Nigerian naira to United States dollars today
1 NGN = 0.0007 USD
Convert NGN to USD at the mid-market exchange rate. Access real-time rates via our /api/rate endpoint (no API key required) or the developer docs.
Exchange Rate Trend
NGN to USD Conversion Table
Convert NGN to USD
| NGN | USD |
|---|---|
| ₦1 | $0.00 |
| ₦5 | $0.00 |
| ₦10 | $0.01 |
| ₦25 | $0.02 |
| ₦50 | $0.04 |
| ₦100 | $0.07 |
| ₦500 | $0.37 |
| ₦1,000 | $0.73 |
| ₦5,000 | $3.66 |
| ₦10,000 | $7.32 |
Convert USD to NGN
| USD | NGN |
|---|---|
| $1 | ₦1,366.1351 |
| $5 | ₦6,830.6757 |
| $10 | ₦13,661.3515 |
| $25 | ₦34,153.3787 |
| $50 | ₦68,306.7575 |
| $100 | ₦136,613.5149 |
| $500 | ₦683,067.5745 |
| $1,000 | ₦1,366,135.149 |
| $5,000 | ₦6,830,675.7451 |
| $10,000 | ₦13,661,351.4902 |
About the Nigerian Naira (NGN)
The Nigerian Naira (NGN) is the currency of Africa's largest economy. It is managed by the Central Bank of Nigeria and is heavily influenced by oil exports, which account for most of Nigeria's foreign exchange earnings.
Key Factors That Influence NGN
- Oil prices and production
- CBN exchange rate policy
- Diaspora remittances
- Foreign investment flows
- Inflation and monetary policy
About the US Dollar (USD)
The United States Dollar (USD) is the world's primary reserve currency and the most traded currency globally. It is issued by the Federal Reserve and is used as the benchmark for commodities like oil and gold.
Key Factors That Influence USD
- Federal Reserve interest rate decisions
- US employment data and GDP growth
- Inflation rates (CPI)
- Global risk sentiment and safe-haven demand
- Trade balance and current account
Understanding the NGN/USD Exchange Rate
The NGN/USD exchange rate tells you how many United States dollars you get for 1 Nigerian Naira. This is the mid-market rate — the real exchange rate without any markup. It's the same rate used by Google Finance and Bloomberg.
AllRatesToday provides this rate via a free REST API, updated every 60 seconds from Reuters (Refinitiv) and interbank market feeds. Integrate live NGN/USD rates into your app with our official SDKs for JavaScript, Python, PHP, and React.
The exchange rate between NGN and USD fluctuates based on supply and demand in the foreign exchange market. Economic data releases, central bank announcements, and geopolitical events can all cause significant movements in the rate.
Integrate NGN/USD Rates Into Your App
Whether you're building a fintech product, e-commerce platform, or financial dashboard, AllRatesToday makes it easy to add live exchange rates to your application:
- Real-time mid-market rates: The rate shown on this page updates every 60 seconds from Reuters/Refinitiv — no stale daily data.
- Free API tier: Get started with 300 requests/month at no cost. No credit card required.
- Official SDKs: Install from npm, PyPI, or Packagist and start coding in minutes — not days.
- Transparent data source: We name our source (Reuters/Refinitiv and interbank feeds). No vague "multiple commercial sources."
- Historical data: Access rate history for charting, reporting, and reconciliation via the API.
- Multi-currency support: 160+ currencies including NGN and USD. Request multiple pairs in a single call.
How NGN/USD Exchange Rates Work
Exchange rates are determined by supply and demand in the global foreign exchange (forex) market, the largest financial market in the world with over $6 trillion traded daily.
Floating vs Fixed Rates: Most major currencies like NGN and USD have floating exchange rates, meaning their value is determined by market forces. Some currencies are pegged to another currency (usually USD) at a fixed rate.
Bid and Ask Prices: In forex markets, currencies are quoted with a bid price (what buyers pay) and ask price (what sellers receive). The mid-market rate shown on this page is the midpoint between these two prices.
Rate Fluctuations: The NGN/USD rate can change every second during trading hours. Major economic announcements, interest rate decisions, and geopolitical events can cause significant moves in either direction.
Frequently Asked Questions About NGN/USD
How do I convert NGN to USD?
To convert NGN to USD: (1) Use the calculator above to see the live mid-market rate. (2) For programmatic access, call our API: GET /api/v1/rates?source=NGN&target=USD. Current rate: 1 NGN = 0.0007 USD. Get your free API key at allratestoday.com/register.
What is 1 NGN in USD today?
1 NGN equals 0.0007 USD as of today. This is the mid-market exchange rate, which is the real rate without any bank markup. Rates fluctuate constantly based on market conditions, so check back regularly for updates.
Is the NGN going up or down against USD today?
The NGN/USD exchange rate fluctuates throughout the day based on market conditions. Today's rate is 1 NGN = 0.0007 USD. Check our historical chart above to see the trend over the past day, week, month, or year to understand whether NGN is strengthening or weakening against USD.
What is the best time to buy USD with NGN?
The best time to exchange NGN to USD depends on market conditions. Generally, rates tend to be more favorable during overlapping trading hours between major financial centers (London, New York, Tokyo). Avoid exchanging during weekends or bank holidays when spreads may be wider. Use our historical chart to identify trends and consider setting up rate alerts.
Why is NGN falling or rising against USD?
Exchange rates between NGN and USD are influenced by: interest rate differentials between central banks, inflation rates, GDP and economic growth data, trade balances, political stability, and global market sentiment. Major announcements from the Federal Reserve, ECB, or other central banks can cause significant short-term movements in the NGN/USD rate.
How can I get NGN/USD rates in my app?
Use the AllRatesToday API: (1) Register for a free API key at allratestoday.com/register. (2) Call GET /api/v1/rates?source=NGN&target=USD with your Bearer token. (3) Rates update every 60 seconds from Reuters/Refinitiv. (4) Install our official SDK for JavaScript (npm), Python (PyPI), or PHP (Packagist) for even faster integration.
What is the mid-market rate for NGN/USD?
The mid-market rate (also called the interbank rate) is the midpoint between buy and sell prices in global currency markets. The current mid-market rate is 1 NGN = 0.0007 USD. This is the "real" exchange rate without any bank markup. AllRatesToday provides this rate via a free API, sourced from Reuters (Refinitiv) and interbank feeds.
What is the CBN rate for NGN/USD?
The CBN (Central Bank of Nigeria) rate is the official exchange rate set by Nigeria's central bank. This rate is used for official government transactions and some regulated business dealings. However, the parallel market rate, which reflects actual supply and demand, is often significantly different and is the rate most Nigerians encounter in daily currency exchanges.
Why is there a difference between CBN and parallel market rates?
The gap between CBN and parallel market rates exists due to foreign currency supply restrictions, high demand for foreign exchange, and limited access to official channels. The parallel market (sometimes called "black market") operates based on actual market forces, while the CBN rate is controlled by the central bank.
Which rate does the AllRatesToday API use for NGN?
The AllRatesToday API returns mid-market rates sourced from Reuters (Refinitiv) and interbank market feeds. For NGN, this reflects the interbank market rate. The exact rate updates every 60 seconds. Use our API to get the current rate programmatically for your application.