21 March 2022: See How Much Naira Exchange To Dollar Today

This is the latest information on the official and black market exchange rates of the US dollar to the Nigerian naira.

Anaedoonline.ng keeps track of official dollar rates as well as Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) rates.

What Is Today’s Official Dollar To Naira Exchange Rate?

Today, Friday, March 18, 2022, the official rate for $1 to naira is 415.90/$1.

18 March 2022: See How Much Naira Exchange To Dollar Today

The exchange rate between the naira and the US dollar began at 415.90/$1 on Friday 18th, after closing at 416.67/$1 on Thursday 17th March 2022, according to statistics from the FMDQ Security Exchange, where forex is officially exchanged.

Since the start of the year, the dollar to naira exchange rate has averaged N416.69 per dollar on Anaedoonline.ng.

On the black market, how much is a dollar worth in naira today?

According to reports at the Bureau De Change, on Friday, March 18th 2022, players in the Lagos Parallel Market (Black Market) buy a dollar for N570 and sell it for N590 (BDC).

Please be aware that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), and has advised individuals interested in trading Forex to contact their local banks.

15 March 2022: See How Much Naira Exchange To Naira Today

Trading at the NAFEX official window

The exchange rate between the naira and the US dollar opened at ₦415.90/$1 on 18th March, 2022 and closed at ₦416.50/$1. Showing a change of -0.04.

According to data from FMDQ, forward rate went as high as ₦432.10 and as low as ₦423.85.

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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