Official exchange rate in Nigeria
Nigeria: Official exchange rate was 158.27 LCU per US$, end period in 2011. ◆ Volatile
Official exchange rate in Nigeria, 1960–2011
Source: International Monetary Fund, International Financial Statistics. Measured in LCU per US$, end period.
Analysis
In 2011, official exchange rate in Nigeria stood at 158.27 LCU per US$, end period. That is the highest value across all 52 years on record.
That represents a change of up 5.0% on the previous year and up 40.1% over ten years.
Over the whole period, official exchange rate in Nigeria peaked at 158.27 LCU per US$, end period in 2011 and was at its lowest, 0.5445 LCU per US$, end period, in 1980.
That places Nigeria 29th out of 51 countries with data for 2011, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.7143 LCU per US$, end period | 0.7143 LCU per US$, end period | 0.7143 LCU per US$, end period | 10 |
| 1970s | 0.6421 LCU per US$, end period | 0.5605 LCU per US$, end period | 0.7143 LCU per US$, end period | 10 |
| 1980s | 2.49 LCU per US$, end period | 0.5445 LCU per US$, end period | 7.65 LCU per US$, end period | 10 |
| 1990s | 26.79 LCU per US$, end period | 9 LCU per US$, end period | 97.95 LCU per US$, end period | 10 |
| 2000s | 127.51 LCU per US$, end period | 109.55 LCU per US$, end period | 149.58 LCU per US$, end period | 10 |
| 2010s | 154.46 LCU per US$, end period | 150.66 LCU per US$, end period | 158.27 LCU per US$, end period | 2 |
Countries ranked near Nigeria
- 26 Mauritania 288.5 LCU per US$, end period compare
- 28 Malawi 163.75 LCU per US$, end period compare
- 30 Angola 95.27 LCU per US$, end period compare
- 31 Kenya 85.07 LCU per US$, end period compare
- 32 Cape Verde 84.99 LCU per US$, end period compare
More reference data data for Nigeria
- Spring temperature anomalies 0.3216 °C (2026)
- Summer temperature anomalies 0.3105 °C (2026)
- Temperature anomalies by month 1.8 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.4187 °C (2025)
- Winter temperature anomalies 1.76 °C (2025)
- Consumer price index 860.32 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 0 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is official exchange rate in Nigeria?
- Official exchange rate in Nigeria was 158.27 LCU per US$, end period in 2011, according to International Monetary Fund, International Financial Statistics.
- What is the highest official exchange rate recorded in Nigeria?
- The highest recorded value was 158.27 LCU per US$, end period in 2011.
- What is the lowest official exchange rate recorded in Nigeria?
- The lowest recorded value was 0.5445 LCU per US$, end period in 1980.
- How does Nigeria rank for official exchange rate?
- Nigeria ranks 29th out of 51 countries with data for 2011.
- Is official exchange rate rising or falling in Nigeria?
- Over the last ten years it is up 40.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, International Financial Statistics, published as part of Official exchange rate (LCU per US$, end period). 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 series shows the end period value of local currency units relative to the U.S. dollar.