How much is a naira to a dollar today in the black market in 2022?
This is a frequently asked Google query by those who usually shop online and those who need to pay for school expenses abroad.
Although regulated at an official rate of 427.1 Nigerian naira to 1 US dollar, the exchange rate had been in what could be considered a free decline on the black market.
Central Bank Of Nigeria Dollar To Naira Exchange Rate
The current official Central Bank of Nigeria exchange rate is 428.1 Naira to one dollar. On the other hand, if you are purchasing on the black market, you can anticipate paying N710 for a purchase of $1.
Buying => 1 Dollar to Naira = ₦427.1
Selling => 1 Dollar to Naira = ₦428.1
Dollar To Naira Black Market Rate For Today
What is the current parallel market exchange rate for dollars and naira? You might be interested to know that the rate of the dollar relative to the naira might occasionally differ significantly from that displayed on the website of the Central Bank of Nigeria.
The parallel exchange rate, also known as the black market rate, is never the same as the CBN rate. Naira is currently trading for 710 Naira per USD.
Buying => 1 Dollar to Naira = ₦710
Selling => 1 Dollar to Naira = ₦680
The cost indicated below reflects the current currency rate between the Dollar and Naira. In order to keep you informed, we will regularly update the current rate. The exchange rate between the US dollar and the naira is the current value of the dollar. For different banks and parallel markets, the rate fluctuates.