Official exchange rate (LCU per US$, period average) (UNESCO) in Nigeria
Nigeria: Official exchange rate (LCU per US$, period average) (UNESCO) was 1,479 LCU per US$, period average in 2024. ◆ Volatile
Latest (2024)
1,479 LCU per US$, period average
Change on year
up 129.2%
World rank
22nd
of 209 countries
All-time high
1,479 LCU per US$, period average
in 2024
All-time low
0.5468 LCU per US$, period average
in 1980
Years of data
55
1970–2024
Official exchange rate in Nigeria, 1970–2024
Source: UNESCO Institute for Statistics. Measured in LCU per US$, period average.
Analysis
The most recent figure for official exchange rate in Nigeria is 1,479 LCU per US$, period average, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 129.2% on the previous year and up 832.8% over ten years.
Over the whole period, official exchange rate in Nigeria peaked at 1,479 LCU per US$, period average in 2024 and was at its lowest, 0.5468 LCU per US$, period average, in 1980.
Nigeria ranks 22nd of 209 countries on this measure, 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 US$, period average) (UNESCO) in Nigeria, year by year
| Year | LCU per US$, period average | Change |
|---|---|---|
| 1970 | 0.7143 LCU per US$, period average | — |
| 1971 | 0.7129 LCU per US$, period average | -0.2% |
| 1972 | 0.6579 LCU per US$, period average | -7.7% |
| 1973 | 0.6579 LCU per US$, period average | +0.0% |
| 1974 | 0.6303 LCU per US$, period average | -4.2% |
| 1975 | 0.6155 LCU per US$, period average | -2.3% |
| 1976 | 0.6266 LCU per US$, period average | +1.8% |
| 1977 | 0.6447 LCU per US$, period average | +2.9% |
| 1978 | 0.6353 LCU per US$, period average | -1.5% |
| 1979 | 0.604 LCU per US$, period average | -4.9% |
| 1980 | 0.5468 LCU per US$, period average | -9.5% |
| 1981 | 0.6177 LCU per US$, period average | +13.0% |
| 1982 | 0.6735 LCU per US$, period average | +9.0% |
| 1983 | 0.7244 LCU per US$, period average | +7.6% |
| 1984 | 0.7665 LCU per US$, period average | +5.8% |
| 1985 | 0.8938 LCU per US$, period average | +16.6% |
| 1986 | 1.75 LCU per US$, period average | +96.3% |
| 1987 | 4.02 LCU per US$, period average | +128.9% |
| 1988 | 4.54 LCU per US$, period average | +13.0% |
| 1989 | 7.36 LCU per US$, period average | +62.3% |
| 1990 | 8.04 LCU per US$, period average | +9.1% |
| 1991 | 9.91 LCU per US$, period average | +23.3% |
| 1992 | 17.3 LCU per US$, period average | +74.6% |
| 1993 | 22.07 LCU per US$, period average | +27.6% |
| 1994 | 22 LCU per US$, period average | -0.3% |
| 1995 | 21.9 LCU per US$, period average | -0.5% |
| 1996 | 21.88 LCU per US$, period average | -0.0% |
| 1997 | 21.89 LCU per US$, period average | +0.0% |
| 1998 | 21.89 LCU per US$, period average | +0.0% |
| 1999 | 92.34 LCU per US$, period average | +321.9% |
| 2000 | 101.7 LCU per US$, period average | +10.1% |
| 2001 | 111.23 LCU per US$, period average | +9.4% |
| 2002 | 120.58 LCU per US$, period average | +8.4% |
| 2003 | 129.22 LCU per US$, period average | +7.2% |
| 2004 | 132.89 LCU per US$, period average | +2.8% |
| 2005 | 131.27 LCU per US$, period average | -1.2% |
| 2006 | 128.65 LCU per US$, period average | -2.0% |
| 2007 | 125.81 LCU per US$, period average | -2.2% |
| 2008 | 118.57 LCU per US$, period average | -5.8% |
| 2009 | 148.88 LCU per US$, period average | +25.6% |
| 2010 | 150.3 LCU per US$, period average | +1.0% |
| 2011 | 153.86 LCU per US$, period average | +2.4% |
| 2012 | 157.5 LCU per US$, period average | +2.4% |
| 2013 | 157.31 LCU per US$, period average | -0.1% |
| 2014 | 158.55 LCU per US$, period average | +0.8% |
| 2015 | 192.44 LCU per US$, period average | +21.4% |
| 2016 | 253.49 LCU per US$, period average | +31.7% |
| 2017 | 305.79 LCU per US$, period average | +20.6% |
| 2018 | 306.08 LCU per US$, period average | +0.1% |
| 2019 | 306.92 LCU per US$, period average | +0.3% |
| 2020 | 358.81 LCU per US$, period average | +16.9% |
| 2021 | 401.15 LCU per US$, period average | +11.8% |
| 2022 | 425.98 LCU per US$, period average | +6.2% |
| 2023 | 645.19 LCU per US$, period average | +51.5% |
| 2024 | 1,479 LCU per US$, period average | +129.2% |
Nigeria compared with similar countries
- Nigeria's 1,479 LCU per US$, period average is above the median for lower middle income countries, which is 117.39 LCU per US$, period average, 12.6× the median. (46 countries reporting)
- Nigeria's 1,479 LCU per US$, period average is above the median for Sub-Saharan Africa, which is 606.35 LCU per US$, period average, 2.4× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Official exchange rate (LCU per US$, period average) (UNESCO) 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 | +321.9% | 21.89 LCU per US$, period average | 92.34 LCU per US$, period average |
| 1987 | +128.9% | 1.75 LCU per US$, period average | 4.02 LCU per US$, period average |
| 2024 | +129.2% | 645.19 LCU per US$, period average | 1,479 LCU per US$, period average |
| 1986 | +96.3% | 0.8938 LCU per US$, period average | 1.75 LCU per US$, period average |
| 1992 | +74.6% | 9.91 LCU per US$, period average | 17.3 LCU per US$, period average |
| 1989 | +62.3% | 4.54 LCU per US$, period average | 7.36 LCU per US$, period average |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.6499 LCU per US$, period average | 0.604 LCU per US$, period average | 0.7143 LCU per US$, period average | 10 |
| 1980s | 2.19 LCU per US$, period average | 0.5468 LCU per US$, period average | 7.36 LCU per US$, period average | 10 |
| 1990s | 25.92 LCU per US$, period average | 8.04 LCU per US$, period average | 92.34 LCU per US$, period average | 10 |
| 2000s | 124.88 LCU per US$, period average | 101.7 LCU per US$, period average | 148.88 LCU per US$, period average | 10 |
| 2010s | 214.23 LCU per US$, period average | 150.3 LCU per US$, period average | 306.92 LCU per US$, period average | 10 |
| 2020s | 662.02 LCU per US$, period average | 358.81 LCU per US$, period average | 1,479 LCU per US$, period average | 5 |
Countries ranked near Nigeria
- 19 Syria 2,506 LCU per US$, period average compare
- 20 Democratic Republic of Congo 2,340 LCU per US$, period average compare
- 21 South Sudan 2,163 LCU per US$, period average compare
- 23 Myanmar 1,382 LCU per US$, period average compare
- 24 South Korea 1,363 LCU per US$, period average compare
- 25 Yemen 1,355 LCU per US$, period average compare
More population data for Nigeria
- Population regions with projections, annual growth rate 0.0306 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -3.23 % change on previous year (2050)
- Population long run with projections, annual growth rate 0.0306 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.1509 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 377,460 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 2.22 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.5063 % change on previous year (2100)
- Population growth rate 0.023 (2100)
- Population density 523.46 (2100)
- Projected population under age 5 32.05 million (2100)
Frequently asked questions
- What is official exchange rate in Nigeria?
- Official exchange rate in Nigeria was 1,479 LCU per US$, period average in 2024, according to UNESCO Institute for Statistics.
- What is the highest official exchange rate recorded in Nigeria?
- The highest recorded value was 1,479 LCU per US$, period average in 2024.
- What is the lowest official exchange rate recorded in Nigeria?
- The lowest recorded value was 0.5468 LCU per US$, period average in 1980.
- How does Nigeria rank for official exchange rate?
- Nigeria ranks 22nd out of 209 countries with data for 2024.
- Is official exchange rate rising or falling in Nigeria?
- Over the last ten years it is up 832.8%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from UNESCO Institute for Statistics, published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release