Today's USD to NGN Price Update

Summary

This report provides the real-time exchange rate between the U.S. Dollar (USD) and Nigerian Naira (NGN), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Nigerian Naira (NGN) is the official currency of Nigeria. The exchange rate between them reflects market sentiment regarding currency stability, capital flows, and economic conditions affecting the Nigerian economy.

Today’s Price

• 1 USD = 1,418.92 NGN
• 24h High: 1,422.67 NGN
• 24h Low: 1,416.23 NGN

Market Analysis

The USD/NGN pair is currently trading at 1,418.92 as of January 21, 2026. The currency pair has demonstrated notable intraday volatility, with a trading range of approximately 6.44 NGN between the 24-hour high and low points.

• Technical levels: Key support at 1,416.23 NGN, resistance at 1,422.67 NGN
• Risk note: Currency pairs involving emerging market currencies can experience sharp movements due to shifts in capital flows and macroeconomic conditions
• Trading opportunities: Monitor price action within the established daily range for potential mean reversion or breakout strategies

Conclusion

Continue to monitor the USD/NGN pair closely, integrating local economic indicators and global risk sentiment into your trading strategy. Watch for price movements beyond the established support and resistance levels for emerging trading opportunities.