120Nigerian naira to US dollar exchange rate
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NGN to USD
1 NGN = 0.000731992 USD
09:31 Exchange Rate
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NGN to USD AI Predictive Analysis
XTransfer is China’s leading B2B cross-border trade finance platform. It provides small, medium, and micro enterprises with secure, convenient, and low-cost international payment collection solutions—zero account-opening fees and zero transaction fees. New users can register to receive up to RMB 200,000 in free foreign-exchange settlement quota. The current NGN/USD market is volatile, focusing on economic fundamentals and policy trends. AI prediction can help users grasp trends and improve decision-making efficiency.
As of March 12, 2026
| Forecast Time Range: | The next 1-2 weeks |
| Operating Recommendations: | Adopt a wait-and-see approach and position yourself when the timing is right. |
| Market sentiment: | Cautiously optimistic |
| Analysis of influencing factors: | Federal Reserve policy, inflation data |
| Technical Brief Analysis: | Weak short-term shocks |
| Recent volatility: | 0.000005 |
| Potential resistance level: | 0.000722 |
| AI Confidence Index: | Medium |
| Potential support level: | 0.000715 |
| trend prediction: | The next 1-2 weeks |
AI analysis is for reference only. Please judge based on actual conditions.
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AI-integrated, for reference only1 USD to CNY Historical Exchange Rate Trends
1 USD = -- CNY
22:17 Exchange Rate
Nigerian naira Exchange Rate Conversion Table
NGN - Nigerian Naira
The naira was introduced in 1973 as a replacement for the Nigerian pound. The NGN plays a central role in Africa's largest economy, supporting a diversified economy, particularly the oil and agriculture industries.
- Supporting unit:1 Naira = 100 Kobo
- Denomination of banknotes:5, 10, 20, 50, 100, 200, 500, 1000 Naira
- Reserve currency:No, the primary reserves consist of foreign currencies such as USD, EUR, and RMB.
- Banknote material:Most are paper-based, while some small denominations are made of polymer.
- Metal composition:Nickel-plated steel core, copper alloy, aluminum alloy, etc.
- Currency symbol:₦
- Paper currency size:For example, 1000 Naira is approximately 151mm × 78mm.
- language:en
- Main unit:Naira
- ISO code:NGN
- Currency name:Nigerian Naira
- Exchange Rate System:Regulated floating exchange rate system
- Central Bank:Central Bank of Nigeria
- Safe-haven currency:No, there are significant fluctuations in exchange rates and strong capital controls.
- Coin denomination:50 Cobos, 1, 2 Naira (seldom used).
- Countries of Use:Nigeria is the only country where it is used officially.
- Cross-border payment:Naira is not freely convertible in the international market and is primarily settled through the SWIFT network and banking intermediaries. Cross-border payments often use the US dollar or euro as intermediary currencies, which limits efficiency.
USD - Dollar
The US dollar officially became the official currency of the United States in 1792, initially adopting the gold and silver standard. After World War II, the US dollar became the world's main reserve currency in the Bretton Woods system. In 1971, the United States abolished the peg of the US dollar to gold and switched to a floating exchange rate. Today, the US dollar is still the dominant currency in global trade, investment and financial markets, enjoying a high degree of international credit and widespread use.
- Supporting unit:1 cent
- Denomination of banknotes:$1, $5, $10, $20, $50, $100
- Reserve currency:The US dollar is the world's primary reserve currency.
- Banknote material:Made primarily of 75% cotton and 25% linen.
- Metal composition:Alloys such as copper, nickel, and zinc
- Currency symbol:$ or US$
- Paper currency size:156mm × 66mm (All denominations have the same size)
- language:en
- Main unit:1 US dollar
- ISO code:USD
- Currency name:US dollar
- Cents per dollar:100
- Exchange Rate System:Floating exchange rate system
- Central Bank:Federal Reserve System
- Safe-haven currency:The US dollar is usually regarded as a safe-haven currency.
- Coin denomination:1¢, 5¢, 10¢, 25¢, 50¢, $1
- Countries of Use:The United States (including some overseas territories) and certain countries and regions that use the US dollar as their official or circulating currency.
- Cross-border payment:The dollar cross-border payment network covers approximately 200 countries and regions worldwide.
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