As a Nigerian that is really interested in the FOREX market or maybe you conduct online payment transactions daily, the first thought that gets to your head every morning are; the current exchange rate of Dollar to Naira in black market or the CBN exchange rate Dollar to Naira. This is quite normal, that is why here at blogginfotech.com, we promise to bring to your daily updates of the current Dollar rate in Nigerian black market and the official CBN (Central Bank of Nigeria) rate. You can bookmark or always check on this page for future updates.
The United States Dollar (USD)
The United States Dollar (USD) is unarguably one of the strongest currency in the world today. It is accepted in almost parts of the world as a means of payment of services or transactions carried but online and offline. A hundred Cents makes up a Dollar, and the symbols of Cent and Dollar respectively are (¢) and $. The code for the United States Dollar is USD.
Some other countries also makes use of the Dollar as their official currency but their value and exchange rates are quite different from that of the United States Dollar. Example of such countries include; Ecuador, Zimbabwe, Canada, East Timor, Palau, Federated States of Micronesia, Panama, Turks and Caicos Island, Marshall Island, El Salvador, Caribbean Netherlands, British Virgin Islands, etc. One good fact about the United State Dollar is that it has an inflation rate of 0,10%.
The Nigeria Naira (NGN)
The Naira is the currency used by the biggest black nation in Africa, which is the Federal Republic Of Nigeria. The Nigeria Naira have maintained a stand of being one of the strongest currency in Africa as at the 20th century, but getting to the 21st century especially in recent times, things have really changed negatively. The foreign exchange rate of the Nigeria Naira have been on the decline in an alarming rate. A hundred Kobo makes up a Naira and the symbol for the Kobo and Naira respectively are; Kobo and ₦. The code for the Naira is simply written as NGN.
How Much Is Dollar To Naira Exchange Rate Today?
The United States Dollar to Nigerian exchange rate today in the parallel market is quite different from the official CBN rate. We shall be giving you daily updates of both dollar rates on this page. Look at them below:
Exchange Rate Dollar To Naira Black Market Today
The Nigeria black market dollar exchange rate today to the Nigerian Naira are as follows:
Buying = 1 USD to Naira 361
Selling = 1 USD to Naira 365
This is the current price as updated today, you can always check this spot for daily updates.
CBN Exchange Rate Of Dollar To Naira Today
The current CBN exchange rate of the Dollar to Naira today is:
1 USD = NGN 305.9
To get the Official Central Bank of Nigeria (CBN) daily exchange rate of the Dollar to Naira, always check on this spot for future updates.
If you will observe the present Dollar to Naira exchange rate and compare it to like few years back you will quite agree with me that the Nigerian Naira is currently losing its stand. Always check on blogginfotech.com for current information concerning the Nigeria Naira and its United States Dollar counterpart.