Dollar To Naira Exchange Rate Today, 16 March 2022
Dollar to naira exchange rate today Exchange rate
This is the news about the Dollar to Naira rate at the official and black market exchange rate.
Update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate on Tuesday, March 15, 2022, for $1 dollar to naira = ₦416.04/$1 which is the opening rate today
According to the data at the FMDQ Security Exchange where forex is traded officially, the exchange rate between the naira and the US dollar opened at ₦416.04/$1 on Tuesday 15th, after it closed at ₦416.50 to a $1 on Monday, 14th March 2022.
Dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.
How much is a dollar to naira today in the black market?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N575 and sell at N580 on Tuesday, March 15th 2022, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦416.04/$1 on 15th March and closed at ₦416.50/$1. Showing a change of 0.00.
According to data from FMDQ, forward rate went as high as ₦453.15 and as low as ₦420.00.
A spot exchange rate