Connect with us


Daily Naira Exchange Rates; Tuesday December 15, 2020



Naira - Investors King

Naira Black Market Exchange Rates

Date USD GBP EURO YUAN Canadian Australian
15/12/2020 470/475 615/628 570/580 55/68 340/362 250/295
14/12/2020 470/475 620/628 570/580 55/68 340/362 250/295
11/12/2020 470/475 615/625 570/580 50/65 340/362 245/293
10/12/2020 470/476 612/624 567/577 50/65 330/362 245/293
09/12/2020 470/478 610/620 560/570 50/70 330/362 245/294
08/12/2020 470/483 610/620 560/570 50/70 330/362 245/293
07/12/2020 470/482 610/615 560/570 50/70 330/362 245/293
04/12/2020 465/475 615/625 560/570 50/70 330/362 245/293

Bureau De Exchange Naira Rates

15/12/2020 460/480 615/630 565/580
14/12/2020 460/477 615/630 565/580
12/12/2020 460/480 610/630 550/580
11/12/2020 450/480 600/630 550/580
10/12/2020 450/480 600/630 550/580
09/12/2020 450/480 600/630 550/580
08/12/2020 440/480 565/635 530/582
07/12/2020 440/480 565/630 530/582
04/12/2020 440/480 565/630 530/580

Central Bank of Nigeria Official Naira Rates

Date Currency Buying(NGN) Central(NGN) Selling(NGN)
12/15/2020 US DOLLAR 379 379.5 380
12/15/2020 POUNDS STERLING 507.1778 507.8469 508.516
12/15/2020 EURO 460.9019 461.51 462.118
12/15/2020 SWISS FRANC 427.7652 428.3296 428.8939
12/15/2020 YEN 3.646 3.6508 3.6556
12/15/2020 CFA 0.6836 0.6936 0.7036
12/15/2020 WAUA 544.5196 545.2379 545.9563
12/15/2020 YUAN/RENMINBI 57.8785 57.9553 58.0321
12/15/2020 RIYAL 101.0316 101.1649 101.2982
12/15/2020 SOUTH AFRICAN RAND 25.3188 25.3522 25.3856

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq,, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading


Euro Weakens as Weak French Data Fuels Rate Cut Speculation



Euro currency

The euro faced a decline and German government bonds experienced an upswing following disappointing French economic data, intensifying speculations about potential rate cuts by the European Central Bank (ECB).

The euro exhibited a 0.4% weakening against the dollar while ten-year bund yields dropped four basis points, indicating growing anticipation of an earlier initiation of ECB interest-rate reductions in the coming year.

The Stoxx 600 index slightly receded, marking a moderate adjustment to its most impressive month since January. Concurrently, US equity futures maintained stability with minimal changes.

US Treasuries, however, experienced a brief pause in their November rally as investors awaited further signals regarding the potential timing of a shift towards rate cuts in the upcoming year.

The upcoming data on Thursday is projected to demonstrate a deceleration in the personal consumption expenditures price index, the Federal Reserve’s preferred inflation metric.

“The PCE inflation data for October is most likely going to echo what we already saw in the October CPI and PPI reports and add to the soft-landing narrative,” stated Evelyne Gomez-Liechti, a multi-asset strategist at Mizuho International Plc in London.

The French economy contracted by 0.1%, coupled with a decline in November inflation to the lowest level this year.

Markets are now pricing in a quarter-point reduction in ECB rates by April.

Investors are closely watching for signals from Fed Chair Jerome Powell’s speech on Friday, considering it a potential litmus test for market sentiment and the Fed’s stance on monetary policy.

Analysts caution against excessive optimism in the market, urging prudence in evaluating the forward curve and expecting clarity from Powell’s statements later this week.

Continue Reading


Eurozone Inflation Eases, Euro Falls Against Dollar as Investors Remain Cautious




The euro fell against the dollar on Thursday after Eurozone inflation eased to 8.5% in February from 8.6% a month earlier.

This comes after a recent spate of strong national readings, including higher-than-expected inflation in Germany last month, had investors on edge. While the latest data was not as high as initially feared, investors remained cautious in their reaction.

The European Central Bank (ECB) is expected to continue raising interest rates, with investors predicting a combined 100 basis point hike in March and May, followed by another 50 basis points by the end of the year. This would bring the ECB’s deposit rate to around 4.1%.

The dollar index, which measures the U.S. currency against six others, rose 0.43% to 104.82 on Thursday, boosted by a rise in U.S. Treasury yields and comments from Federal Reserve official Neel Kashkari. Kashkari left the door open to a 50-basis point rate hike at the Fed’s next meeting in March.

Meanwhile, sterling was held back by comments from Bank of England Governor Andrew Bailey, who said “nothing is decided” on future rate increases. This caused traders to trim back bets on higher rates, resulting in a 0.46% drop to $1.1970.

Investors are also closely watching China’s National People’s Congress meeting, which began on Sunday. The meeting is expected to provide guidance on policy support for the post-COVID recovery. “Yesterday’s positive surprise in the PMIs for China in February are a positive for mining commodity prices and the currencies of countries that export them,” said Commonwealth Bank of Australia’s head of international economics, Joe Capurso.

Finally, Bitcoin slipped 1% to $23,400 on Thursday as trouble at crypto lender Silvergate weighed on the mood. Later in the day, euro zone employment and central bank minutes are due, as well as U.S. jobless claims data.

Overall, investors remain cautious in their reaction to economic data as they continue to navigate the uncertain post-pandemic recovery.

Continue Reading