Average FX rate to USD rose 74.9% yoy to 762 per USD in Nigeria in September 2023, according to the National Statistical Office. This is 0.013% less than in the previous month.
Historically, Average FX rate to USD in Nigeria reached an all time high of 770 per USD in July 2023 and an all time low of 0.530 per USD in November 1980. When compared to Nigeria's main peers, Average FX rate to USD in Benin amounted to 614 per USD, 614 per USD in Cameroon, 614 per USD in Chad and 614 per USD in Niger in September 2023.
Nigeria has been ranked 15th within the group of 139 countries we follow in terms of Average FX rate to USD, 30 places above the position seen 10 years ago.
| FX Rate to USD (Average) | Unit | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 |
| Algeria | per USD | 135 | 136 | 136 | 135 | 136 | ||||||||||||||||
| Benin | per USD | 598 | 604 | 605 | 593 | 601 | ||||||||||||||||
| Burkina Faso | per USD | 598 | 604 | 605 | 593 | 601 | ||||||||||||||||
| Cameroon | per USD | 598 | 604 | 605 | 593 | 601 | ||||||||||||||||
| Central African Republic | per USD | 598 | 604 | 605 | 593 | 601 | ||||||||||||||||
| Chad | per USD | 598 | 604 | 605 | 593 | 601 | ||||||||||||||||
| Gabon | per USD | 598 | 604 | 605 | 593 | 601 | ||||||||||||||||
| Libya | per USD | 4.77 | 4.79 | 4.81 | 4.78 | 4.81 | ... | ... | ||||||||||||||
| Mali | per USD | 598 | 604 | 605 | 593 | 601 | ||||||||||||||||
| Niger | per USD | 598 | 604 | 605 | 593 | 601 | ||||||||||||||||
| Nigeria | per USD | 461 | 462 | 611 | 770 | 762 | ... | |||||||||||||||
| Sudan | per USD | ... | ... | ... | ... | ... | ... | ... | ... | |||||||||||||
| Togo | per USD | 598 | 604 | 605 | 593 | 601 |
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