Forex
Dollar to Naira Exchange Rate in Black Market Today, September 9, 2023
As of September 9th, 2023, the dollar to naira exchange rate is 1 USD to 930 NGN at the black market. This means that for every one US dollar, you can exchange it for ₦930, Investors King reports.
As of September 9th, 2023, the dollar to naira exchange rate is 1 USD to 930 NGN at the black market. This means that for every one US dollar, you can exchange it for ₦930, Investors King reports.
This digital business news platform has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
How much is $1 to Naira in the black market?
This rate is subject to change depending on a variety of factors including global economic trends, political developments, and market fluctuations. However, you can buy and sell 1 USD at ₦930 and ₦920 as of the time of writing today.
What is the current exchange rate of the dollar to naira in the black market today?
According to Investors King, as of the time this report was filed, a dollar can be purchased at the Lagos parallel market (black market) for ₦927 and sold for ₦920.
Exchange Rate of Dollar To Naira in Black Market Today?
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 920 |
| Selling Rate | 930 |
Central Bank of Nigeria (CBN) Naira Exchange Rates for Banks
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
|---|---|---|---|---|
| 9/7/2023 | US DOLLAR | 747.855 | 748.355 | 748.855 |
| 9/7/2023 | EURO | 802.0745 | 802.6107 | 803.147 |
| 9/7/2023 | SWISS FRANC | 841.421 | 841.9836 | 842.5461 |
| 9/7/2023 | CFA | 1.2659 | 1.2759 | 1.2859 |
| 9/7/2023 | WAUA | 1037.085 | 1037.7783 | 1038.4717 |
| 9/7/2023 | DANISH KRONA | 108.3016 | 108.374 | 108.4464 |
| 9/7/2023 | SDR | 989.2626 | 989.924 | 990.5854 |
| 9/7/2023 | YUAN/RENMINBI | 102.3786 | 102.447 | 102.5155 |
| 9/7/2023 | SOUTH AFRICAN RAND | 39.0629 | 39.089 | 39.1151 |
| 9/6/2023 | US DOLLAR | 784.532 | 785.032 | 785.532 |
As a reputable newspaper company, we understand the importance of providing our readers with accurate and timely information. In this article, we’ll delve into the latest developments in the Dollar to Naira exchange rate, offering you valuable insights and analysis to help you navigate this ever-changing financial landscape.
- Current Dollar to Naira Exchange Rate: Let’s start by examining the current Dollar to Naira exchange rate. As of September 9, the exchange rate stands at N930/US$. This is a significant figure that affects various aspects of our lives, from international trade to travel expenses. Understanding this rate is essential for businesses, travelers, and anyone with financial interests in both currencies.
- Factors Influencing Exchange Rates: To gain a deeper understanding of the Dollar to Naira exchange rate, it’s crucial to consider the factors that influence it. These can range from economic indicators and political stability to global market conditions. We will explore these factors in detail to help you make informed decisions regarding currency exchange.
- Historical Trends: Examining historical trends can provide valuable insights into the future direction of the exchange rate. By analyzing past data, we can identify patterns and potential catalysts for rate fluctuations. Our expert analysis will shed light on how the Dollar to Naira exchange rate has evolved over time.
- Implications for Businesses: For businesses engaged in international trade or foreign investments, a stable and predictable exchange rate is paramount. We will discuss strategies that businesses can employ to mitigate risks associated with currency fluctuations and optimize their financial operations.
- Travel Planning: If you’re planning a trip to Nigeria or the United States, understanding the current exchange rate is essential for budgeting and financial planning. We’ll provide tips on how travelers can get the most value for their money when converting currency.
- Investment Opportunities: Currency fluctuations can create unique investment opportunities. We’ll explore how investors can leverage the Dollar to Naira exchange rate to diversify their portfolios and potentially maximize returns.
- Stay Informed with Us: To ensure you have access to the latest updates on the Dollar to Naira exchange rate, make sure to follow our newspaper’s financial section. We are committed to delivering accurate and timely information to help you stay ahead in the world of finance.
Conclusion: In a world where financial markets are interconnected, staying informed about the Dollar to Naira exchange rate is a smart move. Whether you’re a business owner, traveler, or investor, understanding these dynamics can make a significant difference in your financial decisions. Trust our newspaper to provide you with the most comprehensive and up-to-date analysis of this crucial exchange rate. Stay tuned for more valuable insights from our expert team.