The spread between the parallel and official markets rates stood at N118.33 as of the close of business on Thursday, leaving a disparity of 22.33 per cent. The official window experienced a decrease in foreign exchange turnover by 39.10 per cent, with $296.34 million recorded as against the $486.31 million posted in the previous session on Wednesday. Naira hit an intraday high of N400.00 and a low of N413.00 at the trading session before closing at N411.67 on Thursday. READ ALSO: Naira loses at black market first time in five days The domestic currency’s performance on Thursday implies a N0.17 or 0.04 per cent devaluation from the N411.50 rate it traded in the previous session on Wednesday.
The rates are obtained from currency traders on the streets of Lagos, Port Harcourt, Abuja, and also Kano. However, at the beginning of last month, the initial US Dollar rate was recorded as 524. Today’s US Dollar to Naira conversion rate in Nigeria is 565. 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 413.94 per dollar on Friday, 3 December 2021, after it closed at 414.80 per 1 on Thursday, 2 December 2021. However, our focus here is on currency transactions on the illicit market. does not determine the exchange rates of currencies it publishes. Numerous items are offered on the black market. dollar at the official market as foreign exchange supply plummeted significantly.ĭata posted on the FMDQ Security Exchange where forex is officially traded showed that the naira closed at N411.67 per $1 at the official market on Thursday. The USD to Naira black market exchange rate for today Decemis 562.00 on the streets of Lagos. Similarly, the naira weakened further against the U.S. How Much Is Dollar To Naira Exchange Rate Today Official Rate As of today, Wednesday, November 3rd, FMDQ Security Exchange disclosed that 1 to naira 414.26/1 1 at the official market after it closed at 414.98 to a 1 on Monday, 2 November 2021. Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed.
This translates to a N2.00 or 0.40 per cent devaluation from N528.00 rate recorded in the previous session on Wednesday. The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Monday, October 25 it is being bought at N565.00 to a 1 and sold for N572, according to sources at Bureau De Change (BDC). dollar at the parallel market on Thursday as the currency exchanged hands with the greenback at N530 per $1.
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