Convert United States Dollar to Nigerian Naira
Please provide values below to convert United States Dollar [USD] to Nigerian Naira [NGN], or Convert Nigerian Naira to United States Dollar.
How to Convert United States Dollar to Nigerian Naira
1 USD = 0.000653294639998396 NGN
Example: convert 15 USD to NGN:
15 USD = 15 × 0.000653294639998396 NGN = 0.00979941959997593 NGN
United States Dollar to Nigerian Naira Conversion Table
| United States Dollar | Nigerian Naira |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.