1 NGN to USD - Nigerian Naira to US Dollar Exchange Rate

NGN to USD Conversion Table

Quick reference for common conversion amounts at current mid-market rate

NGN Amount	USD Equivalent	Exchange Rate
100 NGN	0.07 USD	1 NGN = 0.0007 USD
500 NGN	0.34 USD	1 NGN = 0.0007 USD
1,000 NGN	0.68 USD	1 NGN = 0.0007 USD
5,000 NGN	3.42 USD	1 NGN = 0.0007 USD
10,000 NGN	6.84 USD	1 NGN = 0.0007 USD
50,000 NGN	34.20 USD	1 NGN = 0.0007 USD

Last Updated: October 25, 2025 6:08 PM EDT

About NGN to USD Exchange Rate

The Nigerian Naira (NGN) to US Dollar (USD) exchange rate shows how much one NGN is worth in USD. Currently, 1 NGN equals 0.0007 USD.

Our currency converter uses real-time exchange rates sourced from global financial markets and updated hourly at the top of each hour. The mid-market rate you see here is the fairest rate available, representing the midpoint between buy and sell rates without any markup or hidden fees that banks and money transfer services typically add (which can be 2-4% above mid-market rates).

How to Use This NGN to USD Converter

Enter the amount you want to convert in the "Amount" field (supports any amount from 0.01 onwards)
Select NGN as your source currency and USD as your target currency
Click "Convert" to see the converted amount at the current exchange rate
Use the swap button (⇄) to quickly reverse the conversion direction
Reference the Quick Conversion Table above for common amounts

The NGN/USD rate can fluctuate throughout the day based on economic factors, market sentiment, central bank policies, and geopolitical events. Currency markets are open 24/5 (Monday-Friday). Check back regularly for the latest rates, which update every hour on MarketsHost.

Frequently Asked Questions

What is the current NGN to USD exchange rate?

The current exchange rate is 1 NGN = 0.0007 USD. This rate is updated hourly and represents the mid-market rate without any markups.

How much is 1000 NGN in USD?

1000 NGN equals approximately 0.68 USD at the current exchange rate. See the conversion table above for more amount options.

Is 0.0007 USD per NGN a good rate?

This is the mid-market rate, which is the fairest rate available in the forex market. Banks and money transfer services typically add a 2-4% markup to this rate. If you're getting a rate within 1-2% of this mid-market rate, that's considered competitive.

How often do NGN to USD rates update?

Currency exchange rates on MarketsHost update every hour at the top of the hour. Currency markets operate 24 hours a day, 5 days a week (Monday-Friday), so rates can change continuously based on global economic events.

Where can I exchange NGN to USD?

You can exchange currencies at banks, currency exchange bureaus, airports, or use online money transfer services like Wise, Western Union, or PayPal. Online services typically offer better rates (closer to mid-market) compared to physical exchanges.

What's the difference between mid-market rate and bank rate?

The mid-market rate (shown here) is the midpoint between buy and sell prices in the forex market with no markup. Bank rates typically add a 2-4% margin on top of the mid-market rate as their profit. For example, if the mid-market rate is 0.0007, a bank might offer 0.0007 (3% worse).

Why do NGN to USD rates change?

Exchange rates change due to multiple factors including economic indicators (GDP, inflation, employment), central bank policies and interest rates, political stability, trade balances, market sentiment, and global events. Supply and demand in the forex market cause continuous rate fluctuations.

Can I convert USD back to NGN?

Yes! Use our reverse USD to NGN converter or click the swap button (⇄) in the calculator above to instantly reverse the conversion direction.

Nigerian Naira to US Dollar Converter

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NGN to USD Conversion Table

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About NGN to USD Exchange Rate

How to Use This NGN to USD Converter

Frequently Asked Questions