Dollar to naira exchange rate today, 18th August 2022, USD to Naira, can be accessed below.
Newsone has compiled the current USD to Naira rate today. See CBN & black market dollar to naira exchange rate for dollar to naira aboki fx. You change your USD to naira at these rates or convert dollar to naira at the latest black market rate or parallel market.
So many Nigerians prefer to exchange their foreign currencies, especially the US Dollars to Naira using the black market because the exchange rate is very high compared to what the bank offers. If you want to know the current black market rate, here is the page to find that.
Aboki fx dollar to naira exchange rate has also been added here so you can easily verify each of the rate for the currencies you want to exchange in the parallel markets. Aboki fx is the most trusted source for black market dollar to naira rate today. You can find their exchange rate for today here.
Dollar to Naira Black Market Rate Today
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate Today|
What is the current dollar to naira exchange rate in parallel market? Well, it may interest you to know that the Dollar to Naira rate in the black market sometimes varies hugely from the rate on the Central Bank of Nigeria website (www.cbn.gov.ng).
The price listed above is the current USD to Naira exchange rate. We will always update the latest rate on a daily basis to keep you informed. Dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar. Rate varies for various banks and parallel markets.
How Much is Dollar to Naira Exchange Rate Today in the Black Market?
Newsone Nigeria reports that the parallel exchange rate (black market) exchange rate is always different from CBN rate. Currently, Naira is trading at N683 Naira Per Dollar today at the black market. The Nigerian Economy is drastically affected by the fluctuating Dollar to Naira exchange rate.
How Much is Dollar to Naira Exchange Rate Today in the Official Market?
Below you can see the chart for the Nigerian Naira rate today compared to the Dollar.
|1 USD = 425.2461 NGN|
|1 Dollars = 425.2461 Nigerian Naira|
|The USDNGN rate as of 18 Aug 2022 at 7:00 AM|
As the Naira is falling, inflation takes over the economy which usually affects the citizens. Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it.
The black market commonly referred to as Aboki market rate for dollars is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate you can buy or sell dollars for naira listed on CBN dollar to naira rate website cbn.gov.ng.
Dollar to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. These rates normally would always be lower than what is obtainable in the black market.
What’s your take on the Dollar to Naira Black Market Exchange Rate Today? let us know what you think and how the Government can work with the CBN to provide reasonable USD to naira rates in the future.