Live USD To NGN Rate

Dollar to Nigerian Naira rate is live on this page. USD to NGN and its inverted exchange rate NGN to USD are updated during market working hours.

LIVE EXCHANGE RATES

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Live EUR To NGN Rate.

Some amounts at the snapped USD to NGN exchange rate:

As of May 28, 2023 4:56 am London Time.

1 USD = 460.28 NGN
2 USD = 920.56 NGN. 3 USD = 1,380.84 NGN. 4 USD = 1,841.12 NGN. 5 USD = 2,301.40 NGN. 6 USD = 2,761.68 NGN. 7 USD = 3,221.96 NGN. 8 USD = 3,682.24 NGN. 9 USD = 4,142.52 NGN.

10 USD = 4,602.80 NGN
11 USD = 5,063.08 NGN. 12 USD = 5,523.36 NGN. 13 USD = 5,983.64 NGN. 14 USD = 6,443.92 NGN. 15 USD = 6,904.20 NGN. 16 USD = 7,364.48 NGN. 17 USD = 7,824.76 NGN. 18 USD = 8,285.04 NGN. 19 USD = 8,745.32 NGN.

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20 USD = 9,205.60 NGN
21 USD = 9,665.88 NGN. 22 USD = 10,126.16 NGN. 23 USD = 10,586.44 NGN. 24 USD = 11,046.72 NGN. 25 USD = 11,507.00 NGN. 26 USD = 11,967.28 NGN. 27 USD = 12,427.56 NGN. 28 USD = 12,887.84 NGN. 29 USD = 13,348.12 NGN.

30 USD = 13,808.40 NGN
31 USD = 14,268.68 NGN. 32 USD = 14,728.96 NGN. 33 USD = 15,189.24 NGN. 34 USD = 15,649.52 NGN. 35 USD = 16,109.80 NGN. 36 USD = 16,570.08 NGN. 37 USD = 17,030.36 NGN. 38 USD = 17,490.64 NGN. 39 USD = 17,950.92 NGN.

40 USD = 18,411.20 NGN
41 USD = 18,871.48 NGN. 42 USD = 19,331.76 NGN. 43 USD = 19,792.04 NGN. 44 USD = 20,252.32 NGN. 45 USD = 20,712.60 NGN. 46 USD = 21,172.88 NGN. 47 USD = 21,633.16 NGN. 48 USD = 22,093.44 NGN. 49 USD = 22,553.72 NGN.

50 USD = 23,014.00 NGN
51 USD = 23,474.28 NGN. 52 USD = 23,934.56 NGN. 53 USD = 24,394.84 NGN. 54 USD = 24,855.12 NGN. 55 USD = 25,315.40 NGN. 56 USD = 25,775.68 NGN. 57 USD = 26,235.96 NGN. 58 USD = 26,696.24 NGN. 59 USD = 27,156.52 NGN.

60 USD = 27,616.80 NGN
61 USD = 28,077.08 NGN. 62 USD = 28,537.36 NGN. 63 USD = 28,997.64 NGN. 64 USD = 29,457.92 NGN. 65 USD = 29,918.20 NGN. 66 USD = 30,378.48 NGN. 67 USD = 30,838.76 NGN. 68 USD = 31,299.04 NGN. 69 USD = 31,759.32 NGN.

70 USD = 32,219.60 NGN
71 USD = 32,679.88 NGN. 72 USD = 33,140.16 NGN. 73 USD = 33,600.44 NGN. 74 USD = 34,060.72 NGN. 75 USD = 34,521.00 NGN. 76 USD = 34,981.28 NGN. 77 USD = 35,441.56 NGN. 78 USD = 35,901.84 NGN. 79 USD = 36,362.12 NGN.

80 USD = 36,822.40 NGN
81 USD = 37,282.68 NGN. 82 USD = 37,742.96 NGN. 83 USD = 38,203.24 NGN. 84 USD = 38,663.52 NGN. 85 USD = 39,123.80 NGN. 86 USD = 39,584.08 NGN. 87 USD = 40,044.36 NGN. 88 USD = 40,504.64 NGN. 89 USD = 40,964.92 NGN.

90 USD = 41,425.20 NGN
91 USD = 41,885.48 NGN. 92 USD = 42,345.76 NGN. 93 USD = 42,806.04 NGN. 94 USD = 43,266.32 NGN. 95 USD = 43,726.60 NGN. 96 USD = 44,186.88 NGN. 97 USD = 44,647.16 NGN. 98 USD = 45,107.44 NGN. 99 USD = 45,567.72 NGN.

100 USD = 46,028.00 NGN
110 USD = 50,630.80 NGN. 120 USD = 55,233.60 NGN. 130 USD = 59,836.40 NGN. 140 USD = 64,439.20 NGN. 150 USD = 69,042.00 NGN. 160 USD = 73,644.80 NGN. 170 USD = 78,247.60 NGN. 180 USD = 82,850.40 NGN. 190 USD = 87,453.20 NGN.

200 USD = 92,056.00 NGN
210 USD = 96,658.80 NGN. 220 USD = 101,261.60 NGN. 230 USD = 105,864.40 NGN. 240 USD = 110,467.20 NGN. 250 USD = 115,070.00 NGN. 260 USD = 119,672.80 NGN. 270 USD = 124,275.60 NGN. 280 USD = 128,878.40 NGN. 290 USD = 133,481.20 NGN.

300 USD = 138,084.00 NGN
310 USD = 142,686.80 NGN. 320 USD = 147,289.60 NGN. 330 USD = 151,892.40 NGN. 340 USD = 156,495.20 NGN. 350 USD = 161,098.00 NGN. 360 USD = 165,700.80 NGN. 370 USD = 170,303.60 NGN. 380 USD = 174,906.40 NGN. 390 USD = 179,509.20 NGN.

400 USD = 184,112.00 NGN
410 USD = 188,714.80 NGN. 420 USD = 193,317.60 NGN. 430 USD = 197,920.40 NGN. 440 USD = 202,523.20 NGN. 450 USD = 207,126.00 NGN. 460 USD = 211,728.80 NGN. 470 USD = 216,331.60 NGN. 480 USD = 220,934.40 NGN. 490 USD = 225,537.20 NGN.

500 USD = 230,140.00 NGN
510 USD = 234,742.80 NGN. 520 USD = 239,345.60 NGN. 530 USD = 243,948.40 NGN. 540 USD = 248,551.20 NGN. 550 USD = 253,154.00 NGN. 560 USD = 257,756.80 NGN. 570 USD = 262,359.60 NGN. 580 USD = 266,962.40 NGN. 590 USD = 271,565.20 NGN.

600 USD = 276,168.00 NGN
610 USD = 280,770.80 NGN. 620 USD = 285,373.60 NGN. 630 USD = 289,976.40 NGN. 640 USD = 294,579.20 NGN. 650 USD = 299,182.00 NGN. 660 USD = 303,784.80 NGN. 670 USD = 308,387.60 NGN. 680 USD = 312,990.40 NGN. 690 USD = 317,593.20 NGN.

700 USD = 322,196.00 NGN
710 USD = 326,798.80 NGN. 720 USD = 331,401.60 NGN. 730 USD = 336,004.40 NGN. 740 USD = 340,607.20 NGN. 750 USD = 345,210.00 NGN. 760 USD = 349,812.80 NGN. 770 USD = 354,415.60 NGN. 780 USD = 359,018.40 NGN. 790 USD = 363,621.20 NGN.

800 USD = 368,224.00 NGN
810 USD = 372,826.80 NGN. 820 USD = 377,429.60 NGN. 830 USD = 382,032.40 NGN. 840 USD = 386,635.20 NGN. 850 USD = 391,238.00 NGN. 860 USD = 395,840.80 NGN. 870 USD = 400,443.60 NGN. 880 USD = 405,046.40 NGN. 890 USD = 409,649.20 NGN.

900 USD = 414,252.00 NGN
910 USD = 418,854.80 NGN. 920 USD = 423,457.60 NGN. 930 USD = 428,060.40 NGN. 940 USD = 432,663.20 NGN. 950 USD = 437,266.00 NGN. 960 USD = 441,868.80 NGN. 970 USD = 446,471.60 NGN. 980 USD = 451,074.40 NGN. 990 USD = 455,677.20 NGN.

1000 USD = 460,280.00 NGN
1100 USD = 506,308.00 NGN. 1200 USD = 552,336.00 NGN. 1300 USD = 598,364.00 NGN. 1400 USD = 644,392.00 NGN. 1500 USD = 690,420.00 NGN. 1600 USD = 736,448.00 NGN. 1700 USD = 782,476.00 NGN. 1800 USD = 828,504.00 NGN. 1900 USD = 874,532.00 NGN.

2000 USD = 920,560.00 NGN
2100 USD = 966,588.00 NGN. 2200 USD = 1,012,616.00 NGN. 2300 USD = 1,058,644.00 NGN. 2400 USD = 1,104,672.00 NGN. 2500 USD = 1,150,700.00 NGN. 2600 USD = 1,196,728.00 NGN. 2700 USD = 1,242,756.00 NGN. 2800 USD = 1,288,784.00 NGN. 2900 USD = 1,334,812.00 NGN.

3000 USD = 1,380,840.00 NGN
3100 USD = 1,426,868.00 NGN. 3200 USD = 1,472,896.00 NGN. 3300 USD = 1,518,924.00 NGN. 3400 USD = 1,564,952.00 NGN. 3500 USD = 1,610,980.00 NGN. 3600 USD = 1,657,008.00 NGN. 3700 USD = 1,703,036.00 NGN. 3800 USD = 1,749,064.00 NGN. 3900 USD = 1,795,092.00 NGN.

4000 USD = 1,841,120.00 NGN
4100 USD = 1,887,148.00 NGN. 4200 USD = 1,933,176.00 NGN. 4300 USD = 1,979,204.00 NGN. 4400 USD = 2,025,232.00 NGN. 4500 USD = 2,071,260.00 NGN. 4600 USD = 2,117,288.00 NGN. 4700 USD = 2,163,316.00 NGN. 4800 USD = 2,209,344.00 NGN. 4900 USD = 2,255,372.00 NGN.

5000 USD = 2,301,400.00 NGN
5100 USD = 2,347,428.00 NGN. 5200 USD = 2,393,456.00 NGN. 5300 USD = 2,439,484.00 NGN. 5400 USD = 2,485,512.00 NGN. 5500 USD = 2,531,540.00 NGN. 5600 USD = 2,577,568.00 NGN. 5700 USD = 2,623,596.00 NGN. 5800 USD = 2,669,624.00 NGN. 5900 USD = 2,715,652.00 NGN.

6000 USD = 2,761,680.00 NGN
6100 USD = 2,807,708.00 NGN. 6200 USD = 2,853,736.00 NGN. 6300 USD = 2,899,764.00 NGN. 6400 USD = 2,945,792.00 NGN. 6500 USD = 2,991,820.00 NGN. 6600 USD = 3,037,848.00 NGN. 6700 USD = 3,083,876.00 NGN. 6800 USD = 3,129,904.00 NGN. 6900 USD = 3,175,932.00 NGN.

7000 USD = 3,221,960.00 NGN
7100 USD = 3,267,988.00 NGN. 7200 USD = 3,314,016.00 NGN. 7300 USD = 3,360,044.00 NGN. 7400 USD = 3,406,072.00 NGN. 7500 USD = 3,452,100.00 NGN. 7600 USD = 3,498,128.00 NGN. 7700 USD = 3,544,156.00 NGN. 7800 USD = 3,590,184.00 NGN. 7900 USD = 3,636,212.00 NGN.

8000 USD = 3,682,240.00 NGN
8100 USD = 3,728,268.00 NGN. 8200 USD = 3,774,296.00 NGN. 8300 USD = 3,820,324.00 NGN. 8400 USD = 3,866,352.00 NGN. 8500 USD = 3,912,380.00 NGN. 8600 USD = 3,958,408.00 NGN. 8700 USD = 4,004,436.00 NGN. 8800 USD = 4,050,464.00 NGN. 8900 USD = 4,096,492.00 NGN.

9000 USD = 4,142,520.00 NGN
9100 USD = 4,188,548.00 NGN. 9200 USD = 4,234,576.00 NGN. 9300 USD = 4,280,604.00 NGN. 9400 USD = 4,326,632.00 NGN. 9500 USD = 4,372,660.00 NGN. 9600 USD = 4,418,688.00 NGN. 9700 USD = 4,464,716.00 NGN. 9800 USD = 4,510,744.00 NGN. 9900 USD = 4,556,772.00 NGN.

10000 USD = 4,602,800.00 NGN
10100 USD = 4,648,828.00 NGN. 10200 USD = 4,694,856.00 NGN. 10300 USD = 4,740,884.00 NGN. 10400 USD = 4,786,912.00 NGN. 10500 USD = 4,832,940.00 NGN. 10600 USD = 4,878,968.00 NGN. 10700 USD = 4,924,996.00 NGN. 10800 USD = 4,971,024.00 NGN. 10900 USD = 5,017,052.00 NGN.

11000 USD = 5,063,080.00 NGN
11100 USD = 5,109,108.00 NGN. 11200 USD = 5,155,136.00 NGN. 11300 USD = 5,201,164.00 NGN. 11400 USD = 5,247,192.00 NGN. 11500 USD = 5,293,220.00 NGN. 11600 USD = 5,339,248.00 NGN. 11700 USD = 5,385,276.00 NGN. 11800 USD = 5,431,304.00 NGN. 11900 USD = 5,477,332.00 NGN.

12000 USD = 5,523,360.00 NGN
12100 USD = 5,569,388.00 NGN. 12200 USD = 5,615,416.00 NGN. 12300 USD = 5,661,444.00 NGN. 12400 USD = 5,707,472.00 NGN. 12500 USD = 5,753,500.00 NGN. 12600 USD = 5,799,528.00 NGN. 12700 USD = 5,845,556.00 NGN. 12800 USD = 5,891,584.00 NGN. 12900 USD = 5,937,612.00 NGN.

13000 USD = 5,983,640.00 NGN
13100 USD = 6,029,668.00 NGN. 13200 USD = 6,075,696.00 NGN. 13300 USD = 6,121,724.00 NGN. 13400 USD = 6,167,752.00 NGN. 13500 USD = 6,213,780.00 NGN. 13600 USD = 6,259,808.00 NGN. 13700 USD = 6,305,836.00 NGN. 13800 USD = 6,351,864.00 NGN. 13900 USD = 6,397,892.00 NGN.

14000 USD = 6,443,920.00 NGN
14100 USD = 6,489,948.00 NGN. 14200 USD = 6,535,976.00 NGN. 14300 USD = 6,582,004.00 NGN. 14400 USD = 6,628,032.00 NGN. 14500 USD = 6,674,060.00 NGN. 14600 USD = 6,720,088.00 NGN. 14700 USD = 6,766,116.00 NGN. 14800 USD = 6,812,144.00 NGN. 14900 USD = 6,858,172.00 NGN.

15000 USD = 6,904,200.00 NGN

Why are exchange rates changing?

Currency graphs have been hyperactive with high jumps and low dips lately. This fluctuation is normal and is governed by supply and demand. Currency exchange involves the buying and selling of the world's monies vis-à-vis any other commodity. If the need for a particular country's currency is high, the high demand leads to a higher forex rate, and vice versa.

But the demand and supply of the world's currencies are influenced by many other factors.

Just like the demand and supply of oil is influenced by the number of vehicles on the road or the technological efficiency in the production of that oil, money has similar determinants. They range from monetary policies to politics and other factors that affect the economy.

Changing inflation rates

Inflation rates are direct indicators of the purchasing power of a country's currency. If the inflation rate is high in your country, you might need more money to buy a cup of coffee now than you did last year. If it is low, the same cup of coffee will cost surprisingly lower.

High inflation rates indicate a weakening economy, while low inflation rates denote a strengthening economy. Currency values rise when the inflation rate is lower, and the economy is stronger. They fall when inflation rises.

Different political climates

Economy and politics are tied at the hip. Bad political temperatures can lead to the weakening of a country's currency and cause it to trade for less in the forex market. That is why you find that 1 USD can be worth thousands in countries with unstable politics from Venezuela to Zimbabwe. When politics is bad, it destroys the business environment and productivity, leading to a weaker economy.

Politically sound countries, on the other hand, have an encouraging environment for investors and innovators. Their economy gets stronger, and the demand for their currencies increases. However, even politically stable countries can have rapid changes in exchange rates when nearing an election.

Changes in interest rates

Higher interest rate is another investor magnet. Let's say country A has a higher interest rate than country B. Lenders get high rates and investors are guaranteed a higher return on their investments in country A. This country will, therefore, attract more business from the outside and entrepreneurship from the inside than country B which has lower interest’s rates. The economy of country A will outperform that of country B, and it will see its currency value appreciate significantly.

Exports and imports

International trade affects the balance of trade between country A and B. It shows interest, dividend, and earnings made from the exchange of goods between those two countries. Country A would have a deficit of its buying more of country B's products.

This country would spend more currency than it receives from trading with country B. The excess demand for country B's currency drives up its value because it starts to become scarce. On the other hand, country A's currency value will start to decline because the world is oversupplied with it.

Domestic and international debt

Countries that operate on a deficit budget spend more than they make (collect in taxes). These countries often turn to internal or international borrowing to fill the gap in their finances and stimulate the economy.

However, that can lead to a massive public debt that discourages foreign investors and domestic entrepreneurs because large public debt drives up inflation and minimize returns on investment. The economy of such a country takes on a downturn. That eventuality leads to a weaker currency and a lower exchange rate.

Health risks, epidemics, and public fear

Much of the whipsawing currently happening in the Forex market is linked to the coronavirus. Health disasters like these wreak havoc to a country's economy and make it impossible to work. A lot of resources are directed towards the health issue, while other areas of the economy suffer.

Productivity is hugely impacted.

When it comes to ailments like influenza, malaria, and HIV AIDs, developed countries, have created better response strategies and lowered their infection rates. These countries boast of better economies as a result, and higher exchange rates in the Forex market.

But for a new epidemic that is affecting all parts of the world equally, exchange rates are dropping and rising based on individual country's response measures, death tolls, and progress in developing a cure vaccine.

The takeaway

Countless factors affect the demand and supply of a country's currency and in turn, the exchange rate. It all boils down to economic productivity and stability. Countries with stronger or strengthening economies will have a higher exchange rate (you will buy more foreign currency with their money) compared to countries with weaker or weakening economies.