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, June 10th, 2022, the official rate for $1 to naira is 419.34/$1.
The exchange rate between the naira and the US dollar began at 419.34/$1 on Friday 10th June 2022, according to data acquired from the FMDQ, where the naira is legally exchanged, after closing at 422.50 to a dollar on Thursday, 9th June 2022.
LATEST: See How Much Dollar Exchange To Naira Today 11 October 2021
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 N585 and sell it for N604 on Friday, June 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.
11th February 2022: See How Much Dollar Exchange To Naira Today
Today’s black market rate of the dollar to the naira
The current buying rate is 585, while the current selling rate is 604.
Trading at the NAFEX official window
On the 10th of June, 2022, the naira and the US dollar exchange rate began at 419.34/$1 and concluded at 421.25/$1.
With a daily turnover of $105.11 million and a change of –0.30 percent.
According to FMDQ statistics, the forward rate reached a high of 453.55 and a low of 419.98.
24 May 2022: See The Black Market, Official Rate For Dollar Today
Spot rate: The dollar reached a high of 444.00 and a low of 413.00 against the 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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