This is the latest information on the official and black market exchange rates of the US dollar to the Nigerian naira.
Follow the latest updates from Anaedoonline.ng 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, Wednesday, February 16th, 2022, the official rate for $1 to naira is 415.79/$1.
See How Much Dollar Exchange To Naira Today 16 December 2021
The exchange rate between the naira and the US dollar began at 415.79 to a dollar on Wednesday, January 16th, according to statistics from the FMDQ Security Exchange, where currency is legally transacted. It ended at 416.00 to a dollar on Tuesday, January 15th, 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 Bureau De Change, on Wednesday, February 16th 2022, the exchange rate for a dollar to naira in the Lagos Parallel Market (Black Market) was N570 for a dollar and N575 for a dollar (BDC).
See How Much Dollar Exchange To Naira Today 23 November 2021
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.
Trading at the NAFEX official window
The exchange rate between the naira and the US dollar opened at ₦415.50/$1 on 16th February 2022 and closed at ₦416.50/$1. Showing a change of 0.12%.
According to data from FMDQ, forex daily turnover stands at $130.73 million.
Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦410.00
See How Much Dollar Exchange To Naira Today 16 December 2021
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.
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