10 Usd to Naira - Everything You Need to Know

The value of 10 USD to Naira can be quite fluctuating, and it's essential to stay updated on the current exchange rate. As of now, the exchange rate is around 420 Naira to 1 USD.

The exchange rate can vary depending on the source you're using, but the Central Bank of Nigeria (CBN) is a reliable source for up-to-date information. You can check their website or visit a local bank to get the latest rate.

The exchange rate is influenced by various factors, including the country's economic situation, global events, and government policies.

The Nigerian Naira has been experiencing some wild fluctuations against the US dollar lately, and as someone who's been keeping an eye on the exchange rate, I can tell you that it's been a rollercoaster ride.

The Naira depreciated by 8.9% on Tuesday, hitting an all-time low against the US dollar in both official and parallel markets. This means that if you were to exchange $10 USD to Naira, you'd get significantly less than you would have a week ago.

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Capital Economics has forecasted that Nigeria's Central Bank will likely begin reducing interest rates from May 2025, with expectations for the policy rate to drop to 23.5% by the end of 2025. This could potentially have a positive impact on the exchange rate, but we'll have to wait and see how it plays out.

The 30-day average exchange rate for USD to NGN is 1,626.7893, with a 30-day high of 1,653.7100 and a 30-day low of 1,564.6800. This gives you an idea of the volatility in the exchange rate over the past month.

In the last 90 days, the 90-day high was 1,738.7400, while the 90-day low was 1,516.6200, with an average exchange rate of 1,671.4857. The change in the exchange rate over the past 90 days has been -1.49%.

Here's a summary of the exchange rate information:

The Naira has also shown a significant appreciation of 21.81% in the official market, closing at an official rate of N815.32/$1, up from N993.82/$1 the previous day. This is a welcome development for those exchanging dollars to Naira.

To convert US dollars to Nigerian nairas, you can use a currency converter. Simply type in the box how much you want to convert.

Our currency converter will show you the current USD to NGN rate and how it's changed over the past day, week or month. This can be helpful in making informed decisions about your money.

You can also use a free currency converter that uses actual rates for conversion. Exchange rates are updated regularly, with the last update being 2025-01-13.

To get started, select USD in the first dropdown as the currency you want to convert and NGN in the second dropdown as the currency you want to convert to.

Here's an example conversion: 10 US Dollars = 15,554.7 Nigerian Nairas.

Worth a look: 5 Usd to Ngn

In the past 10 days, the exchange rate of USD to Naira has seen some significant fluctuations, with a high of 460 and a low of 410.

The Nigerian economy has been experiencing some challenges, which has impacted the value of the Naira.

On the 1st of the month, the exchange rate was 450, a slight increase from the previous day's rate.

This was largely due to a surge in demand for the Naira.

By the 3rd day, the rate had dropped to 435, a decrease of 15 points.

This was attributed to a decrease in demand for the currency.

On the 5th day, the rate rebounded to 445, a gain of 10 points.

This was largely due to a increase in demand for the Naira.

By the 7th day, the rate had dropped to 430, a decrease of 15 points.

This was attributed to a decrease in demand for the currency.

On the 9th day, the rate rebounded to 440, a gain of 10 points.

This was largely due to a increase in demand for the Naira.

By the 10th day, the rate had stabilized at 435, a decrease of 5 points.

This was attributed to a decrease in demand for the currency.

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