Explore short-term USD to NGN forecast for today, tomorrow, this week, and next week as well as long-term US Dollar vs Nigerian Naira prediction for 2024, 2025 to 2030 and beyond
5-Day Prediction
₦ 1,594.22
1-Month Prediction
₦ 1,628.72
3-Month Prediction
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6-Month Prediction
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1-Year Prediction
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2025 Prediction
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2030 Prediction
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| Current Rate | ₦ 1,484.82 |
|---|---|
| Forecast | ₦ 1,594.22 |
| Green Days | 13/30 (43.33%) |
| Sentiment | Neutral |
| Volatility | 3.31% |
| 50-Day SMA | ₦ 1,386.25 |
| 200-Day SMA | ₦ 1,213.62 |
| 14-Day RSI | 53.90 |
The USD to NGN exchange rate is forecasted to increase by
Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsem*nt, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
USD to NGN Forecast for Today
The USD to NGN forecast for today is currently predicting the USD/NGN exchange rate to rise to ₦ 1,497.93 in the next 24 hours, representing a
USD to NGN Forecast for Tomorrow
The USD to NGN forecast for tomorrow is currently predicting the USD/NGN exchange rate to rise to ₦ 1,561.26 in the next 24 hours, representing a
USD to NGN Forecast for This Week
At this moment, the prediction is that the USD to NGN rate could reach ₦ 1,561.26 at the end of the week, going up by
USD to NGN Forecast for Next Week
Today's USD to NGN forecast for next week suggests the USD to NGN rate might rise to ₦ 1,631.82 in the next 7 days, a
USD to NGN for Next 10 Days
The USD/NGN forecast for the next 10 days hints that the USD to NGN rate could go up to ₦ 1,571.39 in the next 10 days, showing a
Long-Term US Dollar to Nigerian Naira forecast for 2024, 2025 and beyond
Here are the current predictions for the US Dollar to Nigerian Naira exchange rate for longer time frames.
| Year | Yearly Low | Yearly High |
|---|---|---|
| 2024 | ₦ 1,350.28 | ₦ 2,154.87 |
| 2025 | ₦ 1,350.28 | ₦ 3,878.64 |
| 2026 | ₦ 2,884.83 | ₦ 588,793 |
| 2027 | ₦ 1,682.27 | ₦ 588,793 |
| 2028 | ₦ 1,599.98 | ₦ 187,514 |
| 2029 | ₦ 1,612.69 | ₦ 164,009 |
| 2030 | ₦ 1,610.66 | ₦ 196,264 |
USD to NGN for the next 6 months
The USD to NGN forecast for the next 6 months is that the USD to NGN rate will increase by
USD to NGN Forecast for the next 1 year
The USD to NGN forecast for the next 1 year suggests that the USD to NGN exchange rate will see a
USD to NGN Forecast for the next 5 years
The USD to NGN forecast for the next 5 year indicates that the USD/NGN exchange rate will be ₦ 1,617.56 5 years from now. This would be a
USD to NGN Forecast for Tomorrow, This Week, and Next Week
Here are the USD to NGN rate forecasts for shorter timeframes.
| Date | Daily High | Daily Low |
|---|---|---|
| Jun 07, 2024 | ₦ 1,555.94 | ₦ 1,497.93 |
| Jun 08, 2024 | ₦ 1,561.26 | ₦ 1,555.94 |
| Jun 09, 2024 | ₦ 1,557.46 | ₦ 1,555.44 |
| Jun 10, 2024 | ₦ 1,552.25 | ₦ 1,532.86 |
| Jun 11, 2024 | ₦ 1,534.83 | ₦ 1,520.29 |
| Jun 12, 2024 | ₦ 1,594.22 | ₦ 1,534.79 |
| Jun 13, 2024 | ₦ 1,592.34 | ₦ 1,554.90 |
| Jun 14, 2024 | ₦ 1,631.82 | ₦ 1,581.85 |
| Jun 15, 2024 | ₦ 1,641.49 | ₦ 1,625.55 |
| Jun 16, 2024 | ₦ 1,646.85 | ₦ 1,602.49 |
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USD to NGN Sentiment and Technical Analysis
Currently, the sentiment in the USD/NGN market is estimated as bullish. The 14-day RSI reading is 53.90, suggesting neutral conditions. In the last 30 days, the volatility of the USD to USD has been 3.31%.
The current USD to NGN exchange rate is above the 50-day SMA, which is currently sitting at ₦ 1,386.25. The current rate is above the 200-day simple moving average, which is positioned at ₦ 1,213.62.
USD to NGN Forecast FAQ
Is Nigerian Naira expected to rise against the Nigerian Naira?
Today, Nigerian Naira is expected to rise against the US Dollar, as the forecast expects the USD/NGN exchange rate to move to ₦ 1,497.93 from the current rate of ₦ 1,484.82. In the next 7 days, Nigerian Naira is predicted to increase compared to the US Dollar by ₦ 1,631.82.
Is USD to NGN a buy or sell?
USD/NGN is currently a buy as the exchange rate is forecasted to increase by
Will Nigerian Naira get stronger against US Dollar in 2024?
Nigerian Naira is expected to rise by
What is the Nigerian Naira to US Dollar forecast for 2025?
The Nigerian Naira to US Dollar forecast for 2025 is currently ₦ 3,246.19. This would represent a
What is the forecast for USD to NGN in 2030?
The forecast for NGN to USD in 2030 is that the exchange rate will be ₦ 1,640.09 6 years from now. This would be
How to read and forecast USD to NGN price movements?
Forex traders use a variety of tools to make predictions on which way the market is likely to head next. The two main tools that forex traders use are technical analysis and fundamental analysis.
Technical analysis involves analyzing indicators, chart patterns, and support and resistance levels. Meanwhile, fundamental analysis involves analyzing macroeconomic and political events that have an influence on forex markets.
Forex technical indicators
Moving averages are among the most popular forex prediction tools. As the name suggests, a moving average provides the average closing price for a forex pair over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average is a sum of the closing prices over the last 12 days which is then divided by 12.
In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.
5-day, 10-day and 20-day moving averages are among the most commonly used indicators in the market to identify important resistance and support levels from a short term perspective. Meanwhile, the 50-day, 100-day and 200-day moving averages are often used to identify long-term support and resistance levels.
If the pair’s price moves above any of these averages, it is generally seen as a bullish sign for stock. Conversely, a drop below an important moving average is usually interpreted as a negative forecast for the market.
Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the exchange rate.
Another way of analyzing forex prices is through candlestick chart analysis. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.
How to read stock charts and forecast price movements?
Here are some of the most commonly followed bullish candlestick patterns:
Here are some common bearish candlestick patterns:
- Hammer
- Bullish Engulfing
- Piercing Line
- Morning Star
- Three White Soldiers
- Bearish Harami
- Dark Cloud Cover
- Evening Star
- Shooting Star
- Hanging Man
Forex fundamental indicators
Macroeconomical and political events play an important role in the forex markets, as they can have a significant influence on exchange rates. In order to be successful in the forex market, traders need to have a solid understanding of the bond market, balance of trade between nations, the political landscape, a nation’s economic health, purchasing power and other key concepts.
DISCLAIMER: Not Investment Advice
The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsem*nt or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
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