Official exchange rate, LCU per USD, period average in Nigeria
Nigeria: Official exchange rate, LCU per USD, period average was 1,373 in 2026. ◆ Volatile
Official exchange rate, LCU per USD, 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 official exchange rate, lcu per usd, period average in 2026.
The figure is down 9.7% on the previous year and up 430.9% over ten years.
Over the whole period, official exchange rate, lcu per usd, period average in Nigeria peaked at 1,521 in 2025 and was at its lowest, 4.02, in 1987.
That places Nigeria 30th out of 195 countries with data for 2026, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Official exchange rate, LCU per USD, 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 Official exchange rate, LCU per USD, 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 official exchange rate, lcu per usd, period average in Nigeria?
- Official exchange rate, lcu per usd, 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 official exchange rate, lcu per usd, period average recorded in Nigeria?
- The highest recorded value was 1,521 in 2025.
- What is the lowest official exchange rate, lcu per usd, period average recorded in Nigeria?
- The lowest recorded value was 4.02 in 1987.
- How does Nigeria rank for official exchange rate, lcu per usd, period average?
- Nigeria ranks 30th out of 195 countries with data for 2026.
- Is official exchange rate, lcu per usd, 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 Official exchange rate, LCU per USD, 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. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).