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Naira

Naira Exchange Rates Today, Thursday, July 15, 2021

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Naira - Investors King

The Naira exchange rates remained largely unchanged across key forex markets on Thursday, July 15, 2021. The Naira exchanged at N505 to a United States Dollar at the black market and traded at N708 and N596 to British Pound and Euro, respectively.

Low forex liquidity amid economic uncertainty continued to pressure the Nigerian Naira against its global counterparts. At the Bureau de Change section of forex market, the Naira traded at N500; N710 and N596 to a United States Dollar, British Pound and Euro, respectively.

But looking at the Central Bank of Nigeria’s stipulated rates, the Naira traded at N410.13 to a United States Dollar and N484.1585 to a Euro. However, given the chronic scarcity being experienced across the nation, it is largely impossible to access forex at the Central Bank of Nigeria’s rates.

Importers and other import-dependent businesses are patronising the black market to meet their forex needs despite central bank efforts at dislodging that section of forex. Travelers preferred to exchange their Dollars at black mark

Naira Black Market Exchange Rates

Morning * Midday** Evening *** Final Rates

Date USD GBP EURO YUAN Canadian Australian
NGN BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL
15/07/2021 500/505 700/708 590/596 62/69 407/415 300/320
14/07/2021 500/505 702/708 590/595 62/68 407/415 300/320
13/07/2021 500/505 702/708 590/595 62/68 407/415 300/320
12/07/2021 500/505 700/708 590/595 62/69 407/415 300/320
09/07/2021 500/505 700/708 588/593 62/69 407/417 300/320
08/07/2021 499/503 700/708 588/593 62/69 407/417 300/325
07/07/2021 499/503 700/710 588/593 62/69 407/417 300/325
06/07/2021 499/503 698/710 590/595 62/69 407/417 300/325
05/07/2021 498/503 700/710 590/595 62/69 400/410 300/325
02/07/2021 498/503 700/710 588/595 62/69 400/410 300/325
01/07/2021 498/503 705/710 590/595 62/69 400/410 300/325
30/06/2021 498/503 705/710 590/598 62/69 400/410 300/325
29/06/2021 498/502 705/710 590/595 62/69 400/410 300/325
28/06/2021 498/502 705/710 590/600 62/69 400/410 300/322
25/06/2021 496/500 705/710 595/600 62/69 400/410 300/322
24/06/2021 495/500 705/710 590/595 62/69 400/410 300/322
23/06/2021 495/500 705/710 585/592 62/69 400/410 300/322
22/06/2021 495/500 703/713 585/595 62/69 400/410 300/322
21/06/2021 495/500 703/710 585/592 62/69 400/410 300/325
18/06/2021 492/498 700/710 585/595 62/69 400/410 300/325
17/06/2021 483/493 700/710 590/600 62/69 400/410 300/322
16/06/2021 497/502 707/713 600/606 62/69 400/410 300/322

Bureau De Change Naira Rates

Date USD GBP EURO
NGN BUY/SELL BUY/SELL BUY/SELL
15/07/2021 490/500 698/710 585/600
14/07/2021 490/500 698/710 590/595
13/07/2021 490/500 697/710 585/600
12/07/2021 490/500 698/710 585/600
09/07/2021 490/500 698/710 585/600
08/07/2021 490/500 697/710 585/600
07/07/2021 490/500 697/710 585/600
06/07/2021 490/500 697/710 585/600
05/07/2021 490/500 700/714 585/600
02/07/2021 490/500 700/714 585/600
01/07/2021 490/500 700/714 590/605
30/06/2021 490/500 704/718 590/605
29/06/2021 490/500 704/718 585/605
28/06/2021 490/500 700/718 585/605
25/06/2021 485/495 700/718 588/605
24/06/2021 485/495 700/718 580/605
23/06/2021 485/495 700/718 580/605
22/06/2021 485/495 700/718 580/605
21/06/2021 480/490 680/710 550/603
19/06/2021 475/490 680/715 580/603
18/06/2021 475/485 680/715 580/603
17/06/2021 478/490 690/710 590/603
16/06/2021 495/500 707/718 600/609
15/06/2021 495/500 707/718 600/609
14/06/2021 490/498 705/718 600/608

Central Bank of Nigeria’s Official Naira Rates

 

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Naira

Naira Exchange Rates Today, Monday, July 26, 2021

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Naira Exchange Rates - Investors King

Economic uncertainty in Africa’s largest economy Nigeria continues to weigh on the Nigerian Naira despite numerous efforts by the Central Bank of Nigeria to prop up the Naira value against global counterparts. The Nigerian Naira opened the week at N504 to a United States Dollar at the parallel market popularly known as the black market.

While against the British Pound and European single currency, it traded at N705 and N595, respectively.

At the Central Bank of Nigeria’s regulated forex segment, the NAFEX, Naira stood at N411.50 to a United States Dollar but was quoted by the Central Bank of Nigeria at N410.14 to the United States Dollar.

The inability of the Central Bank of Nigeria to service the economy with enough forex liquidity has impeded economic activities, escalated inflation rate to 17.75 percent in the month of June and drove the unemployment rate to 33.33 percent despite oil price hitting $75 per barrel before moderating to $70 last week.

The oil-dependent nation’s foreign reserves remained lackluster at $33.171 billion, largely due to OPEC+ plus production cuts agreement and other internal issues. The dwindling foreign reserves has hindered central bank’s intermittent forex intervention aimed at supporting the Naira value and stimulating productivity across the economy.

Naira traded at N500, N705 and 595 to the United States Dollar, the British Pound and the Euro at the Bureau de Change forex section. See other Naira Exchange rates in the tables below.

Naira Black Market Exchange Rates

Morning * Midday** Evening *** Final Rates

Date USD GBP EURO YUAN Canadian Australian
NGN BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL
26/07/2021 500/504* 698/705* 588/595* 62/69 407/415 300/320
23/07/2021 500/504 698/705 588/595 62/69 407/415 300/320
22/07/2021 498/503 695/703 585/590 62/69 407/415 300/320
19/07/2021 495/503 698/705 585/592 62/69 407/415 300/320
16/07/2021 502/506 700/708 590/596 62/69 407/415 300/315
15/07/2021 500/505 700/708 590/596 62/69 407/415 300/320
14/07/2021 500/505 702/708 590/595 62/68 407/415 300/320
13/07/2021 500/505 702/708 590/595 62/68 407/415 300/320
12/07/2021 500/505 700/708 590/595 62/69 407/415 300/320
09/07/2021 500/505 700/708 588/593 62/69 407/417 300/320
08/07/2021 499/503 700/708 588/593 62/69 407/417 300/325
07/07/2021 499/503 700/710 588/593 62/69 407/417 300/325
06/07/2021 499/503 698/710 590/595 62/69 407/417 300/325

Bureau De Change Naira Rates

Date USD GBP EURO
NGN BUY/SELL BUY/SELL BUY/SELL
26/07/2021 490/500 694/705 580/595
23/07/2021 490/500 694/705 580/595
22/07/2021 490/500 690/705 580/595
19/07/2021 490/500 690/707 580/595
16/07/2021 490/500 700/710 585/600
15/07/2021 490/500 698/710 585/600
14/07/2021 490/500 698/710 590/595
13/07/2021 490/500 697/710 585/600
12/07/2021 490/500 698/710 585/600
09/07/2021 490/500 698/710 585/600
08/07/2021 490/500 697/710 585/600
07/07/2021 490/500 697/710 585/600
06/07/2021 490/500 697/710 585/600
05/07/2021 490/500 700/714 585/600

Central Bank of Nigeria’s Official Naira Rates

Date Currency Buying(NGN) Central(NGN) Selling(NGN)
7/22/2021 US DOLLAR 409.14 409.64 410.14
7/22/2021 POUNDS STERLING 563.1812 563.8695 564.5577
7/22/2021 EURO 481.8851 482.474 483.0629
7/22/2021 SWISS FRANC 444.7657 445.3093 445.8528
7/22/2021 YEN 3.7114 3.7159 3.7204
7/22/2021 CFA 0.7151 0.7251 0.7351
7/22/2021 WAUA 580.1991 580.9082 581.6172
7/22/2021 YUAN/RENMINBI 63.2522 63.3299 63.4077
7/22/2021 RIYAL 109.0778 109.2111 109.3444
7/22/2021 DANISH KRONA 64.7732 64.8524 64.9315

N.B: These tables are updated three times a day.

 

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Naira

Naira Exchange Rates Today, Friday, July 23, 2021

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Naira Notes - Investors King

The Naira improves slightly against its global counterparts at the parallel market on Friday as liquidity increase marginally across key forex markets. The Naira gained N2 against the United States Dollar from N506 it traded last week Friday to N504 today, Friday, July 23, 2021 at the parallel market. Against the Euro and British Pound, the local currency exchanged at N595 and N705, respectively.

Economic uncertainty amid unclear policy direction has put a lid on Naira against global currencies, especially with Nigeria’s fiscal buffer lacking despite crude oil trading at an almost 2-year high from COVID-19 record-low. The drop in foreign reserves impeded the Central Bank of Nigeria’s ability to consistently intervene at the forex to prop the Naira value as usual.

At the bureau de change section, the Naira exchanged at N500, N705 and N595 to the United States Dollar, British Pound and the Euro, respectively. See the table below for Naira rates.

Naira Black Market Exchange Rates

Morning * Midday** Evening *** Final Rates

Date USD GBP EURO YUAN Canadian Australian
NGN BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL
23/07/2021 500/504 698/705 588/595 62/69 407/415 300/320
22/07/2021 498/503 695/703 585/590 62/69 407/415 300/320
19/07/2021 495/503 698/705 585/592 62/69 407/415 300/320
16/07/2021 502/506 700/708 590/596 62/69 407/415 300/315
15/07/2021 500/505 700/708 590/596 62/69 407/415 300/320
14/07/2021 500/505 702/708 590/595 62/68 407/415 300/320
13/07/2021 500/505 702/708 590/595 62/68 407/415 300/320
12/07/2021 500/505 700/708 590/595 62/69 407/415 300/320
09/07/2021 500/505 700/708 588/593 62/69 407/417 300/320
08/07/2021 499/503 700/708 588/593 62/69 407/417 300/325
07/07/2021 499/503 700/710 588/593 62/69 407/417 300/325
06/07/2021 499/503 698/710 590/595 62/69 407/417 300/325

Bureau De Change Naira Rates

Date USD GBP EURO
NGN BUY/SELL BUY/SELL BUY/SELL
23/07/2021 490/500 694/705 580/595
22/07/2021 490/500 690/705 580/595
19/07/2021 490/500 690/707 580/595
16/07/2021 490/500 700/710 585/600
15/07/2021 490/500 698/710 585/600
14/07/2021 490/500 698/710 590/595
13/07/2021 490/500 697/710 585/600
12/07/2021 490/500 698/710 585/600
09/07/2021 490/500 698/710 585/600
08/07/2021 490/500 697/710 585/600
07/07/2021 490/500 697/710 585/600
06/07/2021 490/500 697/710 585/600
05/07/2021 490/500 700/714 585/600

Central Bank of Nigeria’s Official Naira Rates

Date Currency Buying(NGN) Central(NGN) Selling(NGN)
7/22/2021 US DOLLAR 409.14 409.64 410.14
7/22/2021 POUNDS STERLING 563.1812 563.8695 564.5577
7/22/2021 EURO 481.8851 482.474 483.0629
7/22/2021 SWISS FRANC 444.7657 445.3093 445.8528
7/22/2021 YEN 3.7114 3.7159 3.7204
7/22/2021 CFA 0.7151 0.7251 0.7351
7/22/2021 WAUA 580.1991 580.9082 581.6172
7/22/2021 YUAN/RENMINBI 63.2522 63.3299 63.4077
7/22/2021 RIYAL 109.0778 109.2111 109.3444
7/22/2021 DANISH KRONA 64.7732 64.8524 64.9315

N.B: These tables are updated three times a day.

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Naira

Naira Exchange Rates Today, Thursday, July 22, 2021

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NAIRA - Investors King

Naira gained slightly across key foreign exchange markets during the holiday and opened at N503 against the United States Dollar at the Parallel market. Against the British Pound, it exchanged at N703 and N590 to Euro.

Despite series of policies deployed at arresting the falling Naira and curb economic stagnation, the crude oil-backed Naira continued to struggle against its global counterparts.

At the Bureau de Change section, the Naira traded at N500 to a United States Dollar, N705 to a British Pound and N595 to a Euro. See other Naira exchange rates below.

Naira Black Market Exchange Rates

Morning * Midday** Evening *** Final Rates

Date USD GBP EURO YUAN Canadian Australian
NGN BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL
22/07/2021 498/503 695/703 585/590 62/69 407/415 300/320
19/07/2021 495/503 698/705 585/592 62/69 407/415 300/320
16/07/2021 502/506 700/708 590/596 62/69 407/415 300/315
15/07/2021 500/505 700/708 590/596 62/69 407/415 300/320
14/07/2021 500/505 702/708 590/595 62/68 407/415 300/320
13/07/2021 500/505 702/708 590/595 62/68 407/415 300/320
12/07/2021 500/505 700/708 590/595 62/69 407/415 300/320
09/07/2021 500/505 700/708 588/593 62/69 407/417 300/320
08/07/2021 499/503 700/708 588/593 62/69 407/417 300/325
07/07/2021 499/503 700/710 588/593 62/69 407/417 300/325
06/07/2021 499/503 698/710 590/595 62/69 407/417 300/325

Bureau De Change Naira Rates

Date USD GBP EURO
NGN BUY/SELL BUY/SELL BUY/SELL
22/07/2021 490/500 690/705 580/595
19/07/2021 490/500 690/707 580/595
16/07/2021 490/500 700/710 585/600
15/07/2021 490/500 698/710 585/600
14/07/2021 490/500 698/710 590/595
13/07/2021 490/500 697/710 585/600
12/07/2021 490/500 698/710 585/600
09/07/2021 490/500 698/710 585/600
08/07/2021 490/500 697/710 585/600
07/07/2021 490/500 697/710 585/600
06/07/2021 490/500 697/710 585/600
05/07/2021 490/500 700/714 585/600

Central Bank of Nigeria’s Official Naira Rates

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