Annual average exchange rate of USD in Nigerian naira 2017-2023

Published by
Doris Dokua Sasu,
Feb 13, 2024
As of 2023, one U.S. dollar was forecast to be exchanged for 638.7 Nigerian nairas (NGN) on average. In the preceding year, the rate was estimated at 389.9 NGN, while in 2022, it was reported at 423.9 NGN. By the steadily increasing exchange rate since 2017, on average a person with 100 U.S. dollars was expected to receive approximately 42,390 NGN in 2022.

Annual average exchange rate of one U.S dollar in Nigerian naira (NGN) from 2017 to 2023

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Release date

October 2023

Region

Nigeria

Survey time period

2017 to 2023

Supplementary notes

* Estimates.
Figures have been rounded.

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