Dollar To Naira Exchange Rate Today 13 October 2021 (Black Market Rate)

Naira Gains At Official Market
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Dollar To Naira Exchange Rate Today 13 October 2021 (Black Market Rate)

 

Dollar to Naira exchange rate today 13 October 2021, black market rate can be accessed below.

 

iexclusive News Nigeria brings to you the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

 

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

 

October 12 dollar to naira official exchange rate: $1 dollar to naira = N413.74

 

According to data provided on the FMDQ Security Exchange, where forex is officially traded, the naira began at N413.74 per $1 on Wednesday, October 13th, 2021, after closing at N414.30 per $1 on Tuesday, October 12th, 2021. This equals a 0.02% change..

 

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 October 13, 2021 (BLACK MARKET):

Dollar To Naira Exchange Rate Today 13 October 2021 (Black Market Rate)

October 13 dollar to naira black market exchange rate: $1 dollar to naira = N575

 

What you need to know:

 

The local currency opened at N575.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 13 October 2021, in Lagos Nigeria after it closed N575.00 per $1 on Tuesday, 12 October 2021.

 

This represents a change of $0 from the previous day. This means dollar to naira maintained its position from the previous day.

 

Even though the dollar to naira opened in the parallel market at ₦575 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.