Naira Dollar Black Market Exchange Rates Today

Naira dollar black market exchange rates today, Monday, November 13, 2023.

The naira dollar black market parallel market exchange rates continue to fall and rise on Monday.

In the latest update on the black market exchange rate, the Naira exhibits resilience, trading at N1125 to a dollar, with selling rates at N1135 as of Monday, 13th November 2023. Despite the Central Bank of Nigeria’s non-recognition of the parallel market, its proactive measures, including clearing the FX backlog, contribute to the Naira’s impressive performance.

The official market reflects a significant monthly peak of N780.14/$1, marking a remarkable 27.77% increase. The Central Bank’s efforts to stabilize the currency receive positive feedback, as evidenced by the Naira’s gain of N216.61 at the official market. However, the parallel market experiences a 3.54% depreciation, quoting rates around ₦1100/$1.

The Naira’s volatility is evident, reaching an intraday high of ₦1096.17/$1 and a low of ₦700.00/$1, while the forex turnover decreases by 63.24% to $84.02 million. The CBN’s initiative to clear foreign exchange forward contracts emerges as a pivotal factor driving this market recovery, fostering optimism for economic stimulation.

NGnrates says that Dollar to Naira exchange rate in Nigeria black market is between ₦1120 and ₦1160 with an average of ₦1,145.00 today on 13/11/2023, according to 3 sell rates shared by the users as comments.

For the last 7 days, between 03/11/2023 and 11/11/2023, Dollar to Naira black market sell rate took values between ₦980 and ₦1170 with an average of ₦1,074.67. When we compare today’s (13/11/2023) values with the last 7 days, average Dollar to Naira rate had a 0 points null from ₦1,074.67 to ₦1,145.00 which corresponds to a 0% null.

Dollar to Naira exchange rate in Nigeria black market is between ₦1110 and ₦1130 with an average of ₦1,118.33 today on 13/11/2023, according to 3 buy rates shared by the users as comments.

Currency Conversion Table: Black Market Dollar To Naira Rates

– 1 US Dollar (USD) to Naira: ₦1125
– 5 US Dollars (USD) to Naira: ₦5625
– 10 US Dollars (USD) to Naira: ₦11,250
– 20 US Dollars (USD) to Naira: ₦22,500
– 50 US Dollars (USD) to Naira: ₦56,250
– 100 Dollars (USD) to Naira: ₦112,500
– 200 Dollars (USD) to Naira: ₦225,000
– 300 Dollars (USD) to Naira: ₦337,500
– 400 Dollars (USD) to Naira: ₦450,000
– 500 Dollars (USD) to Naira: ₦562,500
– 600 Dollars (USD) to Naira: ₦675,000
– 800 Dollars (USD) to Naira: ₦900,000
– 1000 US Dollars to Naira: ₦1,125,000
– 5000 US Dollars to Naira: ₦5,625,000
– 10000 Dollars to Naira: ₦11,250,000

Note: Individual forex rates may vary from those reported here due to market fluctuations.

Naira Dollar Black Market Exchange Today

Naira Dollar Black Market Exchange Today

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Eyo Nse is a creative writer, blogger and a software engineer.He is a simple individual who loves to see others succeed in life.Mr Wisdytech as he is popularly known - started blogging in the early 2000's.