The official US Dollar (USD) exchange rate published by the Central Bank of Nigeria for today, March 22, 2026, is ₦1,353.00, representing an increase of ₦8.58 in value from yesterday’s rate. This means that for every 1 USD exchanged, you receive ₦1,353.00.
Exchange Rate Chart (USD to NGN)
The chart below shows the movement of the USD to Naira exchange rate based on the 14 most recent records. It helps you understand trends, market direction, and rate fluctuations to make informed decisions.
Exchange Rate Volatility Status (USD to NGN)
The exchange rate has experienced significant fluctuations over the most recent 14 records, indicating strong market activity and noticeable movements in the USD to Naira rate.
Status: High
| Metric | Value |
|---|---|
| Highest Rate | ₦1,401.40 |
| Lowest Rate | ₦1,344.42 |
| Price Range | ₦56.99 |
Historical Exchange Rate Table (USD to NGN)
The table below shows the 14 most recent available exchange rate records for US Dollar to Nigerian Naira (NGN), based on official market data.
Currency Converter (USD to NGN)
Use the currency converter below to instantly calculate exchange values from US Dollar to Naira using the latest rates provided on this page.
Live Exchange Rates (USD to NGN)
The table below shows calculated conversion values from US Dollar to Naira for different amounts, based on the current exchange rate. It helps you quickly see how various USD values translate into Naira.
| Amount in USD | Rate in Naira |
|---|---|
| 1 USD to Naira | ₦1,353.00 |
| 10 USD to Naira | ₦13,530.00 |
| 20 USD to Naira | ₦27,060.00 |
| 40 USD to Naira | ₦54,120.00 |
| 60 USD to Naira | ₦81,180.00 |
| 80 USD to Naira | ₦108,240.00 |
| 100 USD to Naira | ₦135,300.00 |
| 200 USD to Naira | ₦270,600.00 |
| 300 USD to Naira | ₦405,900.00 |
| 400 USD to Naira | ₦541,200.00 |
| 500 USD to Naira | ₦676,500.00 |
| 600 USD to Naira | ₦811,800.00 |
| 700 USD to Naira | ₦947,100.00 |
| 800 USD to Naira | ₦1,082,400.00 |
| 900 USD to Naira | ₦1,217,700.00 |
| 1,000 USD to Naira | ₦1,353,000.00 |
Related Exchange Rates Today
See related exchange rates for other major currencies. You can compare their buying and selling prices to stay updated with current market values and overall currency movements.
Understanding the US Dollar to Naira Exchange Rate
The US Dollar to Naira exchange rate (USD/NGN) shows how much Nigerian naira (₦) is needed to buy one US dollar ($). It is one of the most closely watched currency rates in Nigeria because the US dollar is the dominant currency used in global trade, international payments, and foreign reserves.
Because Nigeria relies heavily on imported goods and international transactions priced in US Dollars, movements in the USD/NGN exchange rate directly influence the cost of goods, business operations, and inflation levels in the country.
The official rate is determined through regulated financial markets and guided by the Central Bank of Nigeria (CBN). It is used for:
- Government transactions
- Bank transfers and foreign exchange operations
- Approved corporate and import/export transactions
Factors Influencing USD to NGN Exchange Rate
Some of the key factors that influence the USD to Naira exchange rate include:
- Oil export revenue: Nigeria earns a large portion of its foreign exchange from crude oil exports, which are priced in US Dollars.
- Import demand: Higher demand for imported goods increases the need for US Dollars in the local market.
- Central Bank policies: Decisions by the Central Bank of Nigeria (CBN) regarding monetary policy and foreign exchange management can influence the exchange rate.
- Foreign investment flows: Inflows or outflows of foreign investment can affect the availability of foreign currency in the economy.
- Global US Dollar strength: Changes in the value of the US Dollar in international markets can impact its exchange rate against the Naira.
Because these factors change frequently, the USD to Naira exchange rate can fluctuate depending on market demand and economic conditions.
Why the Dollar to Naira Exchange Rate Matters
- Imports and Cost of Goods
Many goods in Nigeria are imported and priced in dollars. When the dollar rises, the cost of items such as fuel, electronics, and food often increases. - Education Abroad
Students studying in countries like the United States pay tuition and living expenses in dollars, making exchange rates a major financial factor. - International Business
Companies that import raw materials or export products must closely monitor exchange rate movements to manage costs and pricing. - Remittances
Nigerians receiving money from abroad are affected by exchange rates because a stronger dollar means more naira when converted. - Travel and Tourism
Nigerians traveling to the United States need to exchange naira for dollars, so fluctuations in the rate can impact travel budgets.
Frequently Asked Questions (USD To NGN)
How much is 1 dollar in Naira?
At the current exchange rate, $1 equals ₦1,353.00.
How much is 10 dollars in Naira?
At the current exchange rate, $10 equals ₦13,530.00.
How much is 50 dollars in Naira?
At the current exchange rate, $50 equals ₦67,650.00.
How much is 100 dollars in Naira?
At the current exchange rate, $100 equals ₦135,300.00.
How much is 200 dollars in Naira?
At the current exchange rate, $200 equals ₦270,600.00.
How much is 500 dollars in Naira?
At the current exchange rate, $500 equals ₦676,500.00.
How much is 1,000 dollars in Naira?
At the current exchange rate, $1,000 equals ₦1,353,000.00.