Dollar To Naira Exchange Rate Today, 17 March 2022
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 Wednesday, March 16, 2022, for $1 dollar to naira = ₦416.19/$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 ₦416.19/$1 on Wednesday 16th, after it closed at ₦416.50 to a $1 on Tuesday, 15th March 2022.
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 Wednesday, March 16th 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 ₦416.19/$1 on 16th March, 2022 and closed at ₦416.50/$1. Showing a change of 0.00.
According to data from FMDQ, forward rate went as high as ₦453.25 and as low as ₦415.50.
Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦410.00.