This is the latest information on the official and black market exchange rates of the US dollar to the Nigerian naira.
Anaedoonbline.ng will keep you up to date on official dollar rates, as well as Black Market, Bureau De Change (BDC), and CBN prices.
What Is Today’s Official Dollar To Naira Exchange Rate?
Today, Tuesday, March 15, 2022, the official rate for $1 to naira is 416.04/$1.
15 March 2022: See How Much Naira Exchange To Naira Today
The exchange rate between the naira and the US dollar began at 416.04/$1 on Tuesday 15th, after closing at 416.50 to a $1 on Monday 14th 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 Tuesday, March 15th 2022, participants in the Lagos Parallel Market (Black Market) buy a dollar for N575 and sell it for N580 (BDC).
8 March 2022: See How Much Naira Exchange To Dollar Today
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
According to data from FMDQ, forward rate went as high as ₦453.15 and as low as ₦420.00.
Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦410.00.
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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