Market Insights

USD/NGN Hits 30-day low

📅 ⏱ 2 min read

USD/NGN at 30-day low

USD/NGN is trading at 1,364.6484, its lowest level in 30 days. Recipients are currently receiving less per unit sent than at any point in the past 30 days. On a USD 500 transfer, recipients currently receive approximately NGN 4,695 less than the prior period.

CorridorCurrent RateMilestone
USD/NGN1,364.6484⬇ 30-day Low
GBP/NGN1,814.5934⬇ 30-day Low
EUR/NGN1,553.8542📉 90-day Low, ⬇ 30-day Low
USD/KES129.4994🏆 90-day High, ⬆ 30-day High, ⬇ 30-day Low
USD/GHS11.6581⬆ 30-day High
EUR/XOF655.8282🏆 90-day High, 📉 90-day Low, ⬆ 30-day High, ⬇ 30-day Low
USD/ZAR16.7173⬆ 30-day High

7 corridors are simultaneously near multi-week records — a signal of broader market movement, not isolated corridor behaviour.

At a 30-day low, senders receive less per unit transferred than at any point in the past 30 days. If the corridor stabilises or recovers, waiting could improve outcomes — but that carries its own risk. Locking in a known rate with the best available provider is the lower-risk approach.

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📊 Generation summary — 9 corridors monitored | 7 near-record corridors | data: 30-day and 90-day historical rates

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