Nigeria Exchange Rate
Official exchange rate (LCU per US$, period average) PA.NUS.FCRF
Nigeria's exchange rate was 1,407.33 in 2025, ranked 21st globally. This represents a 4.8% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
Nigeria's exchange rate stood at 1,407.33 in 2025, a decline of +71.64 from 2024. Based on recent trends, this figure is projected to reach 1,407.33 by 2025. Nigeria ranked 21st globally.
Nigeria's exchange rate has fluctuated significantly over the 66 years of available data, with the latest value standing at 1,407.33. This places the country at 21st globally, closely ranked to Korea at 1,415.32. The exchange rate reached its all-time peak of 1,478.97 in 2024, while its all-time trough of 0.55 occurred in 1980. Compared to peer countries, Nigeria's exchange rate is lower than that of Yemen, Republic of, but higher than Iraq's 1,364.45. The country's exchange rate has been steadily increasing, with some fluctuations, since the trough in 1980. As Nigeria continues to navigate its economic challenges, a shift in the trend of its exchange rate would likely require significant changes in the country's monetary policy or a substantial improvement in its trade balance.
Data & projection
| Year | Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 1,904.20 | - | - |
| 2026* trend | 1,655.76 | - | - |
| 2025* trend | 1,407.33 | - | - |
| 2025 | 1,407.33 | −71.64 | #21 |
| 2024 | 1,478.97 | +833.77 | #181 |
| 2023 | 645.19 | +219.21 | #179 |
| 2022 | 425.98 | +24.83 | #162 |
| 2021 | 401.15 | +42.34 | #164 |
| 2020 | 358.81 | +51.89 | #164 |
| 2019 | 306.92 | +0.84 | #163 |
| 2018 | 306.08 | +0.29 | #165 |
| 2017 | 305.79 | +52.30 | #165 |
| 2016 | 253.49 | +61.05 | #163 |
| 2015 | 192.44 | +33.89 | #162 |
| 2014 | 158.55 | +1.24 | #162 |
| 2013 | 157.31 | −0.19 | #163 |
| 2012 | 157.50 | +3.64 | #163 |
| 2011 | 153.86 | +3.57 | #164 |
Detected Pattern
Analysis
Nigeria matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Nigeria's exchange rate was 1,407.33 in 2025. Ranked 21st globally. This represents a 4.8% decrease from the previous year.
Nigeria's exchange rate peaked at 1,478.97 in 2024.
The lowest exchange rate in Nigeria was 0.55 in 1980.
Nigeria ranks 21st globally in exchange rate as of 2025.
The World Bank indicator code is PA.NUS.FCRF. Data sourced from World Bank.
Nigeria's exchange rate is projected to reach 1,407.33 by 2025 based on trend extrapolation.
The exchange rate of Nigeria in 2025 was 1,407.33. This ranks 21st in the world.
Cite this page
@misc{historysaid_nigeria_exchange-rate,
title = {Nigeria Exchange Rate},
url = {https://historysaid.com/nigeria/exchange-rate/},
publisher = {HistorySaid},
year = {2026}
}