Currency Converter: 1 NGN to USD

The Nigerian Naira to Dollar exchange rate shows how much one Nigerian Naira is worth in Dollar. It changes often based on things like interest rates, inflation, and global events. If the rate is 0.0006, that means 1 Nigerian Naira equals 0.0006 Dollars. When the Nigerian Naira gets stronger, you get more Dollars for your Nigerian Nairas. When it weakens, you get less. People and businesses use these rates when trading, traveling, or sending money across countries.

As of 20-06-2025, the Nigerian Naira to Dollar exchange rate is approximately 1 Nigerian Naira = 0.0006 Dollars. This means if you exchange 1 Nigerian Naira , you'll receive about 0.0006 Dollars. Keep in mind, exchange rates can change throughout the day due to market conditions.

Yes, the Nigerian Naira to Dollar exchange rate changes every day. It moves based on factors like economic news, interest rates, trade, and global events. Because these factors keep shifting, the rate can go up or down throughout the day and from one day to the next. This constant change is why the exchange rate you see today might be different tomorrow.

Here’s a simple explanation of each factor affecting the Nigerian Naira to Dollar exchange rate. All these factors work together to push the Nigerian Naira Dollar exchange rate up or down.

• Interest Rates: When a country’s central bank raises interest rates, saving or investing there becomes more attractive because you earn more money. For example, if Europe’s rates go up, more people want Nigerian Nairas to invest, so the Nigerian Naira ’s value rises compared to the Dollar.
• Inflation: Inflation means prices for goods and services go up. If inflation is low, the currency keeps its buying power. High inflation makes money less valuable, so a country with lower inflation usually has a stronger currency.
• Economic Performance: If Europe’s economy is doing well—lots of jobs, good business growth—investors feel confident buying Nigerian Nairas. That demand pushes the Nigerian Naira ’s value higher against the Dollar.
• Political Stability: Stable governments make investors feel safe. If Europe is politically calm, more people want Nigerian Nairas. Political troubles or uncertainty scare investors, which can weaken the Nigerian Naira .
• Trade Balance: If Europe sells more goods to other countries than it buys (a trade surplus), there’s more demand for Nigerian Nairas because buyers need Nigerian Nairas to pay. This demand can raise the Nigerian Naira ’s value.
• Market Sentiment: Traders react quickly to news, rumors, or global events. If people expect the Nigerian Naira to get stronger, they buy Nigerian Nairas now, which can actually make the Nigerian Naira stronger. This is why exchange rates can sometimes jump suddenly.