USD to NGN Exchange Rate Today
US Dollar to Nigerian Naira conversion for Nigerian diaspora in America. Track live USD/NGN rates for remittances, family support, or Lagos business transactions.
1000 USD =
1,338,660.00NGN
1 NGN = 0.0007 USD
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Compare money transfer service fees for the best rates
USD to NGN conversion table
Common amounts at the current mid-market rate of 1 USD = 1,339 NGN.
| USD | NGN |
|---|---|
| 1 USD | 1,339 NGN |
| 5 USD | 6,693 NGN |
| 10 USD | 13,387 NGN |
| 25 USD | 33,467 NGN |
| 50 USD | 66,933 NGN |
| 100 USD | 133,866 NGN |
| 500 USD | 669,330 NGN |
| 1,000 USD | 1,338,660 NGN |
| 5,000 USD | 6,693,300 NGN |
| NGN | USD |
|---|---|
| 1 NGN | 0.0007 USD |
| 5 NGN | 0.0037 USD |
| 10 NGN | 0.0075 USD |
| 25 NGN | 0.0187 USD |
| 50 NGN | 0.0374 USD |
| 100 NGN | 0.0747 USD |
| 500 NGN | 0.3735 USD |
| 1,000 NGN | 0.7470 USD |
| 5,000 NGN | 3.74 USD |
Mid-market rate — the midpoint banks trade at, before any provider adds a margin. What you actually receive is below.
What you actually get for 1,000 USD
Nobody converts at the mid-market rate. At 1 USD = 1,339 NGN, a perfect conversion of 1,000 USD would be 1,338,660 NGN. Here is what 14 services would really send, fee and exchange-rate margin included.
| Service | Their rate | Fee | You get |
|---|---|---|---|
| Western Unioncheapest | 1,339 | — | 1,338,660 NGN |
| WorldRemit | 1,339 | — | 1,338,660 NGN |
| Sendwave | 1,339 | — | 1,338,660 NGN |
| BOSS Money | 1,339 | — | 1,338,660 NGN |
| Paysend | 1,339 | 1.99 USD | 1,335,996 NGN |
| Ria Money Transfer | 1,339 | 4.40 USD | 1,332,770 NGN |
| Xoom | 1,332 | — | 1,332,234 NGN |
| Instarem | 1,331 | — | 1,330,628 NGN |
| MoneyGram | 1,332 | 1.49 USD | 1,330,316 NGN |
| Taptap Send | 1,326 | — | 1,326,050 NGN |
| XE | 1,325 | — | 1,325,273 NGN |
| Wise | 1,339 | 12.18 USD | 1,322,355 NGN |
| Revolut | 1,319 | 11.50 USD | 1,304,049 NGN |
| OFX | 1,292 | 5.00 USD | 1,285,135 NGN |
On 1,000 USD, the gap between the best and worst option here is 53,525 NGN — the same money, converted on the same day. That difference is the fee plus the margin each service builds into its rate, and it is the only part of this page you can do anything about. How exchange-rate markups work.
Typical pricing for a bank-funded transfer, not a live quote — promotional offers and payment method can change it. Check the provider before sending.
Frequently Asked Questions
What is the US Dollar to Nigerian Naira exchange rate?
USD to NGN rates have surged from ₦400 to ₦1,600+ per dollar following the 2023 naira unification, one of Africa's most dramatic currency depreciations. With 400,000+ Nigerian-Americans (largest African diaspora in the US), this is America's key African remittance channel. The CBN's 2023 reforms collapsed multiple exchange windows into a single I&E-determined rate, but parallel markets persist with 5-10% premiums. Houston, New York, and Texas-based Nigerians must verify rates constantly as intraday volatility can reach 3-5%. Our platform delivers real-time mid-market pricing via OpenExchangeRates, updated every 30 minutes.
How can Nigerians in America send money home?
Nigerian-Americans leverage America's diverse remittance infrastructure: Remitly (strongest US-Nigeria integration, instant bank deposits), WorldRemit (direct to GT Bank, Zenith, Access), SendWave (rock-bottom fees), Wise (transparent but NGN limited); MoneyGram/Western Union (expensive but ubiquitous Nigerian pickup); or crypto (peer-to-peer stablecoin transfers). Houston, New York, Texas, and Atlanta communities should verify final NGN amounts, since the naira's 2023 crash means provider spreads vary significantly. Mobile rate-tracking apps alert users to optimal conversion windows.
Why is the naira so volatile against the dollar?
The naira's extreme volatility reflects Nigeria's oil revenue dependence (petroleum funds 90% of forex earnings), creating vulnerability to crude price shocks. The CBN's 2023 unification reforms collapsed multiple exchange windows but parallel markets persist: official vs street rates often differ 10-15%. Chronic forex scarcity, persistent 15-25% inflation, and structural fiscal deficits compound instability. For Nigerian-Americans remitting $25B annually, this volatility makes rate timing critical: catching favorable windows can boost family support by 10-20%.
Do US banks offer naira transfers?
Most US banks don't directly transfer to NGN accounts or offer poor rates. Major banks (Wells Fargo, Bank of America, Chase) may do international wires to Nigerian banks but charge $40-50 fees plus poor exchange rates. Dedicated remittance services are far better: Remitly, WorldRemit, or SendWave offer direct NGN transfers to Nigerian bank accounts, mobile money, or cash pickup with fees of $2-10 and competitive rates, saving 40-60% compared to banks.
When is the best time to send dollars to Nigeria?
Houston Nigerians sending $1,000 monthly maximize value when dollar exceeds ₦800, gaining ₦800K versus ₦600K at ₦600, which is critical during naira crises. Nigerian Americans (400,000+ community, largest African diaspora) remit $25B annually to Lagos, Abuja, Port Harcourt families. Naira volatility (2023 unification crashed from ₦460 to ₦900) creates timing opportunities. Converting at ₦800 rather than ₦600 saves ₦200K monthly on $1K remittances, which matters for the Texas or New York Nigerian diaspora funding family expenses, Lagos property (Lekki, VI, Ikoyi), or business capital during CBN reforms and oil market shifts.
Popular NGN Currency Pairs
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