FX rate to USD as implied by PPP of GDP rose 11.7% to 185 per USD in Nigeria in 2024, according to the National Statistical Office.
Historically, FX rate to USD as implied by PPP of GDP in Nigeria reached an all time high of 185 per USD in 2024 and an all time low of 0.847 per USD in 1980. When compared to Nigeria's main peers, FX rate to USD as implied by PPP of GDP in Benin amounted to 203 per USD, 191 per USD in Cameroon, 208 per USD in Chad and 217 per USD in Niger in 2024.
Nigeria has been ranked 42nd within the group of 165 countries we follow in terms of FX rate to USD as implied by PPP of GDP, 5 places above the position seen 10 years ago.
| FX Rate to USD (Implied Based on PPP of GDP) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Algeria | per USD | 38.9 | 38.4 | 37.4 | 38.8 | 44.5 | ||||||||||||||||
| Benin | per USD | 216 | 210 | 212 | 211 | 205 | ||||||||||||||||
| Burkina Faso | per USD | 208 | 201 | 200 | 200 | 197 | ||||||||||||||||
| Cameroon | per USD | 223 | 215 | 205 | 193 | 193 | ||||||||||||||||
| Central African Republic | per USD | 279 | 267 | 250 | 242 | 239 | ||||||||||||||||
| Chad | per USD | 237 | 223 | 228 | 216 | 212 | ||||||||||||||||
| Gabon | per USD | 274 | 273 | 263 | 245 | 262 | ||||||||||||||||
| Libya | per USD | 0.810 | 0.860 | 0.843 | 1.76 | 2.35 | ||||||||||||||||
| Mali | per USD | 206 | 202 | 201 | 204 | 201 | ||||||||||||||||
| Niger | per USD | 252 | 232 | 223 | 213 | 207 | ||||||||||||||||
| Nigeria | per USD | 124 | 130 | 135 | 147 | 152 | ||||||||||||||||
| Sudan | per USD | 7.09 | 11.0 | 26.0 | 85.7 | 174 | ||||||||||||||||
| Togo | per USD | 229 | 219 | 208 | 202 | 197 |
Helgi Library 
