Dollar to Naira Exchange rate today
Black Market Dollar To Naira Exchange Rate Today 1st November 2024
Dollar to naira exchange rate today in black market on 1st November 2024 can be accessed below.
Newsone Nigeria has obtained the official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market. As of now, you can purchase 1 dollar at a certain rate now, however, it’s important to remember that the rate can shift (either upwards or downwards) within hours.
What is the dollar to naira exchange rate today?
Please note that the black market dollar-to-naira exchange rate in Nigeria is typically higher than the official exchange rate because the Federal Government does not regulate it.
Below you can see the chart for the Nigerian Naira rate today in the official market compared to the Dollar.
| 1 USD = 1645.78 NGN |
| 1 Dollars = 1645.78 Nigerian Naira |
| The USDNGN rate as of 1 Nov 2024 |
How do you find a Reputable Dollar Black Market Exchange Dealer?
If you are looking to exchange USD for Naira, it is important to find a reputable dealer. You can find USD to NGN black market dealers online or in person. However, it is important to be careful when exchanging currency on the Naira Black Market, as there is a risk of being scammed.
Tips for Exchanging Dollars for Naira on the Black Market
- Only exchange Dollars (USD) with reputable dealers.
- Ask for a written receipt for the exchange.
- Be aware of the current Dollars to Naira Black Market Exchange rate before you exchange your currency.
- Do not exchange large amounts of Dollar currency at once.
What Factors Affect the Dollar to Naira Black Market Exchange Rate?
Several factors can affect the Dollar Black Market Exchange rate, including:
- Supply and Demand for the Dollar
- The political and economic situation in the US and Nigeria
- The value of the US dollar.
Disclaimer: NEWSONE NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the FMDQOTC website. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.
