Nigeria: USD exchange rate

The currency chart for Nigeria shows historical data for the Nigerian Nairas per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Nigerian Nairas per USD. Depreciation implies that goods from Nigeria become cheaper to export and it becomes cheaper for foreigners to visit Nigeria.

The series for Nigeria are available from September 2004 to September 2024. For that period, the average exchange rate for Nigeria was 294.5314 Nigerian Nairas per USD with a minimum of 116.8155 Nigerian Nairas per USD in March 2008 and a maximum of 1633.5533 Nigerian Nairas per USD in September 2024. The most recent available data point is 1633.5533 Nigerian Nairas per USD, a change of 2.38% from the previous data point of 1595.5061 Nigerian Nairas per USD and a change of 111.42% from a year ago when the level was 772.6651 Nigerian Nairas per USD.

Currency values in Nigeria and elsewhere have different driving forces over the short-run and the long-run. Countries may have fixed or floating exchange rate regimes or be part of monetary unions. They may experience currency crises. These and other issues are discussed in detail on our Exchange rate page.