Nigeria: USD exchange rate

* indicates monthly or quarterly data series
 Nigeria

USD Exchange rate

 Latest value 1228.1066
 Reference April 2024
 Measure Nigerian Nairas per USD
 Data availability September 2004 - April 2024
 Average 267.7251
 Min - Max 116.8155 - 1530.1214
 Source Google Finance
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 April 2024. For that period, the average exchange rate for Nigeria was 267.7251 Nigerian Nairas per USD with a minimum of 116.8155 Nigerian Nairas per USD in March 2008 and a maximum of 1530.1214 Nigerian Nairas per USD in March 2024. The most recent available data point is 1228.1066 Nigerian Nairas per USD, a change of -19.74% from the previous data point of 1530.1214 Nigerian Nairas per USD and a change of 166.24% from a year ago when the level was 461.2765 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.
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* indicates monthly or quarterly data series


Recent values chart
Nigeria - USD exchange rate - recent values

Historical chart
Nigeria - USD exchange rate - historical chart - 2004-2024
Measure: Nigerian Nairas per USD
Source: Google Finance


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Definition: The amount of local currency units that can be exchanged for one USD. An increase (decrease) means USD appreciation (depreciation). The values are monthly averages of the daily exchange rates provided by Google Finance.

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 Inflation, monthly 2.10 9/2023 percent
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 Business credit interest rate 14.32 9/2023 percent
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