This is the official report for black market and official rate for the Dollar to Naira exchange rate.
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 17th, 2022, the official rate for $1 to naira is 417.42/$1.
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The exchange rate between the naira and the US dollar began at 417.42/$1 on Tuesday, May 17th, according to data acquired from the FMDQ, where Naira is legally exchanged. It finished at 421.50 to a dollar on Monday, May 16th, 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 N595 on Tuesday, May 17th 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.
See How Much Dollar Exchange To Naira Today 12 November 2021
Today’s Black Market Dollar to Naira Exchange Rate
The Buying Rate is 580, while the Selling Rate is 595.
Trading at the NAFEX official window
On May 17, 2022, the naira and the US dollar exchange rate started at 417.42/$1 and finished at 418.50/$1.
With a daily turnover of $105.11 million and a change of -0.71 percent.
According to FMDQ statistics, the forward rate has fluctuated between 432.00 and 419.98.
See How Much Dollar Exchange To Naira Today 19 November 2021
Spot rate: The dollar traded between 444.00 and 410.00 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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