USD to NGN Conversion Table
Quick reference for common conversion amounts at current mid-market rate
| USD Amount |
NGN Equivalent |
Exchange Rate |
| 100 USD |
146,182.91 NGN |
1 USD = 1,461.8291 NGN |
| 500 USD |
730,914.54 NGN |
1 USD = 1,461.8291 NGN |
| 1,000 USD |
1,461,829.08 NGN |
1 USD = 1,461.8291 NGN |
| 5,000 USD |
7,309,145.42 NGN |
1 USD = 1,461.8291 NGN |
| 10,000 USD |
14,618,290.84 NGN |
1 USD = 1,461.8291 NGN |
| 50,000 USD |
73,091,454.22 NGN |
1 USD = 1,461.8291 NGN |
Last Updated: October 25, 2025 3:46 PM EDT
About USD to NGN Exchange Rate
The US Dollar (USD) to Nigerian Naira (NGN) exchange rate shows how much one USD is worth in NGN. Currently, 1 USD equals 1,461.8291 NGN.
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 USD to NGN Converter
- Enter the amount you want to convert in the "Amount" field (supports any amount from 0.01 onwards)
- Select USD as your source currency and NGN 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 USD/NGN 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 USD to NGN exchange rate?
The current exchange rate is 1 USD = 1,461.8291 NGN. This rate is updated hourly and represents the mid-market rate without any markups.
How much is 1000 USD in NGN?
1000 USD equals approximately 1,461,829.08 NGN at the current exchange rate. See the conversion table above for more amount options.
Is 1,461.8291 NGN per USD 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 USD to NGN 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 USD to NGN?
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 1,461.8291, a bank might offer 1,417.9742 (3% worse).
Why do USD to NGN 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 NGN back to USD?
Yes! Use our
reverse NGN to USD converter or click the swap button (⇄) in the calculator above to instantly reverse the conversion direction.