There is a big divide between the official dollar to Naira rate and the rate in the black market. Year 2020 United States dollar/Nigerian naira (USD/NGN) rates history, splited by months, charts for the whole year and every month, exchange rates for any day of the year. This makes it 0.08% rise for USD against Naira this week. Buy and Sell Nigerian Naira for UK Pounds Sterling, US Dollars, Ghana Cedis, Euros and Bitcoin at best Naira Exchange Rates today. Newsone reports that the Central Bank of Nigeria (CBN) has devalued the naira by 7.6% against the dollar in what has been seen as a move to migrate toward a single exchange-rate system for the local currency. Whether you are looking for the official rate or black exchange rate of the Naira to dollar, Euros to Naira, Naira to Cedis, be rest assured Aboki Fx has all the info you need. The table below shows historical exchange rates between the Nigerian Naira (NGN) and the US Dollar (USD) between 11/30/2020 and 5/28/2021. GTBank Euro to Naira rates Guaranty Trust Bank exchanges the Euro at €1 to NGN462. US dollar (USD) Nigerian naira (NGN) $1. Western Union cannot determine the Dollar to Naira Exchange rate Regime in Nigeria on its own. Naira to dollar exchange rate in 2020 declined by N73 from N306 Central Bank of Nigeria sold it in the beginning of the year to N379 and N386 on the investors and exporters forex window. CBN dollar to naira exchange rate today . According to a report by Punch, the value of the naira to the dollar fell from 196.99 in December […] To get the Official Central Bank of Nigeria (CBN) daily exchange rate of the Dollar to Naira, always check on this page for … The exchange rate between Nigeria’s Naira and United States’ dollar as at today, Tuesday, May 11, stands at ₦483/$1 in the parallel market while the official rate of the Central Bank of Nigeria stands at N380/$.NairaWatch can report that the exchange rate on Monday, May 10, also closed at ₦483/US$1 in the parallel market and the official rate of the CBN as well stood at N380/$1.’ The AbokiFx is the most reliable outlet for currency conversion in Nigeria. Over a period of 6 years, the naira depreciated 51.95 per cent in value to the dollar.. View current exchange rates for the Nigerian Naira. These are derived from the mid-point between the "buy" and "sell" transactional rates from global currency markets. Check live rates, send money securely, set rate alerts, receive notifications and more. This represents a 0.18% gain when compared to N412/$1 recorded on Friday, 21st May 2021. Send money to Nigeria with the best NGN exchange rates for USD, EUR, BTC, GHC and GBP 4 of 1997,No. Invert the table to see Nigerian Nairas per 1 Canadian Dollar. There are some terms you have to understand in exchange rates. The rate was 1.1 CAD = 1 USD. The United States dollar (USD) or the American dollar, is the official currency, or money, of the United States of America and is also used in a number of other countries outside the US. This page shows the historical data for United States Dollar(USD) To Nigerian Naira(NGN) From Wednesday 19/05/2021 To Thursday 10/06/2021. 0.00258 USD. This is the equivalent amount of 1 dollar in Naira. Compare us to your bank Send money with Wise. US Dollar Rates for 12/31/2020 / Nigerian Naira; US Dollars (USD) to Nigerian Nairas (NGN) exchange rate for December 31, 2020. The Nigeria Official Exchange Rate (bank rate) of the United States Dollar is currently fixed (pegged) by the Central Bank of Nigeria (CBN). However, even if converting Dollar to Naira is simple through any of the above methods, it is cautious enough to know the current exchange rate before making any transactions. USD to NGN. NGN CAD rate … Todays Exchange Rate In Naira. News Rain Nigeria reports that the exchange rate between the naira and the US dollar closed at N411/$1 at the Importers and Exporters window, where forex is traded officially.. Naira fell against the US dollar to close at N411 to a dollar on Thursday, 6th May 2021, representing a 50 kobo decline when compared to N410.5/$1 that was recorded on Wednesday, 5th May 2021. Year 2020 United States dollar/Nigerian naira (USD/NGN) rates history, splited by months, charts for the whole year and every month, exchange rates for any day of … 0.01289 USD. 578 / 583. You can also subscribe to our newsletters for latest rates of Canadian dollar. NGN to USD currency chart. Exchange Rate Dollar to Naira. Naira appreciated against the US dollar on Monday at the official NAFEX window to close at N411.25 … 480 / 484. Current exchange rate US DOLLAR (USD) to NIGERIA NAIRA (NGN) including currency converter, buying & selling rate and historical conversion chart. 1 US dollar sells for #360 and is being bought for the sum of #360. We use midmarket rates. Welcome to the page of currency pairs exchange rate history graph, US Dollar(USD) To Nigerian Naira(NGN) Currency. 1 United States dollar = 411.5000 Nigerian naira, 1 Nigerian naira = 0.002430 United States dollar. US Dollar to Nigerian Naira conversion — Last updated Jun 9, 2021, 12:27 UTC. Today, Naira has fallen to the range of 350-400 naira per dollar. The same thing go for terms like dollar to naira, 1 dollar to naira today, convert usd to naira. Live Exchange Rate. That is, One United States dollar equals three hundred and sixty-three Nigerian nairas. The dollar to naira black market rate is ₦363. ; AbokiFx: Abokifx is a website that curates and tracks the different exchange rates, Naira to Pound rates, Naira to Euro rates. US Dollar(USD) To Nigerian Naira(NGN) Currency Exchange History. Right now, the exchange market in Nigeria is kinda fluctuating, right now, 1 dollar to naira is more than N360. Currency conversion rates from Zimbabwe Dollar to Nigerian Naira today Wed, 09 Jun 2021: convert from ZWD to NGN and also convert in a reverse direction. Moreover, the nation’s Debt Management Office uses an exchange rate of News Rain Nigeria reports that the exchange rate between the naira and the US dollar closed at N411.25/$1 at the Importers and Exporters window, where forex is traded officially.. Naira appreciated against the US dollar on Monday at the official NAFEX window to close at N411.25 to a dollar. Name Email Website. It is also regarded as the value of USD to NGN in relation to another currency. They are not transactional rates. Therefore exchange rate dollar to naira is 361 Naira. 670 / 678. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. 1.00 US Dollar =. United States Dollar(USD) To Nigerian Naira(NGN) Exchange Rate History. Learn more. The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows: Buying = 1 USD to Naira 468. Section 12 Sub-sections (1) to (5), CBN Act of 2007 (Ammended) ₦ [EOD shortcode cache error: value is not cached yet] $100. Selling = 1 USD to Naira 475. 388.00000 NGN. 10 CAD Note. Newsone reports that the Central Bank of Nigeria (CBN) has devalued the naira by 7.6% against the dollar in what has been seen as a move to migrate toward a single exchange-rate system for the local currency.. Google: To get the official/CBN dollar exchange rate simply open Google on your device and type ‘dollar to naira’ to see the current exchange for today. As at the time of writing this article, 1 dollar = 361 Naira. Adoption of the Nafex for government transactions means interest costs on the dollar component of Nigeria’s debt will rise in naira terms, negating part of the budgetary benefits of a weaker currency. By viewing the currency pairs exchange rate history graph (different periods for selecting), you can get more previous performance about the two currencies. N480 – buy per $1. The currency was pegged at 197 to one U.S dollar in 2016. It shows the exchange rate of the two currencies conversion. The dollar to Naira bank rate today is one of the most requested searches and here in this article, we will list out the best place to get the latest dollar to Naira exchange rate. You have converted 1 USD to NGN : 385.530000 ₦. 1 NGN. Export this data to a CSV file which can be imported by Microsoft Excel. Although there might be … Learn more. This is the current price as updated today, you can always check this spot for daily updates (or periodic updates) because they are done in Realtime. This is the rate all banks in Nigeria are expected to exchange the USD for the Naira. The current CBN exchange rate of the Dollar to Naira today is: $1 = ₦380. Nigeria spends about 70% of its income servicing public debt. AED AUD CAD CNY EUR GBP GHS USD XAF XOF ZAR. In the 1950s, Canada decided to have a floating currency. History Of Dollar. CBN rate is the amount in Naira the Central Bank of Nigeria is buying or selling 1 dollar. 1 NGN = 0.00242436 USD. US Dollar to Nigerian Naira conversion — Last updated Jun 9, 2021, 12:27 UTC. A QR code that, when scanned, will take you to the currency app’s download page. XE’s free live currency conversion chart for Nigerian Naira to US Dollar allows you to pair exchange rate history for up to 10 years. This change has already been effected on the website of the CBN, confirming the stoppage of the interbank rate of N379/$1. Over 70 million downloads worldwide. Cbn exchange rate euro to Naira is..CBN Euro To Naira exchange rate {Eur £} Buy: 356.867 / Sell: 358.0384. Nigeria’s naira remained unchanged against the U.S. dollar at the unofficial market and official markets on Monday. In finance, an USD to NGN exchange rate is the US Dollar to >Nigerian Naira rate at which US Dollar to Nigerian Naira will be exchanged for another. Right now, the exchange market in Nigeria is kinda fluctuating, right now, 1 dollar to naira is more than N360. GTBank Malaysian Ringgit To Naira Exchange Rate Today 1 Ringgit = 89 Nigerian Naira Please note that you may be charged an amount that is slightly different from the above exchange rates because the exchange rates are not so stable – they can rise and fall at any point in time. 1.1 CAD = 1 USD. The dollar changes for more there. Nigerian Naira / U.S. Dollar 413.2231 Exchange Rate of the Nigerian Naira versus other key currencies: The naira started the year at around 360 naira to the dollar on parallel markets but could soon cross the psychologically important "red line" of 500 naira. Below is the exchange rate history of Dollar to Naira. On May 29, 2015, the PDP government of Dr Goodluck Jonathan handed over power to the APC-led government of President Muhammadu Buhari. Rates are based on real time exchange rates. The official CBN rate stands at N360 per US Dollar ($) Centrally. News Rain Nigeria reports that the exchange rate between the naira and the US dollar closed at N411.25/$1 at the Importers and Exporters window, where forex is traded officially. I.e $1 = ₦363. US Dollar to Naira exchange rate is ₦502 in Nigeria Lagos Parallel Market today, June 11, 2021. 1 United States dollar = 412.9950 Nigerian naira, 1 Nigerian naira = 0.002421 United States dollar. 1.00 US Dollar =. Naira again closed at N485 at the black market, the same rate … Invert the table to see US Dollars per 1 Nigerian Naira. The Central Bank of Nigeria (CBN) has fixed new exchange rate for Naira to Dollar. The Naira to dollar exchange rate in 2020 has been marred by a series of economic uncertainties and weak macro fundamentals caused by the COVID-19 pandemic. Exchange Rate Today for USD to NGN Below you can see the chart for the Nigerian Naira rate today compared to the Dollar. N485 – sell per $1. Find Below Naira to Dollar Exchange Rate History. Aboki FX Live Daily Naira to Dollar Exchange Rates. Amount – be sure to check the transfer fee before sending it because MoneyGram uses a tiered system for sending cash. 412.48 061 Nigerian Nairas. CBN Exchange Rate of Dollar to Naira Today. The table currently shows historical exchange rates for Nigerian Nairas per 1 US Dollar. Also, view Naira to Dollar … This is the rate all banks in Nigeria are expected to exchange the USD for the Naira. This is further strengthened by CBNs endorsement to the reliability of the information published on the website. Convert USD to NGN The parallel market rate … First Bank EURO to Naira exchange rate today. However, on Thursday the now official rate has been updated to N410 per U.S Dollar, indicating an improvement of N0.25 from N410.25 on Wednesday. Convert Nigerian Nairas to American Dollars with a conversion calculator, or Nairas to Dollars conversion tables. We use midmarket rates. Comment. Rather, the exchange rate it employs for the currency pair is dependent on the macro-economic and fiscal policies set by the Central Bank of Nigeria. Canadian Dollar : Basic Info. Download the Xe App. First Bank Dollar to Naira exchange rate today. Today's market rate for common transfer amounts USD to NGN. 1 Zimbabwe Dollar = 1.1407 Nigerian Naira Wednesday, 09 June 2021, 23:00 Harare time, Wednesday, 09 June 2021, 22:00 Lagos time Following are currency exchange calculator and the details of exchange rates between Zimbabwe Dollar (ZWD) and Nigerian Naira (NGN). During the Second World War, the Canadian dollar exchange rate was pegged to the US Dollar. NGN. As at today with USD being traded at ₦499 we see a 0.07% rise for USD to Naira exchange rate for this month. The Nigerian currency has suffered high inflation rate and that has made it unstable over the years. Moneygram Exchange Rate Dollar to Naira Today in Nigeria. 5 CAD Note. The dollar to Naira bank rate today is one of the most requested searches and here in this article, we will list out the best place to get the latest dollar to Naira exchange rate. Updated on 27, 2021 . Export to Excel. At times, you won’t get up to $1,000 through this channel. Current rate : ₦440:00 ... Bitcoin Cash (BCH) to Naira Exchange Rates. Cbn exchange rate pounds to Naira … Naira strengthens by 0.29% to N385.00/$ at… Naira crashes to lowest at parallel market since 2017; Naira strengthens against Dollar in all major forex… Naira remains stable at $/N474 at parallel forex market; Naira weakens 0.09% in Investors’ Forex Window… N305/$ Exchange Rate, Not Transactional as Naira Stabilizes Compare us to your bank Send money with Wise. 38 of 1998,1999 and CBN Act of 2007. 0.02577 USD. Aboki FX Live Daily Naira to Dollar Exchange Rates. Older generations would be able to relate to the good times better when the Naira was as strong as the Dollar but for the newer generation seeking the history of the Naira against the dollar this article should help you with that. CBN devalued the Naira by 7.6% against the Dollar in what has been seen as a move to migrate towards a single exchange-rate system for the local currency. CBN devalues naira by N6 in move to unify exchange rates – The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar.The naira devaluation has brought the local currency closer to the exchange rate unification agenda of the apex bank as recommended by the International Monetary Fund (IMF) and World Bank. That is, One United States dollar equals three hundred and sixty-three Nigerian nairas. This makes no rise for USD rate against Naira this week.. To have a monthly quick review, we see that USD rate started June at ₦498 on Tuesday, June 01, 2021. Thursday. ₦ [EOD shortcode cache error: value is not cached yet] $500. On this page you can find the latest exchange rate between US Dollar and Nigerian Naira, results are updated every hour, for this operation we used the international currency rate: 385.53000.You can convert US Dollar to other different currencies with the converter on right sidebar The Abuja-based Central Bank of Nigeria replaced the fixed rate of 379 naira to a dollar used for official transactions with the more flexible nafex, also known as the investors and exporters exchange rate that has averaged 410.25 naira per dollar this … The dollar changes for more there. How much is Dollar to Naira exchange rate today black market – The Naira to Dollar exchange rate though pegged at an official rate of N380.5 per $1 had been at what could be described as freefall in the black market. 37 of 1998,No. Conversion rates US Dollar / Nigerian Naira. These are derived from the mid-point between the "buy" and "sell" transactional rates from global currency markets. 1 USD. CBN Exchange Rate US Dollar to Naira from 2015 till Date. The apex bank had listed the Naira-US Dollar exchange rate at N410.25 to a United States Dollar on Wednesday following the adoption of the NAFEX rate as the official rate. The naira traded at N470/$1 for almost 2 weeks since … And the foreign currencies are not readily available to the public. This online news platform understands that the CBN […] The CBN exchange rate of 1 dollar to Naira today is #306/307. On April 2, 1792, the United States Congress created the U.S dollars as the standard unit of money for the country. Convert world currencies, precious metals, or obsolete currencies, which are marked with an asterisk (*). This ushered in Buhari, a former military ruler. SEE HOW MUCH YOU GET IF YOU SELL. One of the functions of the central bank of Nigeria, among others, is ensuring stability of the foreign exchange market. 1 USD = 412 NGN 1 Dollars = 412 Nigerian Naira With the history chart of this currency pairs you can review market history and analyze rate … 20 NGN. This responsibility has been entrusted on CBN due to the flightiness experienced in the past when it came to foreign exchange. On Abokifx you can check to see the BDC rates, ATM rates as well as forex market news. United States Dollar(USD) To Nigerian Naira(NGN) This is the page of United States Dollar (USD) to Nigerian Naira (NGN) conversion, below you can find the latest exchange rate between them and is updated every 1 minutes. 10 NGN. 5/27/2021. They are not transactional rates. Nigerian Naira(NGN) To United States Dollar(USD) Exchange Rate on 31 Dec 2011 (31/12/2011) This page shows the exchange rate of Nigerian Naira (NGN) To United States Dollar (USD) on 31 Dec 2011 (31/12/2011).If you would like to view the current exchange rate of the currency pair, please visit Nigerian Naira (NGN) To United States Dollar (USD) Exchange Rates Today. AbokiFX Daily dollar rate, Naira to Euro, Naira to Pounds, with live foreign exchange rate calculator on AbokiFX. The USDNGN spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the NGN. First Bank of Nigeria - (United States Dollar) rates . 1 Nigerian naira = 0.002424 United States dollar, 1 United States dollar = 412.4987 Nigerian naira. The table above gives daily updates of Canadian dollar to Naira Exchange rate. The black market is the same as the parallel market. Deposits in any bank in Nigeria : Naira N Dollar ensures total security in your online transfer : Send money from the comfort of your home : AVOID EXPENSIVE FEES : Transaction fee AS LOW AS: US$ 1.99 : Exchange rate: 475.000 : Send amount: Up to US$ 2,995 (in 30 days) Need to send more? Dollar To Naira Exchange Rate Today Black Market {March 2021} By S. Olawale March 15, 2021 Business 0 Comments. Leave a Comment Cancel reply. GTBank Dollar to Naira rates GTB exchanges Dollar at $1 to NGN390 at the Interbank rate, while the Black market (Parallel) rate exchanges the Dollar at $1 to NGN475. Access currency exchange rates back to January, 1990: Type currency names, 3-letter ISO currency symbols, or country names to select your currency. GTBank Dollar to Naira Exchange Rate Today – 2020. 24 of 1991, CBN Decree Amendments 1993,No. 4.5/5, 2.2k ratings. Current Nigerian Naira Exchange Rates. 1972 $1 = N0.658 1973 $1 = N0.658 1974 $1 = N0.63 1975 $1 = N0.616 It shows the exchange rate of the two currencies conversion. The Central Bank of Nigeria (CBN) is basically the only financial institutions that trade using the official exchange rate. Business Post reports that before now, the official exchange rate was N379/$1 but according to the CBN, the new official rate of the Naira to the Dollar is the Investors and Exporters (I&E) rate of N410.25/$1. 5 NGN. Name: Canadian Dollar ISO : CAD Symbol: $ How to Start a Local Furniture Business in Nigeria. Daily market exchange rates are available on your favourite bank websites and major forex portals all over the internet. Cbn exchange rate dollar to Naira is e.g 365 Buy / 360 Sell. Conversion rates Nigerian Naira / US Dollar. The legal backing for monetary policy by the Bank derives from the various statutes of the bank such as the CBN Act of 1958 as amended in CBN Decree No. Dollar To Naira In Black Market. Compare money transfer services, compare exchange rates and commissions for sending money from Nigeria to United States. In mid-1949, use of the British Pound was terminated, and the Dollar remained fixed at the same rate to the CAD. AbokiFX Daily dollar rate, Naira to Euro, Naira to Pounds, with live foreign exchange rate calculator on AbokiFX. Source: free currency rates (FCR) Dollar To Naira Exchange Rate Today in the Black Market. Dollar to Naira Bank Rates US Dollar to Naira bank rate has the most recent rate of ₦ 440 at Sterling Bank as of 26/05/2021 the lowest value of … This makes it 0.19% rise for United States Dollar against Naira this week. 577 / 582. Dollar To Naira Exchange Rate. Naira n Dollar, Inc . The transfer fee differs for an amount between $1 – $50 and $51 – $1001. On January 11, 2021, the exchange rate between the naira and dollar at the black market closed at N475/$1 representing a N3 drop when compared to the N472/$1 it closed on the previous trading day of January 8th, 2021.. The word dollar is derived from the low Saxton cognate of the High German Thaler. The dollar to naira black market rate is ₦363. 412.48 061 Nigerian Nairas. There is the black market exchange rate and the official bank rate with which your bank pays you except you have a dollar account, otherwise known as a domiciliary account. I.e $1 = ₦363. CBN has fixed new exchange rate for Naira to dollar. When we look at this month, USD was traded at ₦492 at the beginning of this June on Tuesday, June 1, 2021. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. 0.00293 CAD. Although there might be slight changes depending on … During last 30 days average exchange rate of United States Dollar in Nigerian Nairas was 409.6937 NGN for 1 USD.The highest price of US Dollar in Nigerian Naira was Sat, 15 May 2021 when 1 US Dollar = 413 Nigerian Naira.The lowest change rate in last month between US Dollars and Nigerian Naira currencies was on Sat, 15 May 2021. Nigerian Naira(NGN) To Australian Dollar(AUD) This is the page of Nigerian Naira (NGN) to Australian Dollar (AUD) conversion, below you can find the latest exchange rate between them and is updated every 1 minutes. Scan me! During last 30 days average exchange rate of Nigerian Naira in US Dollars was 0.00247 USD for 1 NGN.The highest price of Nigerian Naira in US Dollar was Fri, 14 May 2021 when 1 Nigerian Naira = 0.0026 US Dollar.The lowest change rate in last month between Nigerian Nairas and US Dollar currencies was on Fri, 14 May 2021. Conclusion. / = BTC/USD = 40252.1189 BTC/NGN = 19482025.5683 ETH/USD = 2812.6812 ETH/NGN = 1361337.7 LTC/USD = 211.3837 LTC/NGN = 102309.7097 XRP/USD = 1.191 XRP/NGN = 576.4632 BCH/USD = 815.3626 BCH/NGN = … In quick summary, the Interbank exchange rate is a type of Dollar to Naira exchange rate that is being done by the bank’s own type of bureau de change. While the USDNGN spot exchange rate is quoted and exchanged in the same day, the USDNGN forward rate is quoted today but for delivery and payment on … It was the first bank time an opposition party would defeat the ruling party at the centre. 3 of 1997,No. As at today with USD being traded at ₦497 we see a 0.05% rise for United States Dollar to Naira exchange rate for this month. This is the second depreciation of the naira this year after falling to N472/$1 on Friday, January 8th 2021. 18/05/2021. 1 NGN = 0.00242436 USD. Dollar To Naira In Black Market. TradeNAIRA is the only transparent Nigerian Naira Currency Exchange. The value of the naira to the dollar fell from 196.99 in December 2015 to 410 in April 2021. See our guide on opening a domiciliary account in Nigeria. Initial US Dollar rate was noted as ₦502 at the beginning of this week on Monday, June 07, 2021. The Nigeria Official Exchange Rate (bank rate) of the United States Dollar is currently fixed (pegged) by the Central Bank of Nigeria (CBN). Exchange rates are updated every 15 minutes. The black market is the same as the parallel market. When we look at this month, USD was traded at ₦492 at the beginning of this June on Tuesday, June 1, 2021. Share FX rate.
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