This is the latest information on the official and black market exchange rates of the US dollar to the Nigerian naira.
Anaedoonline.ng will keep you up to current on official dollar rates, as well as Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) prices.
What Is Today’s Official Dollar To Naira Exchange Rate?
Today, Thursday, March 17, 2022, the official rate for one dollar to one naira is 416.08/$1.
15 March 2022: See How Much Naira Exchange To Naira Today
The exchange rate between the naira and the US dollar began at 416.08/$1 on Thursday 17th, after closing at 416.50 to a $1 on Wednesday 16th March 2022, according to statistics from the FMDQ Security Exchange, where currency is legally exchanged.
According to Anaedoonline.ng, the dollar to naira exchange rate has remained stable at N416.69 per dollar since the start of the year.
On the black market, how much is a dollar worth in naira today?
According to reports at the Bureau De Change, on Thursday, March 17th 2022, participants in the Lagos Parallel Market (Black Market) buy a dollar for N575 and sell it for N580 (BDC).
Please be aware that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), and has advised anyone interested in trading Forex to contact their local banks.
8 March 2022: See How Much Naira Exchange To Dollar Today
Trading at the NAFEX official window
On March 17, 2022, the naira and the US dollar exchange rate started at 416.08/$1 and concluded at 416.67/$1. There has been a 0.04 change.
According to FMDQ statistics, the forward rate has fluctuated between 453.25 and 420.00.
Spot rate: The dollar sold for as much as 444.00 naira and as little as 410.00 naira.
The current price level in the market for immediately exchanging one currency for another for delivery on the earliest feasible value date is known as the spot exchange rate.
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