Buy price
1,330.44
USD/NGN Exchange Rate Today — Live Chart and Analysis
The USD to NGN rate shows how many Nigerian naira one US dollar buys. After the CBN unified official and parallel rates in 2023, the naira fell sharply before stabilising. Nigeria is IQ Option's largest market in Africa.
Sell price
1,330.44
USD/NGN chart
Price Performance
Information regarding past performance is not a reliable indicator of future performance.
Analysis
Nigeria's naira has been highly volatile after the CBN floated it in Q2 2023. The parallel market rate has largely converged with the official rate. Oil export revenues (Nigeria produces roughly 1.5 million bbl/d) are the structural USD supply. Support: 1,550. Resistance: 1,750.
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- 1
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- 2
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- 3
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USD/NGN
USDNGN
1,330.44
Instrument Forex
Dynamic Spread 0
FAQ