This is the latest information on the official and black market exchange rates of the US dollar to the Nigerian naira.
Anaedoonline.ng keeps you up to date on Nigeria’s official dollar rate, 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, April 20th, 2022, the official rate for $1 to naira is 418.25/$1.
The exchange rate between the naira and the US dollar began at 418.25/$1 on Wednesday 20th, after closing at 417.00/$1 on Tuesday, 19th April 2022, according to data acquired from the FMDQ, where Naira is officially 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 Wednesday, April 20th 2022, participants in the Lagos Parallel Market (Black Market) buy a dollar for N580 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 anyone interested in trading Forex to contact their local banks.
Today’s black market rate of the dollar to the naira
The Buying Rate is 580, while the Selling Rate is 590.
Trading at the NAFEX official window
On April 20, 2022, the naira and the US dollar exchange rate began at 418.25/$1 and finished at 418.33/$1.
With a daily turnover of $151.07 million and a change of 0.32 percent.
According to FMDQ statistics, the forward rate reached a high of 453.15 and a low of 419.98.
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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