The exchange rate between the US Dollar and the Nigerian Naira stands at ₦1,600.80 to $1 as of today, April 17, 2025. This represents a marginal appreciation of the Naira, marking a -0.432% change from the previous day’s rate.

Over the past seven days, the Naira has shown some resilience, registering an overall -2.094% decline in the Dollar’s value against it. This indicates a relatively stable performance considering the economic pressures typically influencing the foreign exchange market.

During the week, the exchange rate saw fluctuations within a narrow band. The highest recorded rate was ₦1,636.71 on April 10, 2025, while the lowest was ₦1,589.45 on April 14, 2025. The most significant single-day movement occurred on April 10, when the Dollar weakened by -2.252% against the Naira.

These figures reflect ongoing efforts by monetary authorities and market dynamics to stabilize the local currency amid global financial shifts and domestic economic reforms. The Central Bank of Nigeria (CBN) continues to monitor the forex market, even as demand and supply pressures play a crucial role in rate determination.

Current Exchange Rate Snapshot:

  • 1 USD = ₦1,600.7991
  • 1 NGN = $0.00062469

Sample Conversion Table:

The exchange rate updates are based on the latest data from the Central Bank of Nigeria as of Thursday, April 17, 2025, at 08:00 AM (WAT).

As the Naira continues to respond to policy reforms and global market movements, both individuals and businesses are advised to stay informed and monitor trends for better financial planning.