1,000,000 NGN = 631.58 USD August 11, 2024 04:00 PM UTC
One million Nigerian Nairas are worth $631.58 today as of 4:00 PM UTC.Check the latest currency exchange rates for the Nigerian Naira, US Dollar and all major world currencies. Our currency converter is simple to use and also shows the latest currency rates.
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1,000,000Nigerian Nairas=631.58US Dollars
1 NGN = 0.0006316 USD1 USD = 1,583.34 NGN
Last update 2024-8-11 4:00 PM UTC
InvertNGN to USD Conversion Chart
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This chart shows data from 2023-8-10 to 2024-8-9. The average exchange rate over this period was 0.0009623 US Dollars per Nigerian Naira.
What was the highest NGN to USD exchange rate in the lastyear?
The high point for the NGN/USD ratewas 0.001342 US Dollars per Nigerian Naira on September 12, 2023.
What was the lowest NGN to USD exchange rate in the lastyear?
The low point was 0.0006062 US Dollars per Nigerian Naira on August 1, 2024.
Is NGN up or down compared to USD in the lastyear?
The NGN/USD rate is down -51.42%. This means the Nigerian Naira has decreased in value compared to the US Dollar.
View History Table
NGN to USD Exchange Rates
| Last 30 Days | Last 90 Days | |
|---|---|---|
| High | $0.0006510 | $0.0007352 |
| Low | $0.0006062 | $0.0006062 |
| Avg | $0.0006269 | $0.0006585 |
| Volatility | -2.95% | -9.22% |
| Download History | ||
Convert NGN to USD
| Nigerian Naira | US Dollar |
| ₦1,000 | $0.6316 |
| ₦5,000 | $3.1579 |
| ₦10,000 | $6.3158 |
| ₦15,000 | $9.4737 |
| ₦20,000 | $12.632 |
| ₦25,000 | $15.789 |
| ₦50,000 | $31.579 |
| ₦100,000 | $63.158 |
| ₦500,000 | $315.79 |
| ₦1,000,000 | $631.58 |
| ₦2,500,000 | $1,578.94 |
| ₦5,000,000 | $3,157.89 |
| ₦10,000,000 | $6,315.77 |
| ₦25,000,000 | $15,789 |
| ₦50,000,000 | $31,579 |
| ₦100,000,000 | $63,158 |
Convert USD to NGN
| US Dollar | Nigerian Naira |
| $1 | ₦1,583.34 |
| $5 | ₦7,916.69 |
| $10 | ₦15,833 |
| $15 | ₦23,750 |
| $20 | ₦31,667 |
| $25 | ₦39,583 |
| $50 | ₦79,167 |
| $100 | ₦158,334 |
| $500 | ₦791,669 |
| $1,000 | ₦1,583,337 |
| $2,500 | ₦3,958,344 |
| $5,000 | ₦7,916,687 |
| $10,000 | ₦15,833,374 |
| $25,000 | ₦39,583,436 |
| $50,000 | ₦79,166,872 |
| $100,000 | ₦158,333,745 |
NGN to USD History Rates by Year
To view rates between the Nigerian Naira and the US Dollar for a particular year, click on one of the links below.
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
How to Convert Nigerian Nairas to US Dollars?
You can convert Nigerian Nairas to US Dollars by using the exchange-rates.org currency converter in just one easy step.Simply enter the amount of NGN you want to convert to USD in the box labeled "Amount", and you’re done!You’ll now see the value of the converted currency according to the most recent exchange rate.
NGN to USD Currency Converter - FAQs
How much is ₦1 in USD?
1 Nigerian Naira = 0.0006316 US Dollars as of August 11, 2024 04:00 PM UTC.You can get live exchange rates between Nigerian Nairas and US Dollars using exchange-rates.org,which aggregates real-time forex data from the most authoritative sources.
How much is ₦1,000,000 in USD?
1,000,000 Nigerian Nairas = 631.58 US Dollars as of August 11, 2024 04:00 PM UTC.
What was the highest NGN to USD exchange rate in the last 10 years?
In the last 10 years, the highest rate from Nigerian Nairas to US Dollars was on January 8, 2015 when each Nigerian Naira was worth $0.005556 USD.
When is the best time to convert NGN to USD?
The NGN and USD can be traded 24x5 starting from the time markets open on Monday mornings in Sydney all the way to the time markets close on Fridays at 5 pm in New York. Exchange rates can fluctuate by the minute while markets are open. However, the time between 3-4 PM GMT is often a good time to convert Nigerian Nairas to US Dollars because currency market liquidity and trading volume tend to be the highest during this time. Also, it’s best to convert Nigerian Nairas to US Dollars early in the week if you need US Dollars urgently. If you execute a trade late in the week, it might not settle until the following week given that forex markets are closed on weekends.
Which is stronger, NGN or USD?
The US Dollar is currently stronger than the Nigerian Naira given that 1 USD is equal to 1,583.34 NGN.Conversely, 1 NGN is worth 0.0006316 USD.
Is the Nigerian Naira up or down against the US Dollar?
The Nigerian Naira isdown -43.21%year to date against the US Dollar.In the last 10 years, the Nigerian Naira isdown -88.44%against the US Dollar.As a result, the Nigerian Naira haslostpurchasing power compared to the US Dollar over the last 10 years.
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