Business
CBN Naira To Dollar Exchange Rate Today 3 November 2023
CBN naira to dollar exchange rate today 3 November 2023 can be accessed below.
The official CBN Dollar To Naira exchange rate today, which also includes exchange rates of Pounds to Naira, Euro to Naira, and more popular currencies used by Nigerians.
IMPORTANT NOTICE: Please keep in mind that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has recommended individuals interested in Forex contact their respective banks before proceeding.
The parallel exchange rate (black market rate) always differs from the CBN rate. The exchange rate between the USD and the Nigerian Naira significantly impacts the Nigerian economy.
CBN Naira To Dollar Exchange Rate Today 3 November 2023
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.
The black market rate for dollars is frequently higher than the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate at which you can purchase or sell dollars for Naira on the CBN dollar-to-naira website.
Newsrain Nigeria reports that the dollar-to-naira bank rate is the rate you use when you buy something from a foreign website with your Naira MasterCard or Debit card from a Nigerian bank. These rates are almost always cheaper than those on the black/parallel market.
What is the CBN official Naira to foreign exchange rate today?
The CBN Dollar to naira exchange rate today: The exchange rate for a dollar to naira at the official window is N788.33 as of Friday, 3 November 2023, according to the data published by CBN.
The CBN exchange rate of dollar to naira today, according to the data posted on the Central Bank of Nigeria (CBN) Currency Exchange Rate where forex is official is as follows:
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
|---|---|---|---|---|
| 11/2/2023 | US DOLLAR | 806.273 | 806.773 | 807.273 |
| 11/2/2023 | POUNDS STERLING | 982.2018 | 982.8109 | 983.42 |
| 11/2/2023 | EURO | 857.3907 | 857.9224 | 858.4541 |
| 11/2/2023 | SWISS FRANC | 890.9094 | 891.4619 | 892.0144 |
| 11/2/2023 | YEN | 5.3616 | 5.3649 | 5.3682 |
| 11/2/2023 | CFA | 1.29 | 1.3 | 1.31 |
| 11/2/2023 | WAUA | 1066.2695 | 1066.9308 | 1067.592 |
| 11/2/2023 | RIYAL | 214.9144 | 215.0477 | 215.181 |
| 11/2/2023 | DANISH KRONA | 114.8488 | 114.92 | 114.9912 |
| 11/2/2023 | SDR | 1059.3621 | 1060.019 | 1060.676 |
Below you can see the chart for the Nigerian Naira rate today compared to the Dollar
| 1 USD = 788.33 NGN |
| 1 Dollars = 788.33 Nigerian Naira |
| The USDNGN rate as of 3 Nov 2023 |
Full List: Trump Plans Travel Ban On 41 Countries
See Photos As Pastor Adeboye Unveils Stadium And Swimming Pool At RCCG Redemption City
Black Market Dollar To Naira Exchange Rate Today 15th March 2025
ICYMI: See Full List Of Europa League Top Scorers Ahead Of Quarter-Final Fixtures
Primate Ayodele Reveals Why PDP May Lose Presidential Election
Asian Banker Awards: FirstBank Maintains Dominance In SME Banking Across Nigeria, Africa
Unity Bank Hosts IWD Webinar, Commits To Accelerating Action Towards Gender Equality
First Bank Refutes Allegations of N55 million Fraud, Says Allegations Unfounded And False
Woman Dies After Jumping Off Third Mainland Bridge
