Business
Dollar To Naira Exchange Rate Today Monday 21st November 2022(Black Market)
The dollar to Naira Exchange rate at the black/parallel market today, 21st November 2022 can be accessed below.
The rate is between ₦775 and ₦785. See today’s Dollar to Naira exchange rate. You convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent black market or parallel market rate.
On this page, you can discover all the facts and the current rate for dollar to Naira, both the CBN and the black market rate.
How Much is Dollar to Naira and the official Exchange Rate today, 21st November 2022?
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 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.
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 available on the black/parallel market.
Dollar to Naira Black Market Rate Today, 21st November 2022
Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
Selling Rate | 785 |
Buying Rate | 780 |
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
