![]() Dollar to Naira CBN Exchange RateĪs of today, the exchange rate of dollar to naira black market is different from the CBN exchange rate and other commercial banks. Please note that the Central Bank of Nigeria does not recognize the black market (parallel market) and recommends individuals interested in Forex to contact their respective banks before carrying out their transactions. Dollar to Naira (USD to NGN)Īs of today, Naira trades NGN585 per $1 at parallel market as abokiFX clears forex information. The current US dollar to naira black market rate is tabulated below. We give you the real exchange rate in order for you to make huge savings on your international money transfers. So how much is the dollar to naira exchange rate at the black market (parallel market) and the aboki fx? Below is the real exchange rate for the US dollar to naira today. As the market ebbs and flows, it still remains relatively low when looking at the exchange rates for today’s date. The rate has been trending downwards over the past few months. The currency exchange rate between the United States dollar and the Nigerian naira fluctuates constantly. ![]() The Nigerian currency has depreciated over the past few years when compared to other major currencies. This page is updated every hour and based on current market data. We compare the Dollar and the Naira Bank rate vs. So read on to see the real mid-market exchange rate, and Aboki FX rate today. You convert your USD to naira at this rate or change your dollar to naira at the parallel market or the latest black market rate. In this article, we will reveal everything you need to know about the USD to NGN exchange rate and the current exchange rate for dollar to naira, both the black market rate and the CBN rate. If you are traveling abroad or doing some online transactions, then it’s good to know what the exchange rate is. The exchange rate between the dollar and the naira is important to know especially when it comes to the Aboki fx dollar to naira rate. Monierate currently tracks the 24-hour price of dollar accross 10+ providers including Binance, Luno, Remitano, Yellow Card, Quidax, and Payday.Are you interested in the dollar to naira exchange rate today? Are you considering traveling abroad or carrying out some online transactions but are unsure about the currency? In the future, you can change the order of the selection between *low to high* or by *Buy* or *Sell* price. The cheapest rate is rank first and the most expensive rate is ranked last. Cedi to Naira (GHS to NGN) Black Market Exchange Rate Today. There might be slight variations in the different parallel (unofficial) markets. The Ghanaian Cedis is currently in Abuja, Kano, and Lagos. By default, prices are arranged from lowest to highest. Today’s Ghanaian Cedis to Naira black market rate is the rate Aboki/Bureau De Change (BDC) are selling and buying. You can use Monierate to know the exchange rate of dollar to naira, get more dollars for naira and vice versa. Monierate is a website for you to compare the prices of dollar accross multiple providers in Nigeria. If you have USDT but need naira, they buy the USDT from you at a lower naira price and sell at a higher naira price to someone else who need USDT. This is popularly known as arbitrage or trading profit, buy low and sell high. Why is Buy Price always higher than Sell Price?Įxchange Providers makes money from the difference between the exchange price of dollar. The provider will credit naira to you at a Sell Price. An example is, you have USDT, but you need naira to pay a bill, you will need to exchange your USDT for naira. It is how much naira you are getting for every dollar you exchange. Sell price is the rate at which you will pay to convert dollar to naira. ![]() The provider will credit USDT to you at a Buy Price. An example is, you have naira, but you need USDT to pay for a bill, you will need to exchange your naira for USDT. It is how much naira you are paying for every dollar you get. What is Buy Price?īuy price is the rate at which you will pay to convert naira to dollar. On Monierate, we only list trusted entities for you to choose from not individual traders. ![]() A provider can be an individual or entity. You will need an exchange provider to convert your USDT to naira. If you have 100 USDT, and you want to exchange it for naira. A provider is an entity that help you facilitate the exchange of currencies.
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