We’re back with more information on the Dollar to Naira conversion rate, both official and black market.
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, Monday, February 7th, 2022, the official rate for $1 to naira is 415.42/$1.
2nd February 2022: See How Much Dollar Exchange To Naira Today
According to statistics from the FMDQ Security Exchange, where currency is legally exchanged, the naira and the US dollar exchange rate began at 415.42/$1 on Monday, January 7th, after closing at 416.33 to a $1 on Friday, January 4th, 2022.
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 Monday February 7th 2022, participants in the Lagos Parallel Market (Black Market) buy a dollar for N565 and sell it for N568 (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.
LATEST: See How Much Dollar Exchange To Naira Today 11 October 2021
Trading at the NAFEX official window
On the 7th of February 2022, the naira and the US dollar exchange rate began at 415.42/$1 and finished at 416.50/$1. There has been a 0.04 percent change.
The daily currency turnover is $125.10 million, according to FMDQ data.
Spot rate: The dollar traded for as much as 444.00 naira and as little as 404.00 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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