NGN to USD - Naira USD

Convert your NGN to USD free

NGN to USD Comparison Table

Feature	NGN (Nigerian Naira)	USD (US Dollar)
Currency Code	NGN	USD
Symbol	₦	$
Issuing Authority	Central Bank of Nigeria	Federal Reserve System
Economic Strength	Developing, resource-based economy	Developed, diversified economy
Exchange Rate Volatility	High	Relatively stable (global reserve currency)
Popular Use Cases	Domestic transactions, remittances	Global transactions, investment
Digital Payment Adoption	Growing adoption, mobile money prominent	High adoption, advanced infrastructure
Inflation Rate	Historically high	Generally low
Interest Rates	High	Lower than Nigeria
Foreign Exchange Reserves	Moderate	Substantial
Foreign Direct Investment (FDI)	Increasing, resource-focused	Significant, various sectors

African Currencies	Asian Currencies
NGN to ZAR NGN to SDG NGN to SZL NGN to TND	NGN to INR NGN to IQD NGN to IRR NGN to ISK

European Currencies	Oceania Currencies
NGN to RON NGN to RSD NGN to SEK NGN to TRY	NGN to AUD NGN to FJD NGN to NZD NGN to PGK

The United States Dollar (USD) is the world’s primary reserve currency.

Global Dominance: The US Dollar reigns supreme as the world’s primary currency for international trade and finance. www.imf.org
Fiat Currency: Unlike many historical currencies backed by gold or silver, the US Dollar derives its value from the government’s trust and economic strength.
Federal Reserve: The Federal Reserve, the central bank of the United States, is responsible for monetary policy, which influences the value and supply of the US Dollar. Federal Reserve System | USAGov
Symbol of Economic Power: The US Dollar often symbolizes American economic and political dominance.
Subdivisions: The US Dollar is divided into 100 cents.
Counterfeiting Measures: The US government employs advanced security features to combat counterfeiting.
Dollarization: Many countries adopt the US Dollar as their official currency (dollarization) or use it as a parallel currency due to its stability and acceptance.