Naira
Naira to Dollar Exchange Rate Improves Slightly to N414.07/US$1
Naira to Dollar exchange rate improved further at the official foreign exchange window on Wednesday despite the ongoing economic uncertainties.
The local currency opened the day at N414.18 to a United States Dollar before closing at N414.07, representing an improvement of 0.16 percent gain.
During the day, Naira plunged to as low as N442 to a United States Dollar at spot fx market. While at the fx future market it was fairly stable at N419. Forex traders exchange $334.97 million on Wednesday.
However, the Central Bank of Nigeria published exchange rates revealed that the United States Dollar was sold at N410.89 on Wednesday to banks. The British Pound and Euro were sold at N565 and N477.74, respectively.
Central Bank of Nigeria’s Foreign Exchange Rate
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
|---|---|---|---|---|
| 10/20/2021 | US DOLLAR | 409.89 | 410.39 | 410.89 |
| 10/20/2021 | POUNDS STERLING | 563.8447 | 564.5325 | 565.2203 |
| 10/20/2021 | EURO | 476.5791 | 477.1605 | 477.7418 |
| 10/20/2021 | SWISS FRANC | 443.6999 | 444.2412 | 444.7824 |
| 10/20/2021 | YEN | 3.588 | 3.5923 | 3.5967 |
| 10/20/2021 | CFA | 0.7092 | 0.7192 | 0.7292 |
| 10/20/2021 | WAUA | 579.6529 | 580.36 | 581.0671 |
| 10/20/2021 | YUAN/RENMINBI | 64.1055 | 64.1842 | 64.2628 |
| 10/20/2021 | RIYAL | 109.2778 | 109.4111 | 109.5444 |
| 10/20/2021 | SOUTH AFRICAN RAND | 28.303 | 28.3375 | 28.3721 |