Average FX rate to USD rose 6.19% to 426 per USD in Nigeria in 2022, according to the National Statistical Office.
Historically, Average FX rate to USD in Nigeria reached an all time high of 426 per USD in 2022 and an all time low of 0.547 per USD in 1980. When compared to Nigeria's main peers, Average FX rate to USD in Benin amounted to 623 per USD, 624 per USD in Cameroon, 624 per USD in Chad and 624 per USD in Niger in 2022.
Nigeria has been ranked 43rd within the group of 148 countries we follow in terms of Average FX rate to USD, 4 places above the position seen 10 years ago.
| FX Rate to USD (Average) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Algeria | per USD | 111 | 117 | 119 | 127 | 135 | ||||||||||||||||
| Benin | per USD | 581 | 555 | 586 | 574 | 555 | ||||||||||||||||
| Burkina Faso | per USD | 581 | 555 | 586 | 576 | 555 | ||||||||||||||||
| Cameroon | per USD | 581 | 555 | 586 | 576 | 555 | ||||||||||||||||
| Central African Republic | per USD | 581 | 555 | 586 | 576 | 555 | ||||||||||||||||
| Chad | per USD | 581 | 555 | 586 | 576 | 555 | ||||||||||||||||
| Gabon | per USD | 581 | 555 | 586 | 576 | 555 | ||||||||||||||||
| Libya | per USD | 1.39 | 1.36 | 1.40 | 1.39 | 4.51 | ||||||||||||||||
| Mali | per USD | 581 | 555 | 586 | 576 | 555 | ||||||||||||||||
| Niger | per USD | 581 | 555 | 586 | 576 | 555 | ||||||||||||||||
| Nigeria | per USD | 306 | 306 | 307 | 359 | 401 | ... | |||||||||||||||
| Sudan | per USD | 6.68 | 24.3 | 45.8 | 54.0 | 371 | ... | |||||||||||||||
| Togo | per USD | 581 | 555 | 586 | 576 | 555 |
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