Dollar to Naira Exchange Rate Today, Thursday, August 12, 2021

The Nigerian Naira slid against global counterparts at the unregulated parallel market, popularly known as the black market on Thursday.

The Naira dipped by N5 against the United States Dollar from N510 it exchanged on Tuesday to N515 on Wednesday before opening at exact same amount on Thursday. Against the British Pound and Euro common currency, the local currency traded at N702 and N598, respectively.

Economic uncertainty amid activities of unscrupulous individuals has battered the Nigerian Naira against its global counterparts. The Naira outlook remained weak and largely uncertain in the near term given the dwindling foreign reserves and falling key macroeconomic fundamentals.

The NAFEX exchange rate closed at N411.40 to a United States Dollar on Wednesday, according to the FMDQGroup latest data. While the Central Bank of Nigeria quoted its selling price at N410.12/US$1. Banks are now setting up forex units to ensure Nigerian access forex at central bank stipulated rates.

Naira Black Market Exchange Rates

Morning * Midday** Evening *** Final Rates

Bureau De Change Naira Rates

Central Bank of Nigeria’s Official Naira Rates