LocalExchangeRates.com

Official Rate Sheet: United States Dollar (USD) / Nigerian Naira (NGN)

Date generated:

Mid-Market Rate: 1 USD = 1327.5289 NGN

Real-Time Interbank Wholesale Feed: October 6, 2026

United States Dollar to Nigerian Naira Exchange Rate (USD to NGN)

Real-time mid-market wholesale rate with zero retail markup. Check benchmark pricing before bank conversion or international wire transfer.

Bottom Line Up Front (BLUF): How much is 1,000 USD in NGN?

1 USD = 1327.5289 NGN

At the current mid-market wholesale exchange rate, converting 1,000 United States Dollar (USD) yields approximately 1,327,528.87 Nigerian Naira (NGN) (inverse rate: 1 NGN = 0.0008 USD). This rate represents the pure interbank benchmark. Retail dealers and commercial banks typically apply a commercial spread between 1.5% and 3.5%. View live calculations, historical charts, and provider spreads below.

You Pay (Amount): USD

You Receive (Estimate): NGN

Wycena na podstawie średniego kursu międzybankowego (0,00% marży)

Kurs rynkowy: 1 USD = 1327.5289 NGN

Kurs odwrotny: 1 NGN = 0.0008 USD

Status danych: Live Data (Redis)

Looking for reverse calculation? Check NGN to USD (Nigerian Naira to United States Dollar) Live Converter →

USD to NGN Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for United States Dollar against Nigerian Naira

Period High

1343.4592 NGN

Period Low

1311.5985 NGN

Volatility / Avg

1327.5289 NGN

Mid-Market Trend

+0.25%

30-Day Range (1M) Position: 50% range

Min: 1311.5985 NGN

Max: 1343.4592 NGN

52-Week Range (1Y) Current Position: 65% Range

Min: 1281.0654 NGN

Max: 1373.9924 NGN

Standard Denomination Conversion Matrix (USD & NGN)

Wholesale interbank rate matrix with zero retail markup or hidden fees.

United States Dollar → Nigerian Naira (USD / NGN)

Wholesale Benchmark

United States Dollar (USD)	Nigerian Naira (NGN)
1 USD	1,327.53 NGN
5 USD	6,637.64 NGN
10 USD	13,275.29 NGN
25 USD	33,188.22 NGN
50 USD	66,376.44 NGN
100 USD	132,752.89 NGN
200 USD	265,505.77 NGN
250 USD	331,882.22 NGN
500 USD	663,764.44 NGN
1,000 USD	1,327,528.87 NGN
2,500 USD	3,318,822.19 NGN
5,000 USD	6,637,644.37 NGN
10,000 USD	13,275,288.75 NGN

Nigerian Naira → United States Dollar (NGN / USD)

Wholesale Benchmark

Nigerian Naira (NGN)	United States Dollar (USD)
1 NGN	0.00 USD
5 NGN	0.00 USD
10 NGN	0.01 USD
25 NGN	0.02 USD
50 NGN	0.04 USD
100 NGN	0.08 USD
200 NGN	0.15 USD
250 NGN	0.19 USD
500 NGN	0.38 USD
1,000 NGN	0.75 USD
2,500 NGN	1.88 USD
5,000 NGN	3.77 USD
10,000 NGN	7.53 USD

Provider / Channel	USD/NGN Effective Exchange Rate	Estimated Fee	Estimated Received (NGN)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	1327.5289 NGN	0.00%	6,637,644.37 NGN	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	1,281.0654 NGN	~3.50%	6,405,326.82 NGN	-232,317.55 NGN
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	1,194.7760 NGN	~10.00%	5,973,879.94 NGN	-663,764.44 NGN

1 USD to NGN: United States Dollar to Nigerian Naira Exchange Guide

Searches for 1 USD to NGN or convert USD to NGN describe the amount of Nigerian Naira received per 1 United States Dollar. At today's wholesale baseline of 1 USD = 1327.5289 NGN (inverse: 1 NGN = 0.0008 USD), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (United States ↔ Nigeria)

Whether remitting money internationally or budgeting for travel, benchmark retail bank quotes against the wholesale mid-market rate to avoid excessive markups.

🏦 Commercial Bank Spreads

Major commercial banks typically add markups between 1.5% and 3.5% on foreign currencies, whereas digital multi-currency accounts operate with tighter margins.

📈 Monetary Policy Drivers

Interest rate decisions and monetary policies set by Federal Reserve System (Fed) and Central Bank of Nigeria (CBN) shape the medium-to-long term valuation of USD/NGN.

USD and NGN Currency Profiles

Official monetary framework, central bank governance, and banknote specifications for United States and Nigeria.

How the USD to NGN Exchange Rate Works

Foreign exchange transactions between United States (USD) and Nigeria (NGN) trade continuously on global wholesale interbank currency markets. The mid-market rate represents the exact mathematical midpoint between institutional buy (bid) and sell (ask) quotes without retail dealer markups.

Key considerations when converting or transferring between USD and NGN:

Banking Channel Selection: Digital banking transfers and specialized multi-currency accounts generally offer exchange margins of 0.2% to 0.8%, whereas airport physical cash booths frequently charge 8% to 12% over the interbank baseline.
Central Bank Oversight & Policy: Monetary policy decisions, policy interest rate differentials, and currency reserves managed by Federal Reserve System (Fed) and Central Bank of Nigeria (CBN) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between United States and Nigeria exceeding equivalent to 10,000 USD or EUR are legally required to file written declarations with border authorities.
Avoid Dynamic Currency Conversion (DCC): When using payment cards abroad or withdrawing cash from ATMs, always elect to be billed in the local currency (NGN) rather than your home billing currency to bypass costly DCC conversion markups.

LocalExchangeRates aggregates real-time wholesale interbank benchmarks to provide users with transparent, independent currency valuation.

Frequently Asked Questions: United States Dollar to Nigerian Naira Conversion

Common questions regarding United States Dollar to Nigerian Naira conversion, bank spreads, and transfer costs.

How much is 1,000 USD in NGN today?

At the current mid-market exchange rate (1 USD = 1327.5289 NGN), 1,000 United States Dollar equals approximately 1,327,528.87 Nigerian Naira. Retail exchange bureaus and commercial banks typically apply a 1.5% to 3.5% transaction spread.

Where can I get the best exchange rate for United States Dollar?

To secure the best rates, avoid airport currency kiosks which routinely apply markups exceeding 8% to 12%. Converting currency at major commercial banks or using a low-fee multi-currency card typically delivers the closest rate to the mid-market benchmark.

Are there cash declaration limits when traveling with USD?

Most international customs jurisdictions mandate a formal declaration when carrying physical cash or negotiable instruments exceeding the equivalent of 10,000 USD or EUR. Check with local customs authority (Federal Reserve System (Fed)) prior to departure.

Does the exchange rate fluctuate during weekends?

Global interbank foreign exchange markets close on Friday evening (5:00 PM EST) and reopen on Sunday evening. Over the weekend, rates remain static at the Friday close, though retail providers may widen spreads to offset volatility risks.

How is the mid-market exchange rate calculated?

The mid-market exchange rate is the exact midpoint between global wholesale institutional buy (bid) and sell (ask) quotes. It serves as the global benchmark without any added retail broker or banking markup.