The 5 USD to NGN exchange rate is a crucial piece of information for anyone traveling to Nigeria or doing business with the country. The exchange rate has been fluctuating over the years, but one thing is certain: it's essential to stay up-to-date to avoid any financial losses.
As of the latest data, the 5 USD to NGN exchange rate is around 2,000 NGN. This means that if you exchange 5 US dollars, you'll get approximately 2,000 Nigerian naira. The exchange rate can vary depending on the time of day, day of the week, and even season.
The Nigerian economy has been experiencing some challenges in recent years, which has affected the exchange rate. However, the Central Bank of Nigeria has been working to stabilize the currency and improve the economy.
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Conversion Rates
The conversion rate from USD to NGN is a crucial piece of information for anyone looking to convert their US dollars to Nigerian naira.
According to the latest currency exchange rates, 1 US Dollar is equivalent to 1,549.67 Nigerian Naira. This is based on the live currency rates as of 13/01/2025 20:03.
If you're looking to convert a specific amount, you can use the handy conversion table provided. Here's a breakdown of the conversion rates for various amounts of USD:
As you can see, the conversion rate varies depending on the amount you're converting. For example, 10 USD is equivalent to 15,344 NGN, while 100 USD is equivalent to 153,445 NGN.
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Exchange Rate History
The exchange rate history for converting dollars to Nigerian Naira is a fascinating topic. The highest USD to NGN exchange rate in the last year was 1,685.62 Nigerian Nairas per US Dollar on November 27, 2024.
Over the past 10 years, the highest rate from US Dollars to Nigerian Nairas was also on November 27, 2024, when each US Dollar was worth 1,685.62 Nigerian Nairas.
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If you're looking at the daily exchange rates, you'll notice that the rate fluctuates. For example, on the 1st of January 2025, the exchange rate was 1 USD = 1548.8362 NGN.
Here's a breakdown of the daily exchange rates for the first week of January 2025:
The US Dollar has actually increased in value against the Nigerian Naira over the past year, with a gain of +0.04% year-to-date.
Exchange Rate Analysis
The highest USD to NGN exchange rate in the last year was 1,685.62 Nigerian Nairas per US Dollar on November 27, 2024.
Over the past 10 years, the US Dollar has appreciated +668.45% against the Nigerian Naira, making it significantly stronger.
You can convert US Dollars to Nigerian Nairas using the most recent exchange rate, which will give you the value of your converted currency.
The US Dollar is currently stronger than the Nigerian Naira, with 1 USD equal to 1,534.45 NGN.
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The high point for the USD/NGN rate was also on November 27, 2024, making it a notable date in the exchange rate history.
The US Dollar has increased +0.04% year-to-date against the Nigerian Naira, a relatively small change compared to its overall strength.
Conversely, 1 NGN is worth 0.0006517 USD, showing the significant difference in value between the two currencies.
Currency Conversion Tools
If you're looking to convert US dollars to Nigerian nairas, there are a few options available. You can simply type in the box how much you want to convert, and our currency converter will show you the current USD to NGN rate.
To get started, you'll need to select USD as the currency you want to convert from and NGN as the currency you want to convert to. Our converter will then show you the current rate and how it's changed over the past day, week, or month.
One thing to keep in mind is that the exchange rate is constantly changing. According to the most recent exchange rate, 1 USD is equivalent to 1549.3302 NGN.
Here's a quick reference table to give you an idea of how different amounts of USD convert to NGN:
The converter will also show you the value of the converted currency according to the most recent exchange rate.
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