What’s your Opinion on Dollar to Naira Black Market Exchange Rate Today, let us know what you think and how the Government can work with the CBN to provide reasonable USD to naira rates in the future. These rate normally would always be lower than what is obtainable in the black market. The CBN Exchange rate is the rate you can buy or sell dollars for naira listed on CBN dollar to naira website .ĭollar to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. The black market commonly referred to as Aboki market rate for dollars is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN).
Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it. The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate.Īs Naira is falling, inflation takes over the economy which usually affects the citizens. Currently, Naira is trading at 573 Naira Per Dollar. Parallel exchange rate (black market) exchange rate is always different from CBN rate. How Much is Dollar to Naira Official Exchange Rate Today Rate varies for various banks and parallel markets. Dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar.
Black market dollar rate in nigeria update#
We will always update the latest rate on a daily basis to keep you informed. What is the current dollar to naira exchange rate in parallel market? Well, it may interest you to know that Dollar to Naira rate in the black market sometimes varies hugely from the rate in Central Bank of N igeria website (The price listed above is the current USD to Naira exchange rate. Dollar to Naira Black Market Rate Today Dollar to Naira (USD to NGN) You can find their exchange rate for today here. Aboki fx is the most trusted source for black market dollar to naira rate today. From 1978-2018.Aboki fx dollar to naira exchange rate has also been added here so you can easily verify each of the rate for the currencies you want to exchange in the parallel markets. – for annual data. Choose the category External Sector - then "Value of Financial Assets (Exchange Rate & Coin Price"- then exchange rates- under both US Dollar and Euro, you will find "Non-official Rate".
Black market dollar rate in nigeria series#
Exchange rate Dollar to naira black market in owerri.
Exchange rate fundamentals, forecasting, and speculation: Bayesian models in black markets. Journal of Applied Econometrics, 29(1), 22-41. Exchange rate Dollar to naira black market in owerri. Reinhart - Harvard University.data through 2016 Exchange Rates (Official and Parallel) - Carmen M.In the left-side column, under "Series Type," choose "Exchange Rates - Black Market" from the drop-down menu.Largely historic but some are fairly up to date including for North Korea and Venezuela. Time series of black market exchange rates for about 50 countries.These black market rates often occur when the official rate bears little resemblance to the actual market conditions. Black market exchange rates are exchange rates that differ from the officially given exchange rate set by a government.