Average FX rate to USD rose 14.1% yoy to 1,580 per USD in Nigeria in 2Q2025, according to the National Statistical Office. This is 3.87% more than in the previous quarter.
Historically, Average FX rate to USD in Nigeria reached an all time high of 1,622 per USD in 4Q2024 and an all time low of 0.534 per USD in 4Q1980. When compared to Nigeria's main peers, Average FX rate to USD in Benin amounted to 579 per USD, 579 per USD in Cameroon, 579 per USD in Chad and 579 per USD in Niger in 2Q2025.
Nigeria has been ranked 7th within the group of 129 countries we follow in terms of Average FX rate to USD, 38 places above the position seen 10 years ago.
| FX Rate to USD (Average) | Unit | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| Algeria | per USD | 135 | 134 | 134 | 134 | 134 | ||||||||||||||||
| Benin | per USD | 610 | 604 | 609 | 597 | 615 | ||||||||||||||||
| Burkina Faso | per USD | 610 | 604 | 609 | 597 | 615 | ||||||||||||||||
| Cameroon | per USD | 610 | 604 | 609 | 597 | 615 | ||||||||||||||||
| Central African Republic | per USD | 610 | 604 | 609 | 597 | 615 | ||||||||||||||||
| Chad | per USD | 610 | 604 | 609 | 597 | 615 | ||||||||||||||||
| Gabon | per USD | 610 | 604 | 609 | 597 | 615 | ||||||||||||||||
| Libya | per USD | 4.85 | 4.82 | 4.86 | 4.80 | 4.85 | ||||||||||||||||
| Mali | per USD | 610 | 604 | 609 | 597 | 615 | ||||||||||||||||
| Niger | per USD | 610 | 604 | 609 | 597 | 615 | ||||||||||||||||
| Nigeria | per USD | 844 | 1,320 | 1,385 | 1,589 | 1,622 | ||||||||||||||||
| Sudan | per USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||||||||
| Togo | per USD | 610 | 604 | 609 | 597 | 615 |
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