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, Tuesday, May 10th, 2022, the official rate for $1 to naira is 417.70/$1.
The exchange rate between the naira and the US dollar began at 417.70/$1 on Tuesday, May 10th, according to data acquired from the FMDQ, where Naira is legally exchanged, after closing at 419.00/$1 on Monday, May 9th, 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, participants in the Lagos Parallel Market (Black Market) acquire a dollar for N580 and sell it for N592 on Tuesday, May 10th 2022. (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 Dollar to Naira Exchange Rate
The Buying Rate is 580, while the Selling Rate is 592.
Trading at the NAFEX official window
On May 10, 2022, the naira and the US dollar exchange rate started at 417.70/$1 and finished at 418.25/$1.
With a daily turnover of $234.54 million and a change of -0.18%.
According to FMDQ statistics, the forward rate has fluctuated between 453.25 and 423.85.
Spot rate: The dollar traded between 444.00 and 412.00 against the naira.
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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