Official exchange rate in Nigeria
Nigeria: Official exchange rate was 1,518 LCU per US$, period average in 2025. ◆ Volatile
Official exchange rate in Nigeria, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$, period average.
Analysis
In 2025, official exchange rate in Nigeria stood at 1,518 LCU per US$, period average. That is the highest value across all 66 years on record.
The figure is up 2.7% on the previous year and up 689.0% over ten years.
Over the whole period, official exchange rate in Nigeria peaked at 1,518 LCU per US$, period average in 2025 and was at its lowest, 0.5468 LCU per US$, period average, in 1980.
That places Nigeria 21st out of 214 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.7143 LCU per US$, period average | 0.7143 LCU per US$, period average | 0.7143 LCU per US$, period average | 10 |
| 1970s | 0.6499 LCU per US$, period average | 0.604 LCU per US$, period average | 0.7143 LCU per US$, period average | 10 |
| 1980s | 2.19 LCU per US$, period average | 0.5468 LCU per US$, period average | 7.36 LCU per US$, period average | 10 |
| 1990s | 25.92 LCU per US$, period average | 8.04 LCU per US$, period average | 92.34 LCU per US$, period average | 10 |
| 2000s | 124.88 LCU per US$, period average | 101.7 LCU per US$, period average | 148.88 LCU per US$, period average | 10 |
| 2010s | 214.23 LCU per US$, period average | 150.3 LCU per US$, period average | 306.92 LCU per US$, period average | 10 |
| 2020s | 804.75 LCU per US$, period average | 358.81 LCU per US$, period average | 1,518 LCU per US$, period average | 6 |
Countries ranked near Nigeria
- 18 Tanzania 2,598 LCU per US$, period average compare
- 19 Syria 2,506 LCU per US$, period average compare
- 20 South Sudan 2,163 LCU per US$, period average compare
- 22 Rwanda 1,428 LCU per US$, period average compare
- 23 South Korea 1,422 LCU per US$, period average compare
- 24 Myanmar 1,382 LCU per US$, period average compare
More financial sector data for Nigeria
- Net migration -15,258 (2025)
- Total reserves in months of imports 7.12 (2025)
- Net domestic credit 66.12 trillion current LCU (2022)
- Domestic credit to private sector by banks 13.1% (2023)
- Broad money 25.1% (2023)
- Net foreign assets 3.79 trillion current LCU (2022)
- Monetary Sector credit to private sector 9.6% (2022)
- Domestic credit to private sector 9.6% (2022)
- Claims on central government, etc. 8.6% (2022)
- Claims on central government 22.2% (2022)
Frequently asked questions
- What is official exchange rate in Nigeria?
- Official exchange rate in Nigeria was 1,518 LCU per US$, period average in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest official exchange rate recorded in Nigeria?
- The highest recorded value was 1,518 LCU per US$, period average in 2025.
- What is the lowest official exchange rate recorded in Nigeria?
- The lowest recorded value was 0.5468 LCU per US$, period average in 1980.
- How does Nigeria rank for official exchange rate?
- Nigeria ranks 21st out of 214 countries with data for 2025.
- Is official exchange rate rising or falling in Nigeria?
- Over the last ten years it is up 689.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
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About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.