Exchange rate, old LCU per USD extended forward, period average in Nigeria
Nigeria: Exchange rate, old LCU per USD extended forward, period average was 1,373 in 2026. ◆ Volatile
Exchange rate, old LCU per USD extended forward, period average in Nigeria, 1987–2026
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
Nigeria recorded 1,373 for exchange rate, old lcu per usd extended forward, period average in 2026.
Compared with earlier readings it is down 9.7% on the previous year and up 430.9% over ten years.
Over the whole period, exchange rate, old lcu per usd extended forward, period average in Nigeria peaked at 1,521 in 2025 and was at its lowest, 4.02, in 1987.
Nigeria ranks 29th of 182 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Exchange rate, old LCU per USD extended forward, period average in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1987 | 4.02 | — |
| 1988 | 4.54 | +13.0% |
| 1989 | 7.37 | +62.3% |
| 1990 | 8.04 | +9.1% |
| 1991 | 9.91 | +23.3% |
| 1992 | 17.3 | +74.6% |
| 1993 | 22.07 | +27.6% |
| 1994 | 21.99 | -0.3% |
| 1995 | 21.98 | -0.1% |
| 1996 | 21.92 | -0.2% |
| 1997 | 21.89 | -0.1% |
| 1998 | 21.89 | -0.0% |
| 1999 | 94.51 | +331.7% |
| 2000 | 104.97 | +11.1% |
| 2001 | 115.62 | +10.1% |
| 2002 | 122.38 | +5.8% |
| 2003 | 133.04 | +8.7% |
| 2004 | 133.92 | +0.7% |
| 2005 | 132.21 | -1.3% |
| 2006 | 128.5 | -2.8% |
| 2007 | 125.7 | -2.2% |
| 2008 | 119.01 | -5.3% |
| 2009 | 149.77 | +25.8% |
| 2010 | 151.03 | +0.8% |
| 2011 | 155.87 | +3.2% |
| 2012 | 158.83 | +1.9% |
| 2013 | 159.25 | +0.3% |
| 2014 | 165.17 | +3.7% |
| 2015 | 197.87 | +19.8% |
| 2016 | 258.51 | +30.6% |
| 2017 | 334.04 | +29.2% |
| 2018 | 361.68 | +8.3% |
| 2019 | 361.11 | -0.2% |
| 2020 | 381.1 | +5.5% |
| 2021 | 407.16 | +6.8% |
| 2022 | 426.07 | +4.6% |
| 2023 | 638.43 | +49.8% |
| 2024 | 1,487 | +132.8% |
| 2025 | 1,521 | +2.3% |
| 2026 | 1,373 | -9.7% |
Nigeria compared with similar countries
- Nigeria's 1,373 is above the median for lower middle income countries, which is 129.28, 10.6× the median. (45 countries reporting)
- Nigeria's 1,373 is above the median for Sub-Saharan Africa, which is 563.92, 2.4× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Exchange rate, old LCU per USD extended forward, period average in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +331.7% | 21.89 | 94.51 |
| 2024 | +132.8% | 638.43 | 1,487 |
| 1992 | +74.6% | 9.91 | 17.3 |
| 1989 | +62.3% | 4.54 | 7.37 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.31 | 4.02 | 7.37 | 3 |
| 1990s | 26.15 | 8.04 | 94.51 | 10 |
| 2000s | 126.51 | 104.97 | 149.77 | 10 |
| 2010s | 230.34 | 151.03 | 361.68 | 10 |
| 2020s | 890.35 | 381.1 | 1,521 | 7 |
Countries ranked near Nigeria
More reference data data for Nigeria
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.77 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 19.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 27 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.62 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 27 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 5.94 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 5.8 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 81.9 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 121.16 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 14.27 (2050)
Frequently asked questions
- What is exchange rate, old lcu per usd extended forward, period average in Nigeria?
- Exchange rate, old lcu per usd extended forward, period average in Nigeria was 1,373 in 2026, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest exchange rate, old lcu per usd extended forward, period average recorded in Nigeria?
- The highest recorded value was 1,521 in 2025.
- What is the lowest exchange rate, old lcu per usd extended forward, period average recorded in Nigeria?
- The lowest recorded value was 4.02 in 1987.
- How does Nigeria rank for exchange rate, old lcu per usd extended forward, period average?
- Nigeria ranks 29th out of 182 countries with data for 2026.
- Is exchange rate, old lcu per usd extended forward, period average rising or falling in Nigeria?
- Over the last ten years it is up 430.9%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Exchange rate, old LCU per USD extended forward, period average. Statizoid updates them automatically from the source API.
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About this data
Local currency units (LCU) per U.S. dollar, with values after a new currency's introduction presented in the old currency's terms