative and may contain errors or be out of date.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.