USD-NGN
Medium Volatility
USD to NGN Exchange Rate Report
May 2026 Analysis
Average Rate
1357.8009
Monthly Change
+2.29%
Best Provider
moneygram
Data Points
237
Executive Summary
In May 2026, the USD to NGN exchange rate strengthened, moving from 1373.1000 to 1404.5400 (+2.29% change).
The average rate across all providers was 1357.8009, with rates ranging from 1280.5521 to 1416.7800. Market volatility was medium during this period.
moneygram consistently offered the best rates, making it the recommended provider for this corridor during May.
Rate Range Analysis
Lowest Rate
1280.5521
Average Rate
1357.8009
Highest Rate
1416.7800
Opening: 1373.1000Closing: 1404.5400
Provider Performance
| Provider | Avg Rate | Min | Max | Days Best |
|---|---|---|---|---|
Best moneygram | 1406.3643 | 1404.5400 | 1416.7800 | 11 days |
remitly | 1398.5817 | 1386.4900 | 1406.4300 | 19 days |
paysend | 1369.8666 | 1362.3866 | 1378.4458 | 1 days |
wise | 1368.1919 | 1357.1800 | 1375.0900 | |
worldremit | 1365.3251 | 1362.1881 | 1368.0044 | |
sendwave | 1364.8507 | 1354.0679 | 1375.0407 | |
taptapsend | 1358.7097 | 1340.0000 | 1371.0000 | |
westernunion | 1332.2105 | 1323.9800 | 1339.4200 | |
xe | 1294.1446 | 1280.5521 | 1344.2727 |
Best Time to Transfer
Best Day
Saturday
Average rate: 1359.5584
Avoid
Monday
Average rate: 1354.4359
Based on 237 data points collected throughout May 2026.
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