How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Monday, March 14, 2022, for $1 dollar to naira = ₦416.21/$1.
According to the data at the FMDQ Security Exchange where forex is traded officially, the exchange rate between the naira and the US dollar opened at ₦416.21/$1 on Friday 11th, after it closed at ₦416.50 to a $1 on Thursday, 10th March 2022.
We Report reports that the dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.
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 N572 and sell at N577 on Friday, March 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.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦416.21/$1 on 11th March and closed at ₦416.50/$1. Showing a change of -0.04.
According to data from FMDQ, forward rate went as high as ₦453.15 and as low as ₦432.13.
Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦410.00.
A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date.