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Monthly averages of the daily rates; open a month for its days.

Average, January–November
1,363.71 NGN
Highest month
1,416.02 NGN
Lowest month
1,326.81 NGN

Shape of the year, one point per rate

MonthAverageLowHighChangeTrend
January1,416.021,386.051,430.35—
February1,355.031,335.461,389.86−60.99
March1,378.821,343.921,400.90+23.79
April1,360.721,341.801,386.16−18.10
May1,369.491,355.351,375.12+8.78
June1,366.491,355.771,383.13−3.00
July1,372.751,361.591,382.58+6.26
August1,352.471,332.441,365.19−20.28
September1,326.811,315.171,330.83−25.67
October1,338.491,329.601,367.11+11.68
November5 days so far1,347.141,346.291,348.24+8.65
December— not reached

Monthly averages smooth out the daily noise, so a single figure can hide sharp moves within the month. A low month and a high month often differ because demand for dollars shifts around salary payments, imports or fuel costs. The average also depends on how many days the month contains: the first or current month may hold fewer days, so its average rests on a thinner base. Read the official rate published on working days and compare months with care.

Sources

Every figure on this page points here by its number.

  1. 1Central bankCentral Bank of Nigeriacbn.gov.ngofficial rates, once a working day
  2. 2ReferenceFrankfurter, reference rates of central banks (ECB-based)frankfurter.devCAD and AUD per dollar, for the rows worked out through the dollar
  3. 3WidgetTradingViewtradingview.comthe live widget only; never a printed figure