Dollar To Naira Exchange Rate/Black Market Rate Today 31 January 2022

Dollar To Naira Exchange Rate/Black Market Rate Today 31 January 2022

 

Dollar to naira exchange rate today

-Advertisement-

This is the news about the Dollar to Naira rate at the official and black market exchange rate.

-Advertisement-
Learn More

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

-Advertisement-

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

The official rate today, Friday, January 28th, 2022, for $1 dollar to naira = ₦415.42/$1.

READ ALSO: BOA Review Requirement For Farmers’ Loans (Details)

According to the data at the FMDQ Security Exchange where forex is traded officially, the exchange rate between the naira and the US dollar opened at ₦415.42/$1 on Friday 28th, after it closed at ₦416.33 to a $1 on Thursday, 27th January 2022.

It was reported that the dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.

How much is a dollar to naira today in the black market?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N567 and sell at N570 on Friday, January 28th, 2022, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize 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 ₦415.42/$1 on 28th January 2022 and closed at ₦416.00/$1. Showing a change of -0.08%.

READ ALSO: The Major Cause of High Costs of Farming Inputs and Farm Produce

According to data from FMDQ, forex daily turnover stands at $81.29 million.

Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦405.00

A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date.

-Advertisement-

We do everything possible to supply quality information for farmers day in, day out and we are committed to keep doing this. Your kind donation will help our continuous research efforts.

Get in Touch

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related Articles

Click here for more!

Get in Touch

4,664FansLike
420FollowersFollow

Latest Posts