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.
