Daily Naira Exchange Rates; Wednesday, December 30, 2020

Published

3 years ago

December 30, 2020

Samed Olukoya

Daily Naira Exchange Rates; Wednesday, December 30, 2020

Naira depreciates by N5 from N465 it exchanged against the United States Dollar on Monday to N470 on Wednesday.

Daily Naira Black Market Exchange Rates

Morning * Midday** Evening*** Final Rate for the Day

Date	USD	GBP	EURO	YUAN	Canadian	Australian
NGN	BUY/SELL	BUY/SELL	BUY/SELL	BUY/SELL	BUY/SELL	BUY/SELL
30/12/2020	465/470	620/628	567/573	60/70	365/378	245/293
29/12/2020	465/470	620/628	565/573	60/70	350/367	245/293
28/12/2020	460/465	615/625	560/570	60/70	350/367	245/293
25/12/2020	460/465	615/625	560/570	60/70	350/367	245/293
24/12/2020	460/465	615/625	560/570	60/70	350/367	245/293
23/12/2020	470/475	622/632	575/580	60/70	350/367	245/293
22/12/2020	472/476	622/630	570/578	60/70	340/362	250/295
21/12/2020	472/476	622/632	570/580	55/68	340/362	250/295
18/12/2020	472/477	622/630	570/577	55/68	340/362	250/295
17/12/2020	472/478	623/633	570/577	55/68	340/362	250/295
16/12/2020	472/476	620/627	570/576	55/68	340/362	250/295

Bureau De Change Naira Rates

Date	USD	GBP	EURO
NGN	BUY/SELL	BUY/SELL	BUY/SELL
30/12/2020	455/470	600/626	550/573
29/12/2020	455/475	600/626	550/573
28/12/2020	455/475	605/628	555/573
25/12/2020	455/475	600/628	550/575
24/12/2020	455/474	600/628	555/575
23/12/2020	460/475	621/632	568/580
22/12/2020	470/475	620/631	568/577
21/12/2020	470/475	620/631	568/577
18/12/2020	460/475	620/630	568/577
17/12/2020	460/475	618/633	565/580
16/12/2020	460/480	618/633	565/580

Central Bank of Nigeria (CBN) Official Naira Rates

Date	Currency	Buying(NGN)	Central(NGN)	Selling(NGN)
12/29/2020	US DOLLAR	379	379.5	380
12/29/2020	POUNDS STERLING	511.8395	512.5148	513.19
12/29/2020	EURO	464.3129	464.9255	465.538
12/29/2020	SWISS FRANC	427.283	427.8467	428.4104
12/29/2020	YEN	3.6565	3.6614	3.6662
12/29/2020	CFA	0.6839	0.6939	0.7039
12/29/2020	WAUA	545.1441	545.8633	546.5825
12/29/2020	YUAN/RENMINBI	58.0034	58.0804	58.1573
12/29/2020	RIYAL	100.9913	101.1245	101.2577
12/29/2020	SOUTH AFRICAN RAND	25.8405	25.8746	25.9087

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Samed Olukoya

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

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Naira

Black Market Dollar to Naira Exchange Rate Today 17th May 2024

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 17th, 2024 stood at 1 USD to ₦1,540.

Published

2 days ago

May 17, 2024

Samed Olukoya

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 17th, 2024 stood at 1 USD to ₦1,540.

Recent data from Bureau De Change (BDC) reveals that buyers in the Lagos Parallel Market purchased a dollar for ₦1,560 and sold it at ₦1,550 on Thursday, May 16th, 2024.

This indicates a slight improvement in the Naira exchange rate when compared to today’s rate.

The black market rate plays a crucial role for investors and participants, offering a real-time reflection of currency dynamics outside official or regulated exchange channels.

Monitoring these rates provides insights into the immediate value of the Naira against the dollar, guiding decision-making processes for individuals and businesses alike.

It’s important to note that while the black market offers valuable insights, the Central Bank of Nigeria (CBN) does not officially recognize its existence.

The CBN advises individuals engaging in forex transactions to utilize official banking channels, emphasizing the importance of compliance with regulatory frameworks.

How much is dollar to naira today in the black market

For those navigating the currency exchange landscape, here are the latest figures for the black market exchange rate:

Buying Rate: ₦1,540
Selling Rate: ₦1,530

As economic conditions continue to evolve, staying informed about currency exchange rates empowers individuals to make informed financial decisions. While the black market provides immediate insights, adherence to regulatory guidelines ensures stability and transparency in forex transactions.

Naira

Black Market Dollar to Naira Exchange Rate Today 16th May 2024

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 16th, 2024 stood at 1 USD to ₦1,560.

Published

3 days ago

May 16, 2024

Samed Olukoya

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 16th, 2024 stood at 1 USD to ₦1,560.

Recent data from Bureau De Change (BDC) reveals that buyers in the Lagos Parallel Market purchased a dollar for ₦1,530 and sold it at ₦1,520 on Wednesday, May 15th, 2024.

This indicates a decline in the Naira exchange rate compared to the current rate.

The black market rate plays a crucial role for investors and participants, offering a real-time reflection of currency dynamics outside official or regulated exchange channels.

Monitoring these rates provides insights into the immediate value of the Naira against the dollar, guiding decision-making processes for individuals and businesses alike.

It’s important to note that while the black market offers valuable insights, the Central Bank of Nigeria (CBN) does not officially recognize its existence.

The CBN advises individuals engaging in forex transactions to utilize official banking channels, emphasizing the importance of compliance with regulatory frameworks.

How much is dollar to naira today in the black market

For those navigating the currency exchange landscape, here are the latest figures for the black market exchange rate:

Buying Rate: ₦1,560
Selling Rate: ₦1,550

Naira

Black Market Dollar to Naira Exchange Rate Today 15th May 2024

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 15th, 2024 stood at 1 USD to ₦1,530.

Published

4 days ago

May 15, 2024

Samed Olukoya

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 15th, 2024 stood at 1 USD to ₦1,530.

Recent data from Bureau De Change (BDC) reveals that buyers in the Lagos Parallel Market purchased a dollar for ₦1,520 and sold it at ₦1,510 on Tuesday, May 14th, 2024.

This indicates a decline in the Naira exchange rate compared to the current rate.

The black market rate plays a crucial role for investors and participants, offering a real-time reflection of currency dynamics outside official or regulated exchange channels.

Monitoring these rates provides insights into the immediate value of the Naira against the dollar, guiding decision-making processes for individuals and businesses alike.

It’s important to note that while the black market offers valuable insights, the Central Bank of Nigeria (CBN) does not officially recognize its existence.

The CBN advises individuals engaging in forex transactions to utilize official banking channels, emphasizing the importance of compliance with regulatory frameworks.