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Dollar To Naira Exchange Rate Today 2nd July 2023 (Black Market)
Dollar to Naira exchange rate for today, Sunday 2nd July 2023 can be accessed below.
News Rain Nigeria has obtained the official dollar to the naira exchange rate in Nigeria today, including the Bureau De Change (BDC) rate and CBN rates.
What Is The Official Exchange Rate For Dollar To Naira Today?
The dollar rates in the investors’ and exporters’ window of the official market and that of the Bureau De Change (BDC) window in the black market continue to converge.
Many individuals are curious about the exchange rate of the Naira to Dollar in the black market. The dollar to Naira rate in the Lagos Parallel Market (commonly known as the Black Market) offers a comprehensive view. According to information from Bureau De Change (BDC) sources, traders were buying a dollar for N769 and selling it for N772.
Dollar to naira rate today black market
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦769 |
| Selling Rate | ₦772 |
How much is dollar to naira CBN rate
The parallel exchange rate (black market rate) is always different from the CBN rate. The exchange rate between the US dollar and the Nigerian Naira significantly impacts the Nigerian economy.
As the Naira falls in value, inflation takes over the economy, which usually impacts the inhabitants. The Central Bank has stated that the Nigerian economy needs a significant turnaround and has asked Nigerians to work toward this goal, such as increasing exports.
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
|---|---|---|---|---|
| 6/27/2023 | US DOLLAR | 758.78 | 759.28 | 759.78 |
| 6/27/2023 | POUNDS STERLING | 967.0651 | 967.7024 | 968.3396 |
| 6/27/2023 | EURO | 830.7882 | 831.3357 | 831.8831 |
| 6/27/2023 | SWISS FRANC | 846.7582 | 847.3161 | 847.8741 |
| 6/27/2023 | YEN | 5.2646 | 5.268 | 5.2715 |
| 6/27/2023 | CFA | 1.2163 | 1.2263 | 1.2363 |
| 6/27/2023 | WAUA | 989.833 | 990.4852 | 991.1375 |
| 6/27/2023 | YUAN/RENMINBI | 105.1122 | 105.1819 | 105.2516 |
| 6/27/2023 | RIYAL | 202.309 | 202.4423 | 202.5756 |
| 6/27/2023 | SOUTH AFRICAN RAND | 41.0205 | 41.0475 | 41.0745 |
Disclaimer: NEWS RAIN NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.
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