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 =
1,330,695.00NGN
1 NGN = 0.0008 USD
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USD to NGN conversion table
Common amounts at the current mid-market rate of 1 USD = 1,331 NGN.
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 = 1,331 NGN, a perfect conversion of 1,000 USD would be 1,330,695 NGN. Here is what 10 services would really send, fee and exchange-rate margin included.
On 1,000 USD, the gap between the best and worst option here is 0.0000 NGN for 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 to a bank account, not a live quote. Promotional offers and payment method can change it. Check the provider before sending. Where we price a service from its own recent quotes, its row uses the fee and rate margin from that quote. Some services we price from their own quotes are not in this table, because their quote for this pair depends on a payment or delivery choice or we hold none for it, so “cheapest” is among the services shown. Each is priced on its own calculator.
Frequently Asked Questions
What is the US Dollar to Nigerian Naira exchange rate?
USD to NGN rates have surged following the 2023 naira unification, one of Africa's most dramatic currency depreciations. On October 16, 2026, the mid-market rate was 1 USD = 1,331 NGN. 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, updated every 30 minutes.
How can Nigerians in America send money home?
Nigerian-Americans leverage America's diverse remittance infrastructure: Remitly (instant bank deposits), WorldRemit (direct to GT Bank, Zenith, Access), SendWave, Wise (NGN limited); MoneyGram/Western Union (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 wire fees plus poor exchange rates. Dedicated remittance services such as Remitly, WorldRemit, or SendWave offer direct NGN transfers to Nigerian bank accounts, mobile money, or cash pickup. The comparison above shows current costs for the services it can price on this route.
When is the best time to send dollars to Nigeria?
Houston Nigerians sending $1,000 monthly maximize value when the dollar strengthens against the naira, 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 (the 2023 unification sent the naira sharply lower) creates timing opportunities. A 10% move in the rate is worth $100 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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