American Dollar to Nigerian Naira Currency Conversion Guide

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The American dollar to Nigerian naira currency conversion is a crucial aspect of international travel and trade.

The exchange rate is not fixed and can fluctuate depending on various economic factors.

As of our last update, 1 USD is approximately equal to 415 NGN.

However, please note that exchange rates can change frequently and may not be the same when you make your conversion.

Currency Conversion

The Nigerian naira (₦) is the national currency of Nigeria, and it's subdivided into 100 kobo. The Nigerian naira can be subdivided into kobo, with every NGN having 100 kobo.

As of 13/01/2025 20:03, the exchange rate for 1 US Dollar is 1549.67 Nigerian Naira. This is according to the latest currency exchange rates.

You can use a live currency converter to convert USD to NGN, or vice versa. It's also handy to have a conversion table to refer to.

If you need to convert a large amount of money, you can use the conversion charts provided. For example, 100,000 USD is equivalent to 154,967,004.8 NGN.

Credit: youtube.com, Why the Naira is gaining against the dollar.

To give you an idea of the exchange rate, here are some examples of how much 1 NGN is worth in USD: 1 NGN is equivalent to 0.000645 USD, 10 NGN is equivalent to 0.006453 USD, and so on.

If you're planning to send money to Nigeria, you can use Western Union, but you'll need to know the exchange rate to ensure you're getting the best deal. For example, if you want to send 60 UK pounds to Nigeria, you'll need to convert it to USD first, which is approximately 76.93 USD. Then, you can convert it to NGN, which is approximately 118,563.58 NGN.

To make it easier to understand, here's a table showing the exchange rate for different amounts of USD to NGN:

Note that these exchange rates are subject to change and may not reflect the current rate. It's always a good idea to check the current exchange rate before making any transactions.

Exchange Rates

Credit: youtube.com, Black Market Dollar To Naira Exchange Rate 16th December 2024

As of January 13th, 2025, the exchange rate for 1 US Dollar to Nigerian Naira is 1549.67 NGN. This rate can be found on live currency exchange rate pages that update in real-time.

The exchange rate has fluctuated over the past week, with a high of 1556.01 NGN on January 12th and a low of 1543.67 NGN on January 8th. This data can be found in the exchange rate history tables.

If you're looking to convert a specific amount of USD to NGN, you can use the live currency converter tool. For example, if you want to convert 10 USD, the result would be 15496.7 NGN.

Here's a rough idea of what different amounts of USD would be worth in NGN, based on the current exchange rate:

Keep in mind that exchange rates can change frequently, so it's always a good idea to check the current rate before making any transactions.

Credit: youtube.com, US Dollar To Nigerian Naira Exchange Rate Today | Dollar To Naira | USD To NGN | Naira To Dollar

If you're planning to send money to Nigeria, you may want to consider the fees associated with Western Union or other money transfer services. The recipient will typically receive the funds in NGN, but you can check the current exchange rate to estimate how much they will receive.

The exchange rate is influenced by various factors, including economic indicators, geopolitical events, and central bank decisions.

Exchange Rate History

The exchange rate between the American dollar and the Nigerian naira has been fluctuating over the past few weeks.

As of January 12th, 2025, the exchange rate was 1 USD = 1555.8876 NGN. This is a significant increase from January 11th, 2025, when the rate was 1 USD = 1551.109 NGN.

Looking at the historical data, we can see that the exchange rate has been steadily increasing over the past few days, with a slight dip on January 10th, 2025.

Here's a breakdown of the exchange rate for the last week:

Over the past six months, the US dollar has decreased in value compared to the Nigerian naira, with a rate drop of -2.09%.

Currency Charts

Credit: youtube.com, Nigerian Naira with U.S. Dollar (NGN/USD) price prediction with | Aug 9

If you're looking to convert American dollars to Nigerian naira, you'll want to check out the currency charts on our website.

The charts show you exactly how much 1 USD is worth in NGN, with different conversion rates for various amounts. For example, 1 USD is worth 1549.67 NGN, while 10 USD is worth 15496.7 NGN.

We also have a list of currencies that you can convert USD to, including popular options like the Canadian dollar, British pound, and Australian dollar.

Here's a table showing some of the conversion rates for USD to NGN:

You can also use our currency conversion comments section to ask questions and get help from others who have used our service.

Frequently Asked Questions

How much is 1 dollar to naira black market today?

As of today, 1 US dollar is equivalent to approximately 1,645.25 Nigerian nairas. The exchange rate has seen a 5.149% change since yesterday.

How much is 1 dollar in Nigerian banks today?

As of today, 1 US dollar is equivalent to approximately 1,631.40 Nigerian nairas. Please note that exchange rates may fluctuate, so it's always a good idea to check for the latest rates before making any transactions.

Jackie Purdy

Junior Writer

Jackie Purdy is a seasoned writer with a passion for making complex financial concepts accessible to all. With a keen eye for detail and a knack for storytelling, she has established herself as a trusted voice in the world of personal finance. Her writing portfolio boasts a diverse range of topics, including tax terms, debt management, and tax deductions for business owners.

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