Naira
On this page, Newsonline Nigeria compiles dollar to naira exchange rates daily during the week so our readers can easily have access to the rates the American dollar exchanged against the Nigerian naira each day for the week.
Newsonline reports that the dollar to naira exchange at the official market, as well as, at the parallel market otherwise known as the black market for each day during the week will be accessed by our readers.
Newsonline reports that Nigeria’s local currency, naira, rises against the United States dollar weekend but analysts appear not to be satisfied with a relatively overpriced local currency, thus expecting further devaluation at Investors and Exporters foreign exchange rate window.
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Data from the FMDQ Exchange platform showed that Naira traded at N414.30 to a dollar in the Investors and Exporters window, gaining 0.2% week on week against the previous record.
While external reserves position has expanded significantly following an inflow from foreign currency borrowings of $4 billion and about $3.5 billion inflow from special drawing rights, the naira has faced many pressures, crossing N420 briefly at investors and exporters foreign exchange window.
This week, Nigeria’s foreign currency reserves snapped its ten consecutive weeks of accretion as it closed lower by $102.20 million week on week to $41.73 billion, according to Cordros Capital in a macroeconomic note.
In the parallel market, the foreign exchange rate has worsened after the central bank decision to ban weekly dollar supply to bureau de change operators in July. However, low dollar supply has persisted despite growing prices of oil in the global market,
Naira has weakened again days after gaining against dollar.
Newsone reports that Nigeria’s official currency, crashed at parallel market also known as the black market on Wednesday, November 3, 2021, after gaining “massively” last week.
Dollar to Naira exchange rate today 3 November 2021, black market rate can be accessed below.
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦567 and the price can change (high or low ) within hours.
Dollar to Naira exchange rate today 2 November 2021, black market rate can be accessed below.
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦568 and the price can change (high or low ) within hours.
Naira has gained massively with dollar crashing at black market.
Newsone reports that the American official currency, dollar crashed at the parallel market also known as the black market on Monday, November 1, trading at ₦565 per a dollar with Bureau De Change (BDC) operators buying at at ₦555 per a dollar as at 9:15 am in the Lagos market as monitored by Newsone Nigeria reporters who visited the market on Monday morning.
Dollar to Naira exchange rate today 1st November 2021, black market rate can be accessed below.
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦565 and the price can change (high or low ) within hours.
The dollar has started November on a free fall against Naira at the black market.
Newsone reports that the American official currency, dollar crashed at the parallel market also known as the black market on Monday, November 1, trading at ₦565 per a dollar with Bureau De Change (BDC) operators buying at at ₦555 per a dollar as at 9:15 am in the Lagos market as monitored by Newsone Nigeria reporters who visited the market on Monday morning.
That’s the latest dollar to naira exchange rate today, check back tomorrow for more. Also click on Newsonline Nigeria to read other stories.
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