Naira

Naira to Dollar Exchange Rate Improves Slightly to N414.07/US$1

Published

3 years ago

October 21, 2021

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

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Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Naira to Dollar Exchange Rate Improves Slightly to N414.07/US$1

Central Bank of Nigeria’s Foreign Exchange Rate

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