Home › Currency Converter › USD to NGN
→

United States dollars to Nigerian naira today

1 USD = 1383.6200 NGN · Live mid-market rate

Convert USD to NGN at the mid-market exchange rate. Access real-time rates via our /api/rate endpoint (free API key required) or the developer docs.

USD
▼
Loading...
NGN
▼
Loading rate...
Mid-market rate
Get API Key

Exchange Rate Trend

USD → NGN
Loading chart data...

USD to NGN Conversion Table

Convert USD to NGN

USD NGN
$1 ₦1,383.62
$5 ₦6,918.10
$10 ₦13,836.20
$25 ₦34,590.50
$50 ₦69,181.00
$100 ₦138,362.00
$500 ₦691,810.00
$1,000 ₦1,383,620.00
$5,000 ₦6,918,100.00
$10,000 ₦13,836,200.00

Convert NGN to USD

NGN USD
₦1 $0.0007
₦5 $0.0036
₦10 $0.0072
₦25 $0.0181
₦50 $0.0361
₦100 $0.0723
₦500 $0.3614
₦1,000 $0.7227
₦5,000 $3.6137
₦10,000 $7.2274

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

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

Understanding the USD/NGN Exchange Rate

The USD/NGN exchange rate tells you how many Nigerian naira you get for 1 US Dollar. This is the mid-market rate — the real exchange rate without any markup. It's the same rate used by Google Finance.

AllRatesToday provides this rate via a free REST API, updated every 60 seconds from institutional interbank market data. Integrate live USD/NGN rates into your app with our official SDKs for JavaScript, Python, PHP, and React.

The exchange rate between USD and NGN 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.

Currency converter API for USD to NGN

This converter is a thin layer over two APIs. Both return JSON, both take one HTTP call, and both have a free tier — no credit card.

Mid-market exchange rate API

The live interbank midpoint — the number shown above. It moves continuously and is refreshed every 60 seconds across 160 currencies. Use it for pricing, checkout, display and anything a customer sees. 

curl "https://allratestoday.com/api/v1/rates?source=USD&target=NGN" \
  -H "Authorization: Bearer YOUR_API_KEY"

[{ "rate": 0.8643, "source": "USD", "target": "NGN",
   "time": "2026-08-16T11:01:24+0000" }]
  • Several targets at once — target=NGN,GBP,JPY returns one row per pair in a single call.
  • Historical — /api/historical-rates for a date range, or ?time=YYYY-MM-DD for one past day.
  • Four formats — add ?format=csv, xml or xlsx to get a file instead of JSON.

Endpoint reference · Get a free key

Central bank rate API

The rate a named institution actually published for a given date, from 102 central banks and 3 tax authorities. Unlike a mid-market rate it never changes after publication, which is what tax filings, customs valuations and audits require. 

curl "https://allratestoday.com/api/v1/central-bank/ecb/latest?source=USD&target=NGN" \
  -H "Authorization: Bearer YOUR_API_KEY"

{ "bank": "ecb", "rate_date": "2026-08-14", "rate": 0.8643,
  "rate_type": "reference", "derived": false, "method": "published" }
  • Any past date — /central-bank/{bank}/2026-06-30. If the bank did not publish that day you get the most recent prior date, flagged.
  • Every bank at once — /api/v1/central-banks/rates returns all sources for one pair, so you can compare what each institution published.
  • Nothing is guessed — pairs a bank does not print are cross-computed from that bank's own table and returned with "derived": true and the method used. Banks are never mixed.

All 105 sources · Endpoint reference

Official SDKs

npm install @allratestoday/sdk · pip install allratestoday · composer require allratestoday/sdk

For AI agents

An MCP server — @allratestoday/mcp-server — lets Claude, Cursor and other MCP clients pull these rates directly, no glue code.

Free tier

300 requests, no credit card, no trial expiry. Paid plans start at €4.99/month for 5,000 requests a month.

Which one do you need? If a regulator, tax authority or auditor names the source, use the official rate — the two can differ by several percent on the same day. For everything a customer sees, use the mid-market rate. On weekends and holidays the official endpoints return the most recent published date, which is the figure compliance rules expect you to apply.

Official USD and NGN Central Bank Rates

The rate on this page is the live mid-market rate. For tax filings, customs valuations, audits, and compliant invoicing you often need the official reference rate published by the central bank instead. AllRatesToday also serves published central-bank rates as JSON, with history and a free latest-rates tier.

US Federal Reserve (H.10) official rates → Central Bank of Nigeria official rates → All central banks →

How USD/NGN 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 USD and NGN 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 USD/NGN 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 USD/NGN

How do I convert USD to NGN?

To convert USD to NGN: (1) Use the calculator above to see the live mid-market rate. (2) For programmatic access, call our API: GET /api/v1/rates?source=USD&target=NGN. Current rate: 1 USD = 1383.6200 NGN. Get your free API key at allratestoday.com/register.

What is 1 USD in NGN today?

1 USD equals 1383.6200 NGN 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 USD going up or down against NGN today?

The USD/NGN exchange rate fluctuates throughout the day based on market conditions. Today's rate is 1 USD = 1383.6200 NGN. Check our historical chart above to see the trend over the past day, week, month, or year to understand whether USD is strengthening or weakening against NGN.

What is the best time to buy NGN with USD?

The best time to exchange USD to NGN 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 USD falling or rising against NGN?

Exchange rates between USD and NGN 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 USD/NGN rate.

How can I get USD/NGN 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=USD&target=NGN with your Bearer token. (3) Rates update every 60 seconds from institutional interbank market data. (4) Install our official SDK for JavaScript (npm), Python (PyPI), or PHP (Packagist) for even faster integration.

What is the mid-market rate for USD/NGN?

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 USD = 1383.6200 NGN. This is the "real" exchange rate without any bank markup. AllRatesToday provides this rate via a free API, sourced from institutional interbank market data.

What is the CBN rate for USD/NGN?

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 institutional interbank market data. 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.

Other USD conversions

Building USD/NGN into software?

These rates come from the AllRatesToday API. If you need them in an application rather than on a page, these are the places to start: