This is the latest news on the Dollar to Naira exchange rate, both official and black market.
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, Tuesday, April 26th, 2022, the official rate for $1 to naira is 417.50/$1.
21 April 2022: See How Much Naira Exchange To Dollar Today
According to statistics received from the FMDQ, where the naira is legally exchanged, the exchange rate between the naira and the US dollar began at 417.30 to a dollar on Tuesday, April 26th, after closing at 417.30 to a dollar on Monday, April 25th, 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 Tuesday, April 26th 2022, participants in the Lagos Parallel Market (Black Market) buy a dollar for N570 and sell it for N586 (BDC).
11 April 2022: See How Much Naira Exchange To Dollar Today
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 570, while the Selling Rate is 586.
Trading at the NAFEX official window
On April 26th, 2022, the naira and the US dollar exchange rate began at 417.50/$1 and concluded at 418.50/$1. With a daily turnover of $109.43 million and a change of 0.29 percent.
According to FMDQ statistics, the forward rate reached a high of 453.15 and a low of 419.98.
8 April 2022: See How Much Naira Exchange To Dollar Today
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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