Official exchange rate in Nigeria
Nigeria: Official exchange rate was 1,479 LCU per US$, period average in 2024. β Volatile
Official exchange rate in Nigeria, 1970β2024
Source: UNESCO Institute for Statistics. Measured in LCU per US$, 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$, period average, in 1980.
Nigeria ranks 22nd of 206 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.6499 LCU per US$, 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$, period average compare
More population data for Nigeria
- Population growth rate by level of development 0.023 (2100)
- Projected population under age 5 32.05 million (2100)
- Population density 523.46 (2100)
- Population growth rate 0.023 (2100)
- Fertility and wanted fertility 4.38 (2024)
- Refugee population by country or territory of asylum 96,387 (2024)
- Fertility vs unmet contraception 4.38 (2024)
- Fertility vs contraception 4.38 (2024)
- Natural population growth 2.12 (2023)
- Fertility rate with projections 4.48 (2023)
Frequently asked questions
- What is official exchange rate in Nigeria?
- Official exchange rate in Nigeria was 1,479 LCU per US$, 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 206 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 Β· JSON β 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release