News Rain Nigeria brings you compiled dollar to naira exchange rates daily during the week so our readers can easily have access to the rates the American dollar exchanged against the Nigerian naira each day for the week.
The dollar to naira exchange at the official market, as well as, at the parallel market otherwise known as the black market for each day during the week will be accessed by our readers.
News Rain Nigeria reports that the Nigerian official currency, Naira has fallen massively weeks after a steady rise which saw it gaining over N25 since it fell to its lowest of N575 to a dollar on September 20, 2021.
This online news platform understands that survey at the Bureau De Change (BDC) market in Ogba area of Lagos, Nigeria’s commercial city, on Sunday evening, November 21, 2021, showed that the Naira exchanged at N560/$1, two weeks after it exchanged for N530/$1…Read More..!
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦564 and the price can change (high or low) within hours.
BREAKING: Naira Hits Strong At Parallel Market
News Rain Nigeria has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦413.53 per dollar on Monday, 22 November 2021, after it closed at ₦414.40 per $1 on Friday, 19 November 2021. This represents a change of 0.00%.
How much is exchange rate of Dollar to Naira in Black Market today?
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
The naira, on Friday, depreciated against the dollar at the parallel section of the foreign exchange market.
Bureaux De Change (BDC) operators in Lagos said on Friday that the naira exchanged for N545 per dollar at the street market.
This represents N15 or 2.8 percent depreciation when compared to the N530 it traded last week.
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦547 and the price can change (high or low) within hours.
The official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
The Nigerian official currency, Naira has fallen weeks after a steady rise which saw it gaining over N25 since it fell to its lowest of N575 to a dollar on September 20, 2021.
This online news platform understands that survey at the Bureau De Change (BDC) market in Wuse Zone 4 in Abuja, Nigeria’s capital and Ogba area of Lagos, Nigeria’s commercial city, last week, showed that the Naira exchanged between N525 and N530/$1
Naira strengthened against the US dollar last week to a 2-month high of N535/$1 at the black market, thereby reducing the gap between the parallel and the official rates; an uptick that was driven by a significant drop in demand for FX at the black market…..Read More…
Naira has launched a sustained recovery at the parallel market, gaining N25 since it fell to its lowest of N575 to a dollar on September 20, 2021.…..Read More….
The US dollar gained on Friday evening, November 12, 2021 as the dollar closed the day at ₦540 with a gain of ₦10 at the parallel market also known as the black market after a “major fall”……Read More….
The US dollar crashed on Thursday, November 11, 2021 as Naira opened the day at ₦535 with a massive gain of ₦20 at the parallel market also known as the black market…..Read More…
Nigeria’s local currency, naira, rises against the United States dollar weekend but analysts appear not to be satisfied with a relatively overpriced local currency, thus expecting further devaluation at Investors and Exporters foreign exchange rate window.
Data from the FMDQ Exchange platform showed that Naira traded at N414.30 to a dollar in the Investors and Exporters window, gaining 0.2% week on week against the previous record.
While external reserves position has expanded significantly following an inflow from foreign currency borrowings of $4 billion and about $3.5 billion inflow from special drawing rights, the naira has faced many pressures, crossing N420 briefly at investors and exporters foreign exchange window.
This week, Nigeria’s foreign currency reserves snapped its ten consecutive weeks of accretion as it closed lower by $102.20 million week on week to $41.73 billion, according to Cordros Capital in a macroeconomic note.
In the parallel market, the foreign exchange rate has worsened after the central bank decision to ban weekly dollar supply to bureau de change operators in July. However, low dollar supply has persisted despite growing prices of oil in the global market,
Naira has weakened again days after gaining against dollar.
Nigeria’s official currency crashed at parallel market also known as the black market on Wednesday, November 3, 2021, after gaining “massively” last week.
Naira has gained massively with dollar crashing at black market.
American official currency, dollar crashed at the parallel market also known as the black market on Monday, November 1, trading at ₦565 per a dollar with Bureau De Change (BDC) operators buying at at ₦555 per a dollar as at 9:15 am in the Lagos market.
The dollar has started November on a free fall against Naira at the black market.
American official currency, dollar crashed at the parallel market also known as the black market on Monday, November 1, trading at ₦565 per a dollar with Bureau De Change (BDC) operators buying at at ₦555 per a dollar as at 9:15 am in the Lagos market.
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