The official and black market exchange rates for the Dollar to Naira are as follows.
Anaedoonline.ng keeps you up to speed 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, Friday, May 6th, 2022, the official rate for $1 to naira is 417.90/$1.
4th May 2022: See How Much Naira Exchange To Dollar Today
The exchange rate between the naira and the US dollar began at 417.90/$1 on Friday 6th, according to data acquired from the FMDQ, where the naira is officially exchanged, after closing at 419.00/$1 on Thursday, 5th May 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 Friday, May 6th 2022, participants 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 anyone interested in trading Forex to contact their local banks.
See How Much Dollar Exchange To Naira Today 19 November 2021
Today’s Black Market Dollar to Naira Exchange Rate
The buying rate is 570, while the selling rate is 590.
Trading at the NAFEX official window
On May 6, 2022, the naira and the US dollar exchange rate started at 417.90/$1 and finished at 417.00/$1.
With a daily turnover of $88.42 million and a change of -0.48%.
According to FMDQ statistics, the forward rate has fluctuated between 423.85 and 414.00.
Spot rate: The dollar went for as much as 444.00 naira and as little as 410.03.
LATEST: See How Much Dollar Exchange To Naira Today 11 October 2021
The current price level in the market to immediately exchange one currency for another for delivery on the earliest feasible value date is known as the spot exchange rate.
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