Exchange Rate in Nigeria
The exchange rate ended 2022 at NGN 448 per USD, compared to the end-2021 value of NGN 411 per USD and the figure a decade earlier of NGN 160 per USD. For more exchange rate information, visit our dedicated page.
Nigeria Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for Nigeria from 2018 to 2023.
Source: Macrobond.
Nigeria Exchange Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Exchange Rate (NGN per USD, eop) | 307 | 380 | 413 | 449 | 899 |
| Exchange Rate (NGN per USD, aop) | 306 | 356 | 399 | 423 | 645 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Nigerian exchange rate projections for the next ten years from a panel of 13 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Nigerian exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Nigerian exchange rate projections.
Want to get access to the full dataset of Nigerian exchange rate forecasts? Send an email to info@focus-economics.com.