FX rate to USD at the end of period rose 76.8% yoy to 769 per USD in Nigeria in September 2023, according to the National Statistical Office. This is 1.55% more than in the previous month.
Historically, FX rate to USD at the end of period in Nigeria reached an all time high of 771 per USD in June 2023 and an all time low of 0.528 per USD in October 1980. When compared to Nigeria's main peers, FX rate to USD at the end of period in Benin amounted to 619 per USD, 619 per USD in Cameroon, 619 per USD in Chad and 619 per USD in Niger in September 2023.
Nigeria has been ranked 15th within the group of 139 countries we follow in terms of FX rate to USD at the end of period, 30 places above the position seen 10 years ago.
| FX Rate to USD (End of Period) | 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 | 137 | 136 | 135 | 136 | ||||||||||||||||
| Benin | per USD | 597 | 614 | 604 | 595 | 604 | ||||||||||||||||
| Burkina Faso | per USD | 597 | 614 | 604 | 595 | 604 | ||||||||||||||||
| Cameroon | per USD | 597 | 614 | 604 | 595 | 604 | ||||||||||||||||
| Central African Republic | per USD | 597 | 614 | 604 | 595 | 604 | ||||||||||||||||
| Chad | per USD | 597 | 614 | 604 | 595 | 604 | ||||||||||||||||
| Gabon | per USD | 597 | 614 | 604 | 595 | 604 | ||||||||||||||||
| Libya | per USD | 4.76 | 4.83 | 4.81 | 4.78 | 4.82 | ... | ... | ||||||||||||||
| Mali | per USD | 597 | 614 | 604 | 595 | 604 | ||||||||||||||||
| Niger | per USD | 597 | 614 | 604 | 595 | 604 | ||||||||||||||||
| Nigeria | per USD | 460 | 466 | 771 | 758 | 758 | ... | |||||||||||||||
| Sudan | per USD | ... | ... | ... | ... | ... | ... | ... | ... | |||||||||||||
| Togo | per USD | 597 | 614 | 604 | 595 | 604 |
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