Dollar to Naira Black Market Exchange Rate Today 22nd December 2023
What is the Dollar to Naira exchange rate at the parallel market, known as the black market (Abokifx) today? As of December 22nd, 2023, the dollar to naira exchange rate is 1 USD to 1230 NGN at the black market.
What is the Dollar to Naira exchange rate at the parallel market, known as the black market (Abokifx) today? As of December 22nd, 2023, the dollar to naira exchange rate is 1 USD to 1230 NGN at the black market.
This means that for every one US dollar, you can exchange it for ₦1230, Investors King reports.
How Much is Dollar to Naira Today 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 ₦1230 and ₦1225 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 ₦1230 and sold for ₦1225.
Exchange Rate of Dollar To Naira in Black Market Today?
Dollar to Naira (USD to NGN)
Black Market Exchange Rate Today
Selling Rate
₦1225
Buying Rate
₦1230
Central Bank of Nigeria (CBN) Naira Exchange Rates for Banks
Date
Currency
Buying(NGN)
Central(NGN)
Selling(NGN)
12/20/2023
US DOLLAR
905.394
905.894
906.394
12/20/2023
POUNDS STERLING
1146.9531
1147.5865
1148.2199
12/20/2023
EURO
992.674
993.2222
993.7704
12/20/2023
SWISS FRANC
1049.4888
1050.0684
1050.648
12/20/2023
YEN
6.3116
6.3151
6.3185
12/20/2023
CFA
1.4094
1.4194
1.4294
12/20/2023
WAUA
1141.9106
1142.5412
1143.1718
12/20/2023
RIYAL
241.3483
241.4816
241.6149
12/20/2023
DANISH KRONA
133.1149
133.1884
133.2619
12/20/2023
SDR
1210.0591
1210.7273
1211.3956
Investors King understands that although the dollar to naira opened at N1230 per $1 in the parallel market today, the Central Bank of Nigeria (CBN) does not acknowledge the parallel market, also referred to as the black market. The CBN has instructed individuals in need of forex to approach their bank as the I&E window is the sole recognized exchange.
On Friday, December 22nd, 2023, individuals one US dollar for ₦1230 in the black market and sold it for ₦1225. This shows that the value of the Naira was mixed when compared to Thursday, December 21st, 2023 when the local currency was exchanged at N1225 a Dollar and a Dollar was purchased at N1228.
To stay informed about the dollar to naira exchange rate, there are several reliable sources that you can turn to. Here are some tips for staying up-to-date:
Check the Central Bank of Nigeria’s website: The CBN is responsible for regulating the country’s monetary policy and is a reliable source for the latest exchange rates. You can check their website regularly for updates.
Follow financial news outlets: Financial news outlets such as Investors King, Bloomberg, Reuters, and CNBC provide regular updates on the global currency markets, including the dollar to naira exchange rate.
Use online currency converters: There are a number of online currency converters that allow you to quickly and easily check the exchange rate between the dollar and the naira.
Follow social media accounts of financial experts: Following social media accounts of financial experts such as analysts, economists, and financial advisors can give you valuable insights into the latest trends in the currency markets.
By staying informed about the dollar-to-naira exchange rate, you can make informed decisions when buying or selling foreign currencies. Whether you are a business owner looking to trade in foreign currencies or an individual looking to invest in the currency markets, knowledge of the latest exchange rates is key to success. Keep these tips in mind and stay informed about the latest trends in the global currency markets.
