Dollar To Naira Exchange Rate/Black Market Rate

0
97

Dollar To Naira Exchange Rate/Black Market Rate

 

-Advertisement-

Dollar to naira exchange rate today

-Advertisement-
Learn More

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

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?

READ ALSO: How to Care for a Malnourished Dog

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 Monday 7th, after it closed at ₦416.33 to a $1 on Friday, 4th January 2022

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 N565 and sell at N568 on Monday February 7th 2022, according to sources at Bureau De Change (BDC).

READ ALSO: 5 Reasons Why You Need to Eat Turkey for Your Health

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 7th February 2022 and closed at ₦416.50/$1. Showing a change of 0.04%.

According to data from FMDQ, forex daily turnover stands at $125.10 million.

Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦404.00

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.

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here