Nigerian Naira  1960-2016 | Data | Chart | Calendar | Forecast | News

The naira hit a new record low against the USD on Friday, weakening beyond 300 for the first time ever. Last month, the central bank switched to a market-driven currency system amid a dollar shortage and falling foreign exchange reserves and the naira has been losing since then. It traded near 4% lower to 305 per dollar around 5:20 PM London time and reached 375 per dollar on the black market. . The USDNGN changed +7.39% during the last week, +7.96% during the last month and +53.38% during the last year. Historically, the Nigerian Naira reached an all time high of 305 in July of 2016 and a record low of 0.53 in September of 1980.

Nigerian Naira
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Actual Previous Highest Lowest Dates Unit Frequency
305.00 293.50 305.00 0.53 1960 - 2016 Daily
The USDNGN spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the NGN. While the USDNGN spot exchange rate is quoted and exchanged in the same day, the USDNGN forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Nigerian Naira - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigerian Naira - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Nigeria Markets Last Previous Highest Lowest Unit
Currency 305.00 293.50 305.00 0.53 [+]
Stock Market 27659.00 27997.00 43031.83 19785.03 points [+]
Government Bond 10y 15.58 15.09 102.26 2.06 percent [+]