Dollar To Naira Exchange Rate Today 31 December 2021

Dollar To Naira Exchange Rate Today 31 December 2021

 

This is the news about Dollar to Naira rate at the official and black market exchange rate Today December 31, 2021.

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World Farmers Centre update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

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The official rate today, Friday December 31st, for $1 dollar to naira = ₦420.67/$1.

According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦420.67/$1 on Friday 31st, after it closed at ₦435.00 to a $1 on Thursday, 30th December 2021.

How much is exchange rate of Dollar to Naira in Black Market today?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N560 and sell at N565 on Friday, December 31st 2021, according to sources at Bureau De Change (BDC).

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Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦420.67/$1 on 31st December 2021 after closing at ₦435.00/$1. Showing a change of 1.66%.

According to data from FMDQ, forex turnover stands at $227.29 million.

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