Dollar To Naira Exchange Rate Today, 12 May 2022
Dollar to naira exchange rate today
This is the news about the Dollar to Naira rate at the official and black market exchange rate.
Update on the official dollar rate in nigeria 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, May 11th, 2022, for $1 dollar to naira = ₦417.70/$1.
According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦417.70/$1 on Wednesday 11th, after it closed at ₦418.25 to a $1 on Tuesday, 10th May 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 N584 and sell at N597 on Wednesday, May 11th 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.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 584
Selling Rate 597
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦417.70/$1 on 11th May, 2022 and closed at ₦418.75/$1. Showing a change of 0.12% and a daily turnover of $115.78 million.
According to data from FMDQ, forward rate went as high as ₦453.25 and as low as ₦419.98.