This is the news on the Dollar to Naira rate at the official and black market exchange rates on Friday, February 11th, 2022.
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, Friday, February 11th, 2022, the official rate for $1 to naira is 415.31/$1.
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The exchange rate between the naira and the US dollar began at 415.31/$1 on Friday 11th, after closing at 416.67 to a $1 on Thursday 10th January 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 Friday February 11th 2022, participants in the Lagos Parallel Market (Black Market) buy a dollar for N568 and sell it for N570 (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.
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Trading at the NAFEX official window
On the 11th of February 2022, the naira and the US dollar exchange rate began at 415.31/$1 and finished at 416.00/$1. There has been a shift of -0.16 percent.
The daily currency turnover is $84.65 million, according to FMDQ data.
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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