Currencies

United States Dollar to Nigerian Naira USD NGN 1 USD 1,590.158378 NGN 5 USD 7,950.79189 NGN 10 USD 15,901.58378 NGN 25 USD 39,753.95945 NGN 50 USD 79,507.9189 NGN 100 USD 159,015.8378 NGN 500 USD 795,079.189 NGN 1,000 USD 1,590,158.378 NGN 5,000 USD 7,950,791.890000001 NGN 10,000 USD 15,901,583.780000001 NGN 50,000 USD 79,507,918.900000006 NGN Nigerian Naira to United States Dollar NGN USD 1 NGN 0.000628868 USD 5 NGN 0.003144341 USD 10 NGN 0.006288682 USD 25 NGN 0.015721704 USD 50 NGN 0.031443409 USD 100 NGN 0.062886818 USD 500 NGN 0.314434088 USD 1,000 NGN...

BENGALURU: Asian currencies rose against the dollar on Friday as US President Donald Trump’s tariffs on trading partners prompted a rush out of the world’s reserve currency, though stocks remained subdued on lingering tariff concerns. The US dollar index fell below 100 against a basket of major units for the first time since July 2023 as investors ditched US assets for other safe-havens like the Swiss franc, yen, euro and gold. Singapore’s dollar firmed to its highest level in more than five months, while Malaysia’s ringgit appreciated by 0.7%. The...

Foreign currency assets (FCA), which make up the largest share of the reserves, stood at 574.09 billion. (image source: Canva) India’s foreign exchange reserves surged to a record $676.3 billion as of April 4, reflecting a robust weekly increase of $10.9 billion, according to data released by the Reserve Bank of India (RBI). The spike came during a week marked by the US dollar's decline across global currency markets, following heightened trade tensions spurred by President Donald Trump's tariff offensive. Compared to end-March 2025, forex reserves have climbed by $7.9...

The South American nation’s central bank announced that it will undo a fixed currency peg from Monday, letting the peso freely fluctuate within a moving band between 1,000 and 1,400 pesos per dollar, versus 1,074 at the close on Fridayread moreArgentina dismantled key parts of its years-long currency controls and loosened its grip on the peso on Friday as it sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund (IMF).The IMF deal lays out an immediate disbursement $12 billion, and a first review is planned...

The U.S. dollar is usually considered a safe haven, especially during times of market volatility and economic uncertainty. However, the value of the dollar has been falling as investors sell U.S. assets amid President Donald Trump’s escalating trade war and mounting concerns about U.S. economic growth. What is the value of the dollar? The value of the U.S. dollar is measured in two ways: domestically and internationally.Domestically, the value of the dollar is also known as its purchasing power. The dollar’s value is tied to prices and inflation. When prices...

President Trump’s tariff regime has rocked investor confidence in what has long been considered not only a safe bet for investors, but a bedrock of the American economy: US Treasury bonds. The longstanding perception that Treasurys are a “risk-free” place to park money — a perception that has long been crucial for the US government, businesses and consumers alike to keep borrowing costs low — is being eroded as Wall Street struggles to make sense of Trump’s strategy, according to experts. “Put simply, the US long-bond rate — the Treasury...

(MENAFN- IANS) Mumbai, April 11 (IANS) India's foreign exchange reserves surged by $10.8 billion to $676.3 billion during the week ended April 4, according to data released by the Reserve Bank of India on Friday.This is the fifth consecutive week to register an increase in forex reserves.The foreign currency assets, a component of India's reserves, rose by $9 billion to $574.08 billion, while the gold reserves portion increased by $1.5 billion to $79.36 billion, the RBI's weekly statistical report showed.Besides, Special Drawing Rights (SDR) went up by $186 million to...

(MENAFN- IANS) Mumbai, April 11 (IANS) India's foreign exchange reserves surged by $10.8 billion to $676.3 billion during the week ended April 4, according to data released by the Reserve Bank of India on Friday.This is the fifth consecutive week to register an increase in forex reserves.The foreign currency assets, a component of India's reserves, rose by $9 billion to $574.08 billion, while the gold reserves portion increased by $1.5 billion to $79.36 billion, the RBI's weekly statistical report showed.Besides, Special Drawing Rights (SDR) went up by $186 million to...

(MENAFN- IANS) Mumbai, April 11 (IANS) India's foreign exchange reserves surged by $10.8 billion to $676.3 billion during the week ended April 4, according to data released by the Reserve Bank of India on Friday.This is the fifth consecutive week to register an increase in forex reserves.The foreign currency assets, a component of India's reserves, rose by $9 billion to $574.08 billion, while the gold reserves portion increased by $1.5 billion to $79.36 billion, the RBI's weekly statistical report showed.Besides, Special Drawing Rights (SDR) went up by $186 million to...

Dollar strength is waning amid tariff backlash and the US should be prepared to face some tough consequences as a result, Deutsche Bank wrote this week. The US Dollar Index, which measures the greenback against a basket of other major currencies currencies, has dropped to a three-year low as of Friday, trading below the 100 mark."A breakdown from the dollar's consolidation range would not only be technically significant but could also stoke fear over the health of the U.S. economy," LPL Financial's Adam Turnquist said on Friday. The steep plunge...