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, Monday, March 7, 2022, the official rate for $1 to naira is 415.84/$1.
See How Much Dollar Exchange To Naira Today 23 November 2021
According to statistics from the FMDQ Security Exchange, where currency is legally exchanged, the naira and the US dollar exchange rate began at 415.84/$1 on Monday, March 7th, after closing at 416.67/$1 on Friday, March 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, March 7th 2022, participants in the Lagos Parallel Market (Black Market) buy a dollar for N572 and sell it for N577 (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.
See How Much Dollar Exchange To Naira Today 19 November 2021
Trading at the NAFEX official window
On March 7, the naira and the US dollar exchange rate began at 415.84/$1 and finished at 416.34/$1.
According to FMDQ data, the daily forex turnover is…
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.
Follow us on Facebook
Post Disclaimer
The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.