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Exchange rates: the naira against the world’s top currencies
Official and street rates, the gap between them, and the reserves and yields behind the naira.
Official vs. parallel market
Official rates are the Nigerian Foreign Exchange Market (NFEM) close for 30 Oct 2026. Parallel rates are Lagos street quotes.
Naira per unit of the world's ten most traded currencies
As of 30 Oct 2026| Currency | Official (NFEM) | Parallel buy | Parallel sell |
|---|---|---|---|
| USDUS dollar1 $ | ₦1,346.86 | ₦1,375.00 | ₦1,385.00 |
| EUREuro | ₦1,503.77cross | — | |
| JPYJapanese yen | ₦8.51cross | — | |
| GBPBritish pound | ₦1,802.77cross | — | |
| CNYChinese yuan | ₦201.89cross | — | |
| CHFSwiss franc | ₦1,644.72cross | — | |
| AUDAustralian dollar | ₦925.42cross | — | |
| CADCanadian dollar | ₦957.53cross | — | |
| HKDHong Kong dollar | ₦171.85cross | — | |
| SGDSingapore dollar | ₦1,050.92cross | — | |
Ranked by share of global foreign-exchange trading (BIS Triennial Survey, April 2025). Only the US dollar trades in volume at the NFEM; the other rates are indicative crosses.
How far the street sell rate sits above the official window 2.83%
Currency converter
Choose the rate you will actually get.
Official rate: Nigerian Foreign Exchange Market (NFEM), 30 Oct 2026. Parallel rates: Lagos street-market survey as reported in the press; they vary by city and dealer. Rates for the other currencies are indicative crosses from the NFEM dollar rate and the global reference rates (EUR/USD 1.1165, GBP/USD 1.3385; ECB reference rates, 6 Nov 2026). For information only, not an offer to trade.
% change against the US dollar
A positive figure means the naira gained (fewer naira per dollar); negative means it lost value.
Weekly, monthly and 12-month changes use the CBN's daily NFEM weighted average. Annual and 10-year changes use annual averages (CBN).
Daily official and parallel rates
Official: the CBN's NFEM weighted average for each business day. Parallel: Lagos street selling rate, where recorded. The charts show naira per dollar, so a rising line means a weaker naira, and "Change since" is the change in the rate itself (shown in red when the naira weakened).
The naira since 2001
Monthly averages of the CBN's official rates. The steps in 2016, 2020 and 2023–24 are devaluations and the move to a market-determined rate.
Year by year: annual average official rates
| 2025 | 1,517.87 | -2.60% | 2,000.91 | 1,714.15 | 211.0117 |
| 2024 | 1,478.34 | -56.44% | 1,890.08 | 1,599.50 | 204.4928 |
| 2023 | 644.00 | -34.27% | 804.27 | 696.82 | 90.4586 |
| 2022 | 423.32 | -5.77% | 523.48 | 446.04 | 62.9367 |
| 2021 | 398.87 | -10.65% | 548.65 | 471.80 | 61.8356 |
| 2020 | 356.40 | -14.02% | 457.48 | 407.43 | 51.7090 |
| 2019 | 306.42 | -0.27% | 391.31 | 343.17 | 44.3663 |
| 2018 | 305.58 | -0.10% | 408.11 | 361.02 | 46.2371 |
| 2017 | 305.29 | -17.13% | 393.47 | 344.78 | 45.1722 |
| 2016 | 253.00 | -23.89% | 338.90 | 279.56 | 37.9586 |
| 2015 | 192.55 | -18.73% | 294.52 | 213.68 | 30.6351 |
| 2014 | 156.48 | -0.78% | 257.75 | 207.91 | 25.3890 |
| 2013 | 155.25 | +0.12% | 242.90 | 206.25 | 25.2430 |
| 2012 | 155.44 | -2.32% | 246.43 | 199.90 | 24.6356 |
| 2011 | 151.83 | -2.31% | 243.48 | 211.39 | 24.6831 |
| 2010 | 148.31 | -1.00% | 229.32 | 196.92 | |
| 2009 | 146.82 | -20.18% | 229.95 | 204.78 | |
| 2008 | 117.19 | +5.91% | 216.56 | 172.28 | |
| 2007 | 124.12 | +2.23% | 248.37 | 169.84 | |
| 2006 | 126.89 | +3.34% | 233.79 | 159.38 |
Annual averages of the monthly figures, full years only. "Change vs US$" is the naira's gain (+) or loss (−) against the dollar on the year before. Source: Central Bank of Nigeria; calculations by Eco Data Technologies. Download the monthly data · Download the daily NFEM data
What ₦100,000 buys in US dollars
What to watch next
We do not publish exchange-rate forecasts. These are the events most likely to move the naira.
CBN policy decisions
Monetary Policy Committee meetings and any change to FX market rules or interventions.
External reserves
The CBN's ability to supply dollars; a rising trend usually supports the naira.
Oil prices and output
Crude exports earn most of Nigeria's foreign exchange.
Dollar demand
Import bills, school fees abroad, debt repayments and portfolio outflows, especially at year-end.
Diaspora remittances
Inflows from Nigerians abroad add to dollar supply.
Inflation and interest rates
High yields attract foreign portfolio money; falling inflation reduces pressure on the naira.
Follow the naira every week
Our weekly report brings the official and parallel rates, the gap between them and the week's change to your inbox every Monday, with an extra email when something big happens.
What moves the naira
Reserves
Gross external reserves of $55.07bn (9 Oct 2026) give the CBN room to smooth volatility.
Interest rates
A 23% policy rate (reset in September 2026) and T-bill yields near 15–16% keep portfolio inflows coming, which supports the naira.
Oil
Crude prices and output drive most export earnings and the supply of dollars.