Today's USD to NGN Price Update

Summary

This report provides the real-time exchange rate between the U.S. Dollar (USD) and Nigerian Naira (NGN), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Nigerian Naira (NGN) is the official currency of Nigeria. The exchange rate between them reflects market sentiment regarding currency stability and capital flows between the two economies.

Today’s Price

• 1 USD = 1,352.21 NGN (as of February 27, 2026, 14:00:25)
• 24h High: 1,361.743 NGN
• 24h Low: 1,352.3077 NGN

Market Analysis

The USD/NGN pair has exhibited notable volatility in recent trading sessions, with the rate fluctuating within a significant intraday range of approximately 9.44 NGN.

• Technical levels: Key daily support at 1,342.28 NGN, daily resistance at 1,348.06 NGN. Short-term support and resistance levels are 1,347.78 NGN and 1,372.91 NGN respectively
• Technical indicators: Current analysis shows mixed signals with Buy signals (2) and Sell signals (8), suggesting cautious sentiment
• Trading opportunities: Traders should monitor the pair’s behavior around the daily support and resistance levels for potential entry and exit points

Conclusion

Continue to monitor the USD/NGN pair closely, integrating technical analysis with market sentiment and key support-resistance levels to develop sound trading strategies and capture potential opportunities.