Dollar To Naira Exchange Rate Today 17th November 2021
Dollar to naira exchange rate today 17th November 2021 can be accessed below.
iexclusive News Nigeria has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
November 17 dollar to naira official market exchange rate: $1 dollar to naira =₦413.74
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦413.74 per dollar on Wednesday, 17 November 2021, after it closed at ₦415.10 per $1 on Tuesday, 16 November 2021. This represents a change of -0.20%.
How much is exchange rate of Dollar to Naira in Black Market today?
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES November 17, 2021 (BLACK MARKET):
November 17 dollar to naira black market exchange rate: $1 dollar to naira = ₦545
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N545.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 17 November 2021, in Lagos Nigeria after it closed N540.00 per $1 on Tuesday, 16 November 2021.
iexclusive News Nigeria reports that even though the dollar to naira opened in the parallel market at ₦545 per $1 today, the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market.
The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
iexclusive News Nigeria reports that on the black market, the players buy a dollar for N540 and sell for N545 on Wednesday morning, November 17, 2021 after they bought N537 and sell for N540 on Tuesday, 16 November 2021.
What You Need To Know:
Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦545 and the price can change (high or low) within hours.