Statizoid

Official exchange rate in Nigeria

Nigeria: Official exchange rate was 158.27 LCU per US$, end period in 2011. ◆ Volatile

Latest (2011)
158.27 LCU per US$, end period
Change on year
up 5.0%
World rank
29th
of 51 countries
All-time high
158.27 LCU per US$, end period
in 2011
All-time low
0.5445 LCU per US$, end period
in 1980
Years of data
52
1960–2011

Official exchange rate in Nigeria, 1960–2011

050100150196019852011

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.

Official exchange rate in Nigeria, year by year

Year LCU per US$, end period Change
1960 0.7143 LCU per US$, end period —
1961 0.7143 LCU per US$, end period +0.0%
1962 0.7143 LCU per US$, end period +0.0%
1963 0.7143 LCU per US$, end period +0.0%
1964 0.7143 LCU per US$, end period +0.0%
1965 0.7143 LCU per US$, end period +0.0%
1966 0.7143 LCU per US$, end period +0.0%
1967 0.7143 LCU per US$, end period +0.0%
1968 0.7143 LCU per US$, end period +0.0%
1969 0.7143 LCU per US$, end period +0.0%
1970 0.7143 LCU per US$, end period +0.0%
1971 0.6579 LCU per US$, end period -7.9%
1972 0.6579 LCU per US$, end period +0.0%
1973 0.6579 LCU per US$, end period +0.0%
1974 0.6162 LCU per US$, end period -6.3%
1975 0.6267 LCU per US$, end period +1.7%
1976 0.6308 LCU per US$, end period +0.7%
1977 0.6514 LCU per US$, end period +3.3%
1978 0.6475 LCU per US$, end period -0.6%
1979 0.5605 LCU per US$, end period -13.4%
1980 0.5445 LCU per US$, end period -2.9%
1981 0.6369 LCU per US$, end period +17.0%
1982 0.6702 LCU per US$, end period +5.2%
1983 0.7486 LCU per US$, end period +11.7%
1984 0.8083 LCU per US$, end period +8.0%
1985 0.9996 LCU per US$, end period +23.7%
1986 3.32 LCU per US$, end period +231.8%
1987 4.14 LCU per US$, end period +24.8%
1988 5.35 LCU per US$, end period +29.3%
1989 7.65 LCU per US$, end period +42.9%
1990 9 LCU per US$, end period +17.6%
1991 9.86 LCU per US$, end period +9.6%
1992 19.65 LCU per US$, end period +99.2%
1993 21.88 LCU per US$, end period +11.4%
1994 22 LCU per US$, end period +0.5%
1995 21.89 LCU per US$, end period -0.5%
1996 21.89 LCU per US$, end period -0.0%
1997 21.89 LCU per US$, end period -0.0%
1998 21.89 LCU per US$, end period +0.0%
1999 97.95 LCU per US$, end period +347.5%
2000 109.55 LCU per US$, end period +11.8%
2001 112.95 LCU per US$, end period +3.1%
2002 126.4 LCU per US$, end period +11.9%
2003 136.5 LCU per US$, end period +8.0%
2004 132.35 LCU per US$, end period -3.0%
2005 129 LCU per US$, end period -2.5%
2006 128.27 LCU per US$, end period -0.6%
2007 117.97 LCU per US$, end period -8.0%
2008 132.56 LCU per US$, end period +12.4%
2009 149.58 LCU per US$, end period +12.8%
2010 150.66 LCU per US$, end period +0.7%
2011 158.27 LCU per US$, end period +5.0%

Nigeria compared with similar countries

  • Nigeria's 158.27 LCU per US$, end period is below the median for lower middle income countries, which is 233.11 LCU per US$, end period, 68% of the median. (24 countries reporting)
  • Nigeria's 158.27 LCU per US$, end period is below the median for Sub-Saharan Africa, which is 494.28 LCU per US$, end period, 32% of the median. (46 countries reporting)

Biggest year-on-year movements

Years where Official exchange rate 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.

YearChange FromTo
1999 +347.5% 21.89 LCU per US$, end period 97.95 LCU per US$, end period
1986 +231.8% 0.9996 LCU per US$, end period 3.32 LCU per US$, end period
1992 +99.2% 9.86 LCU per US$, end period 19.65 LCU per US$, end period
1989 +42.9% 5.35 LCU per US$, end period 7.65 LCU per US$, end period

Averages by decade

DecadeAverage LowestHighest 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

  1. 26 Mauritania 288.5 LCU per US$, end period compare
  2. 27 Djibouti 177.72 LCU per US$, end period compare
  3. 28 Malawi 163.75 LCU per US$, end period compare
  4. 30 Angola 95.27 LCU per US$, end period compare
  5. 31 Kenya 85.07 LCU per US$, end period compare
  6. 32 Cape Verde 84.99 LCU per US$, end period compare

See the full ranking of 51 places →

More reference data data for Nigeria

All data for Nigeria →

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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Official exchange rate in Nigeria. Statizoid, drawing on International Monetary Fund, International Financial Statistics. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/official-exchange-rate-lcu-per-us-end-period/nigeria/

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About this data

Indicator
Official exchange rate (LCU per US$, end period)
Unit
LCU per US$, end period
Source
International Monetary Fund, International Financial Statistics
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
51 places, 2,451 data points, 1960–2011
Last refreshed

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.