Nigeria - Official exchange rate

Official exchange rate (LCU per US$, period average)

The value for Official exchange rate (LCU per US$, period average) in Nigeria was 306.08 as of 2018. As the graph below shows, over the past 58 years this indicator reached a maximum value of 306.08 in 2018 and a minimum value of 0.55 in 1980.

Definition: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1960 0.71
1961 0.71
1962 0.71
1963 0.71
1964 0.71
1965 0.71
1966 0.71
1967 0.71
1968 0.71
1969 0.71
1970 0.71
1971 0.71
1972 0.66
1973 0.66
1974 0.63
1975 0.62
1976 0.63
1977 0.64
1978 0.64
1979 0.60
1980 0.55
1981 0.62
1982 0.67
1983 0.72
1984 0.77
1985 0.89
1986 1.75
1987 4.02
1988 4.54
1989 7.36
1990 8.04
1991 9.91
1992 17.30
1993 22.07
1994 22.00
1995 21.90
1996 21.88
1997 21.89
1998 21.89
1999 92.34
2000 101.70
2001 111.23
2002 120.58
2003 129.22
2004 132.89
2005 131.27
2006 128.65
2007 125.81
2008 118.55
2009 148.90
2010 150.30
2011 153.86
2012 157.50
2013 157.31
2014 158.55
2015 192.44
2016 253.49
2017 305.79
2018 306.08

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices