Nigerian Naira - Forecast

The Nigerian Naira is expected to trade at 364.10 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 564.94 in 12 months time.



Forecast Data Chart
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Nigeria Markets Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 305 364 422 488 565 1015
Stock Market 34617 36140 34729 33376 32074 27356
Government Bond 10y 14.76 14.56 15.02 15.5 15.99 18.13


Major Price Day Q3/18 Q4/18 Q1/19 Q2/19
EURUSD 1.13675 0.0025 0.22% 1.14449 1.12564 1.10702 1.08875
GBPUSD 1.27091 0.0003 -0.02% 1.29775 1.27517 1.25298 1.23119
AUDUSD 0.72560 0.0005 -0.07% 0.72529 0.71236 0.69966 0.68726
NZDUSD 0.65817 0.0019 0.28% 0.66242 0.64862 0.63516 0.62197
USDJPY 110.99 0.0060 0.01% 112.22 113.99 115.80 117.62
USDCNY 6.86964 0.0040 0.06% 6.71556 6.78995 6.86567 6.94139
USDCHF 0.99772 0.0043 0.43% 1.01013 1.02760 1.04538 1.06345
USDCAD 1.31666 0.0007 0.05% 1.33961 1.36460 1.39024 1.41615
USDMXN 18.9974 0.0222 -0.12% 20.0258 20.6020 21.1957 21.8069
USDINR 70.0800 0.1650 0.24% 69.3781 70.1330 70.9017 71.6703
USDBRL 3.9048 0.0005 -0.01% 4.0231 4.1529 4.2873 4.4257
USDRUB 66.8205 0.4415 -0.66% 65.1108 67.0212 68.9822 71.0064
DXY 96.66 0.0360 -0.04% 93.86 94.78 95.70 96.00
USDKRW 1,126.25 6.7200 -0.59% 1,140.51 1,161.46 1,182.85 1,204.68
USDZAR 14.7089 0.0107 -0.07% 14.2003 14.7248 15.2672 15.8314
USDSGD 1.37611 0.0009 0.07% 1.37867 1.39286 1.40719 1.42165
USDHKD 7.84970 0.0001 0.00% 7.84351 7.84351 7.84351 7.84351

Crypto Price Day Q3/18 Q4/18 Q1/19 Q2/19
BTCUSD 6,314.32 0.8098 0.01% 5,114.26 4,017.97 3,156.05 2,479.66
ETHUSD 286.81 1.5800 0.55% 465.38 465.38 465.38 465.38
XRPUSD 0.29 0.0135 4.83% 0.49 0.49 0.49 0.49

EUR Cross Price Day Q3/18 Q4/18 Q1/19 Q2/19
EURUSD 1.13675 0.0025 0.22% 1.14449 1.12564 1.10702 1.08875
EURGBP 0.8944 0.0004 -0.05% 0.8819 0.8827 0.8835 0.8843
EURAUD 1.5666 0.0000 0.00% 1.5780 1.5801 1.5822 1.5842
EURNZD 1.7270 0.0026 -0.15% 1.7277 1.7354 1.7429 1.7505
EURJPY 126.17 0.0720 -0.06% 128.43 128.31 128.19 128.06
EURCNY 7.8080 0.0011 -0.01% 7.6859 7.6430 7.6004 7.5574
EURCHF 1.1342 0.0074 0.66% 1.1561 1.1567 1.1573 1.1578
EURCAD 1.4966 0.0003 -0.02% 1.5332 1.5360 1.5390 1.5418
EURMXN 21.5919 0.0397 -0.18% 22.9193 23.1903 23.4640 23.7422
EURINR 79.72 0.4114 0.52% 79.40 78.94 78.49 78.03
EURBRL 4.4417 0.0119 0.27% 4.6044 4.6746 4.7461 4.8184
EURRUB 75.97 0.2177 -0.29% 74.52 75.44 76.36 77.31
EURKRW 1,281.11 4.0185 -0.31% 1,305.30 1,307.38 1,309.43 1,311.60
EURIDR 16,613.19 58.0790 0.35% 16,580.90 16,467.66 16,354.09 16,241.95
EURSEK 10.4557 0.0094 0.09% 10.3278 10.3881 10.4488 10.5088
EURSGD 1.5643 0.0009 -0.06% 1.5779 1.5679 1.5578 1.5478
EURCZK 25.7290 0.0329 -0.13% 26.1820 26.2930 26.4037 26.5168
EURDKK 7.4565 0.0001 0.00% 7.4604 7.4701 7.4798 7.4895
EURHKD 8.9231 0.0198 0.22% 8.9768 8.8289 8.6829 8.5396
EURISK 122.98 0.0524 -0.04% 126.29 127.53 128.77 130.03
EURNOK 9.6448 0.0002 0.00% 9.4978 9.5453 9.5915 9.6392
EURZAR 16.7270 0.1551 0.94% 16.2521 16.5748 16.9010 17.2364

GBP Cross Price Day Q3/18 Q4/18 Q1/19 Q2/19
GBPUSD 1.27091 0.0003 -0.02% 1.29775 1.27517 1.25298 1.23119
EURGBP 0.8944 0.0004 -0.05% 0.8819 0.8827 0.8835 0.8843
GBPAUD 1.7515 0.0008 0.04% 1.7893 1.7900 1.7908 1.7914
GBPNZD 1.9308 0.0047 -0.24% 1.9591 1.9660 1.9727 1.9795
GBPJPY 141.04 0.4622 0.33% 145.63 145.35 145.09 144.81
GBPCNY 8.7292 0.0024 0.03% 8.7151 8.6583 8.6025 8.5461
GBPCHF 1.2678 0.0066 0.52% 1.3109 1.3104 1.3098 1.3093
GBPCAD 1.6733 0.0005 0.03% 1.7385 1.7401 1.7419 1.7435
GBPMXN 24.1373 0.2084 -0.86% 25.9885 26.2709 26.5577 26.8483
GBPINR 89.12 0.3567 0.40% 90.04 89.43 88.84 88.24
GBPBRL 4.9657 0.0076 0.15% 5.2209 5.2956 5.3719 5.4488
GBPRUB 84.98 0.4202 -0.49% 84.50 85.46 86.43 87.42
GBPKRW 1,432.25 6.1666 -0.43% 1,480.10 1,481.05 1,482.08 1,483.19
GBPIDR 18,573.18 43.3665 0.23% 18,801.27 18,655.20 18,510.36 18,366.83
GBPCZK 28.7670 0.0008 0.00% 29.6881 29.7857 29.8850 29.9859
GBPSGD 1.7487 0.0001 -0.01% 1.7892 1.7761 1.7632 1.7503
GBPDKK 8.3362 0.0183 -0.22% 8.4594 8.4624 8.4660 8.4693
GBPHKD 9.9762 0.0021 -0.02% 10.1789 10.0018 9.8277 9.6568

JPY Cross Price Day Q3/18 Q4/18 Q1/19 Q2/19
USDJPY 110.99 0.0060 0.01% 112.22 113.99 115.80 117.62
EURJPY 126.17 0.0720 -0.06% 128.43 128.31 128.19 128.06
GBPJPY 141.04 0.4622 0.33% 145.63 145.35 145.09 144.81
AUDJPY 80.53 0.0480 -0.06% 81.39 81.20 81.02 80.84
NZDJPY 73.04 0.3649 0.50% 74.34 73.93 73.55 73.16
CNYJPY 16.1650 0.0001 0.00% 16.7104 16.7876 16.8664 16.9450
CHFJPY 111.24 0.0650 -0.06% 111.09 110.93 110.77 110.60
CADJPY 84.29 0.1590 0.19% 83.77 83.53 83.29 83.06
MXNJPY 5.8411 0.0803 1.39% 5.6037 5.5328 5.4633 5.3938
INRJPY 1.5837 0.0001 -0.01% 1.6175 1.6253 1.6332 1.6411
BRLJPY 28.4222 0.0684 0.24% 27.8939 27.4479 27.0097 26.5772
RUBJPY 1.6609 0.0147 0.89% 1.7235 1.7008 1.6787 1.6565
KRWJPY 0.0985 0.0008 0.83% 0.0984 0.0981 0.0979 0.0976
IDRJPY 0.00760 0.0000 0.16% 0.00775 0.00779 0.00784 0.00788
HKDJPY 14.1390 0.0010 0.01% 14.3073 14.5327 14.7637 14.9960
SGDJPY 80.63 0.4381 0.55% 81.40 81.84 82.29 82.74

Europe Price Day Q3/18 Q4/18 Q1/19 Q2/19
EURUSD 1.13675 0.0025 0.22% 1.14449 1.12564 1.10702 1.08875
GBPUSD 1.27091 0.0003 -0.02% 1.29775 1.27517 1.25298 1.23119
USDCHF 0.99772 0.0043 0.43% 1.01013 1.02760 1.04538 1.06345
USDRUB 66.8205 0.4415 -0.66% 65.1108 67.0212 68.9822 71.0064
USDTRY 5.8313 0.0813 1.40% 4.8439 4.9951 5.1511 5.3117
USDSEK 9.1967 0.0051 0.06% 9.0239 9.2287 9.4387 9.6522
USDPLN 3.7867 0.0026 0.07% 3.8606 3.9519 4.0450 4.1405
USDNOK 8.4844 0.0057 0.07% 8.2988 8.4799 8.6642 8.8535
USDDKK 6.5595 0.0043 0.07% 6.5185 6.6363 6.7567 6.8790
USDCZK 22.6362 0.0147 0.06% 22.8766 23.3583 23.8512 24.3553
USDRON 4.0903 0.0197 -0.48% 4.0790 4.1558 4.2339 4.3132
USDHUF 284.83 0.0930 0.03% 286.97 293.48 300.16 306.95
USDUAH 27.69 0.2100 0.76% 26.78 27.14 27.51 27.88
USDBYR 2 0.0005 0.02% 2 2 2 2
USDHRV 6.5225 0.0003 0.00% 6.4697 6.5923 6.7167 6.8437
USDSRB 103.52 0.0900 -0.09% 103.06 105.01 107.00 109.02
USDBIH 1.7186 0.0030 0.17% 1.7132 1.7489 1.7855 1.8229
USDISK 108.19 0.0300 0.03% 110.35 113.29 116.33 119.43
USDALL 110.27 0.0600 0.05% 109.84 111.97 114.14 116.36
USDMKD 53.88 0.0200 0.04% 53.56 54.50 55.45 56.42
USDMDL 16.5820 0.0320 0.19% 16.9426 17.1468 17.3544 17.5653
USDBGN 1.7193 0.0002 0.01% 1.6700 1.6800 1.6800 1.6800

America Price Day Q3/18 Q4/18 Q1/19 Q2/19
USDCAD 1.31666 0.0007 0.05% 1.33961 1.36460 1.39024 1.41615
USDMXN 18.9974 0.0222 -0.12% 20.0258 20.6020 21.1957 21.8069
USDBRL 3.9048 0.0005 -0.01% 4.0231 4.1529 4.2873 4.4257
DXY 96.66 0.0360 -0.04% 93.86 94.78 95.70 96.00
USDARS 29.6650 0.0850 -0.29% 29.0889 30.3250 31.6141 32.9562
USDVEB 248,520.90 178,695.9000 255.92% 114,856.30 114,856.30 114,856.30 114,856.30
USDCOP 3,019.15 0.0000 0.00% 2,980.72 3,054.88 3,131.08 3,209.02
USDCLP 669.16 0.0000 0.00% 663.89 678.38 693.13 708.27
USDPEN 3.3087 0.0083 -0.25% 3.3167 3.3483 3.3801 3.4120
USDCUC 1.0000 0.0000 0.00% 1.0000 1.0000 1.0000 1.0000
USDDOP 49.6400 0.2400 -0.48% 50.9253 52.2554 53.6203 55.0198
USDGTQ 7.4700 0.0050 -0.07% 7.5289 7.5679 7.6076 7.6473
USDURY 31.3000 0.0000 0.00% 32.1176 32.6546 33.1979 33.7539
USDCRC 565.80 0.0000 0.00% 570.05 574.85 579.66 584.52
USDPAB 1.0000 0.0000 0.00% 1.0000 1.0000 1.0000 1.0000
USDBOB 6.8400 0.0100 -0.15% 6.8890 6.9281 6.9678 7.0076
USDPYG 5,746.00 20.0000 0.35% 5,750.00 5,812.57 5,876.27 5,939.98
USDSVC 8.6620 0.0875 -1.00% 9.0689 9.3996 9.7426 10.0987
USDTTD 6.7255 0.0755 1.14% 6.8515 7.0590 7.2731 7.4932
USDHNL 23.9480 0.0337 0.14% 24.0829 24.2218 24.3630 24.5043
USDJMD 134.98 0.2800 0.21% 130.56 132.26 133.97 135.71
USDNIO 31.7200 0.0300 -0.09% 32.6502 33.6389 34.6594 35.7083
USDHTG 66.99 0.0000 0.00% 65.31 67.17 69.09 71.05
USDBSD 1.0000 0.0000 0.00% 1.0000 1.0000 1.0000 1.0000
USDSRD 7.3960 0.0340 -0.46% 7.4865 7.5437 7.6009 7.6581
USDGYD 206.59 1.3900 -0.67% 210.97 215.23 219.57 224.02
USDKYD 0.8200 0.0050 -0.61% 0.8317 0.8384 0.8452 0.8521

Asia Price Day Q3/18 Q4/18 Q1/19 Q2/19
USDJPY 110.99 0.0060 0.01% 112.22 113.99 115.80 117.62
USDCNY 6.86964 0.0040 0.06% 6.71556 6.78995 6.86567 6.94139
USDINR 70.0800 0.1650 0.24% 69.3781 70.1330 70.9017 71.6703
USDKRW 1,126.25 6.7200 -0.59% 1,140.51 1,161.46 1,182.85 1,204.68
USDIDR 14,605.00 10.0000 0.07% 14,487.60 14,629.64 14,773.11 14,918.01
USDSAR 3.7506 0.0002 0.01% 3.7503 3.7503 3.7503 3.7503
USDTWD 30.7470 0.0000 0.00% 30.8089 31.0958 31.3858 31.6758
USDIRR 42,000.00 0.0000 0.00% 43,639.40 44,600.15 45,582.25 46,581.43
USDAED 3.6726 0.0002 -0.01% 3.6730 3.6730 3.6730 3.6730
USDTHB 33.1800 0.1500 -0.45% 33.4580 33.7893 34.1239 34.4618
USDMYR 4.1030 0.0010 0.02% 4.0776 4.1135 4.1495 4.1863
USDSGD 1.37611 0.0009 0.07% 1.37867 1.39286 1.40719 1.42165
USDILS 3.6701 0.0107 -0.29% 3.7069 3.7595 3.8129 3.8670
USDHKD 7.84970 0.0001 0.00% 7.84351 7.84351 7.84351 7.84351
USDPHP 53.4340 0.1010 -0.19% 53.9936 54.6075 55.2321 55.8621
USDPKR 122.10 0.7900 -0.64% 123.11 124.80 126.51 128.24
USDIQD 1,185.24 1.1900 -0.10% 1,196.40 1,206.48 1,216.57 1,226.77
USDKZT 360.27 1.4000 -0.39% 348.36 353.57 358.89 364.28
USDQAR 3.6411 0.0011 0.03% 3.7802 3.9244 4.0737 4.2289
USDVND 23,310.00 4.0000 -0.02% 23,045.00 23,045.00 23,045.00 23,045.00
USDBDT 83.68 0.3200 -0.38% 85.57 87.43 89.33 91.28
USDOMR 0.3847 0.0001 0.03% 0.3850 0.3850 0.3850 0.3850
USDAZN 1.6950 0.0020 0.12% 1.7174 1.7421 1.7672 1.7927
USDLKR 160.35 0.3000 0.19% 159.24 160.08 160.93 161.79
USDSYP 515.00 0.0000 0.00% 515.00 515.00 515.00 515.00
USDMMK 1,510.00 20.0000 1.34% 1,430.16 1,450.61 1,471.34 1,492.34
USDUZS 7,785.00 0.2000 0.00% 9,076.27 10,505.73 12,160.24 14,075.86
USDMOP 8.0720 0.0000 0.00% 8.0650 8.0650 8.0650 8.0650
USDTMT 3.4900 0.0000 0.00% 3.5849 3.6823 3.7825 3.8854
USDLBP 1,505.50 2.5000 -0.17% 1,514.48 1,523.96 1,533.60 1,543.23
USDYER 249.85 0.1000 -0.04% 251.35 252.75 254.17 255.60
USDBHD 0.3770 0.0001 0.03% 0.3800 0.3800 0.3800 0.3800
USDAFN 72.40 0.1200 -0.17% 73.81 74.39 74.96 75.54
USDNPR 112.32 0.4900 0.44% 111.07 112.33 113.62 114.92
USDBND 1.3620 0.0021 -0.15% 1.3649 1.3786 1.3923 1.4063
USDKHR 4,055.00 5.0000 -0.12% 4,094.96 4,140.32 4,186.49 4,232.66
USDGEL 2.5600 0.0000 0.00% 2.4839 2.5339 2.5848 2.6369
USDKPW 130.00 0.0000 0.00% 130.00 130.00 130.00 130.00
USDMNT 2,453.00 2.0000 0.08% 2,476.48 2,492.96 2,509.69 2,526.67
USDLAK 8,499.00 0.0000 0.00% 8,398.00 8,398.00 8,398.00 8,398.00
USDAMD 482.14 0.6400 0.13% 482.00 482.00 482.00 482.00
USDTJS 9.4160 0.0060 0.06% 9.2218 9.2723 9.3236 9.3750
USDKGS 69.25 0.2500 0.36% 68.51 69.01 69.50 70.00
USDMVR 15.4200 0.0000 0.00% 15.7423 16.0707 16.4069 16.7507
USDJOD 0.709 0.0000 0.00% 0.730 0.740 0.700 0.700
USDKWD 0.3032 0.0002 -0.07% 0.3100 0.3100 0.3000 0.3000

Australia Price Day Q3/18 Q4/18 Q1/19 Q2/19
AUDUSD 0.72560 0.0005 -0.07% 0.72529 0.71236 0.69966 0.68726
NZDUSD 0.65817 0.0019 0.28% 0.66242 0.64862 0.63516 0.62197
USDPGK 3.3133 0.0000 0.00% 3.3461 3.4033 3.4615 3.5207
USDXPF 104.35 0.2700 -0.26% 103.92 105.90 107.91 109.95
USDFJD 2.1209 0.0044 0.21% 2.1394 2.1788 2.2192 2.2603

Africa Price Day Q3/18 Q4/18 Q1/19 Q2/19
USDNGN 305.02 0.0200 0.01% 364.10 421.52 487.98 564.94
USDZAR 14.7089 0.0107 -0.07% 14.2003 14.7248 15.2672 15.8314
USDZMW 10.1900 0.0150 0.15% 10.2473 10.5266 10.8149 11.1102
USDEGP 17.8990 0.0490 0.27% 18.0303 18.1379 18.2472 18.3565
USDDZD 118.81 0.0075 0.01% 118.46 119.51 120.57 121.65
USDAOA 270.07 1.5850 0.59% 258.61 268.93 279.65 290.82
USDMAD 9.5640 0.0076 -0.08% 9.6010 9.7130 9.8269 9.9417
USDSDG 17.9552 0.0552 0.31% 21.6251 26.0457 31.3694 37.7811
USDKES 100.65 0.0500 -0.05% 101.11 101.63 102.15 102.67
USDETB 27.4327 0.0000 0.00% 28.2233 29.2025 30.2172 31.2647
USDTZS 2,277.00 6.0000 -0.26% 2,281.80 2,293.61 2,305.64 2,317.67
USDTND 2.7721 0.0025 -0.09% 2.7188 2.8124 2.9091 3.0093
USDLYD 1.3895 0.0023 -0.17% 1.3841 1.3965 1.4088 1.4214
USDGHS 4.8150 0.0400 -0.82% 4.9099 5.0222 5.1374 5.2550
USDCDF 1,621.67 8.6700 0.54% 1,663.20 1,726.80 1,792.64 1,861.20
USDUGX 3,752.47 2.4700 0.07% 3,872.30 3,899.98 3,927.67 3,955.35
USDMZN 58.50 0.0000 0.00% 60.15 61.52 62.93 64.37
USDBWP 10.7645 0.0640 -0.59% 10.6592 10.9275 11.2030 11.4858
USDXAF 588.58 0.5200 0.09% 596.03 618.10 640.97 664.65
USDNAD 14.7200 0.0050 0.03% 14.1668 14.6570 15.1636 15.6894
USDSSP 145.15 0.0000 0.00% 140.15 141.37 142.59 143.85
USDMUR 34.7000 0.0500 0.14% 35.2479 35.9596 36.6852 37.4280
USDMGA 3,315.00 0.0000 0.00% 3,569.84 3,850.19 4,152.40 4,478.10
USDRWF 877.25 0.1931 0.02% 918.02 965.68 1,015.77 1,068.48
USDGNF 8,950.00 56.0000 -0.62% 9,111.26 9,218.42 9,327.38 9,437.24
USDMRO 357.30 1.3000 0.37% 359.73 362.16 364.62 367.13
USDSLL 8,630.00 30.0000 0.35% 8,275.77 8,455.59 8,638.65 8,826.57
USDXOF 573.48 2.2600 0.40% 587.32 608.52 630.52 653.25
USDMWK 713.44 0.0100 0.00% 720.62 727.19 733.76 740.47
USDERN 15.2800 0.2800 1.87% 15.6360 16.2990 16.9905 17.7105
USDSZL 14.7210 0.0230 0.16% 14.1664 14.6540 15.1580 15.6797
USDBIF 1,764.00 1.2900 -0.07% 1,776.79 1,793.16 1,809.71 1,826.26
USDLSL 14.7128 0.0005 0.00% 14.1789 14.6881 15.2150 15.7612
USDLRD 153.50 0.4000 0.26% 159.75 168.69 178.15 188.12
USDCVE 96.72 0.0000 0.00% 96.36 98.14 99.96 101.81
USDDJF 177.30 0.2000 -0.11% 178.92 180.36 181.80 183.25
USDSCR 12.8347 0.6653 -4.93% 14.8939 16.5176 18.3172 20.3142
USDSOS 575.00 0.0000 0.00% 575.00 575.00 575.00 575.00
USDGMD 48.5000 0.0000 0.00% 50.3094 53.0073 55.8484 58.8423
USDKMF 431.13 2.9000 -0.67% 431.87 442.73 453.90 465.35
USDSTD 21,040.00 35.0000 0.17% 21,647.75 22,309.41 22,992.07 23,695.74

TRADING ECONOMICS forecasts are based on its analysts expectations and proprietary global macro models. We work hard to make sure any information we present is accurate and reliable. However, our forecasts are not recommendations to buy or sell nor we are a registered investment adviser. Moreover, the past performance of our models is not necessarily indicative of future results.