US Dollar to Nigerian Naira Spot Exchange Rates for 2024 (2024)

FAQs

US Dollar to Nigerian Naira Spot Exchange Rates for 2024? ›

Best exchange rate: 1611.1201 NGN on 15 Mar 2024. Average exchange rate in 2024: 1325.9903 NGN. Worst exchange rate: 859.067 NGN on 17 Jan 2024.

1 USD = 1,490 NGN Jun 20, 2024 07:15 UTC.

The official exchange rate of the US dollar to the Nigerian naira, as of today, 30th April 2024, is ₦1,419.11 per US dollar.

The United States Dollar is expected to trade at 104.93 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 105.85 in 12 months time.

“Our year-end forecast for naira is 1,550 a dollar and a 2025 level of 1,500 a dollar.”

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1498 and sell at N1505 on Saturday 8th June 2024, according to sources at Bureau De Change (BDC).

The USD to NGN exchange rate is forecasted to decrease by -0.03% in the next 24 hours, dropping from the current rate of ₦ 1,530.58 to ₦ 1,530.11. Currently, the sentiment in the USD/NGN market is estimated to be bullish.

What can 2000 naira buy in Nigeria? ›

Live rate: 1 USD = 1504.4200 NGN ( -0.11% )

We expect 2024 to be a year of diverging trends for the dollar. It will likely move lower on a broad trade-weighted basis early in the year but stabilize as the year progresses. Although we expect a general downward drift for the dollar, performance of individual currencies will likely vary widely.

Japan continues to be a popular choice, but Vietnam and South Korea stand as solid alternatives among numerous countries in Asia with favourable exchange rates for the US dollar. Closely following in value are South American countries: Argentina and Chile are among those offering the biggest luxury bang.

The official exchange rate of the US dollar to the Nigerian Naira, as of today, 5th May 2024, is ₦1,400 per US dollar.