Historical data for this pair isn't available on XE7 yet, so only today's rate is shown. The official NGN rate is published once a day.
About these currencies
The Nigerian Naira (NGN) is the official currency of Nigeria.
The rate shown for the Nigerian Naira is the official rate. In practice, a parallel market often trades it at a noticeably different price, so the amount you get in cash locally can differ significantly.
What you actually get
Banks rarely use the mid-market rate. With a typical 2.5% margin, 500 USD would get you about 648,869.26 NGN instead of 665,506.93 NGN: 16,637.67 NGN less. Online money transfer services usually charge much smaller margins, so compare the total cost (fees plus rate) before you send.
FAQ
How much is 500 USD in NGN?
500 US Dollars is worth 665,506.93 NGN at the mid-market rate of Oct 9, 2026 (1 USD = 1,331.01 NGN).
Why is my bank's USD/NGN rate different?
This page shows the mid-market rate, halfway between buying and selling prices. Banks and exchange offices add a margin, often 2% to 4%, on top of any fixed fee.