How Much is Dollar to Naira Today Sunday 27 November 2022

How Much is Dollar to Naira Today Sunday 27 November 2022:  The following are the dollar-to-naira exchange rate in Nigeria today. It also includes the Black Market rates, Bureau De Change (BDC) rate, Central Bank of Nigeria (CBN) rates, and all bank rates. Including; pounds to naira, Euro to Naira, Rand to Naira, and other currencies.

Dollars to Naira Black Market Exchange Rate Today

The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying United States dollars (USD) at the parallel (unofficial) market.

Pounds to Naira Black Market Exchange Rate Today

The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Great Britain Pound Sterling at the parallel (unofficial) market.

Euro to Naira Black Market Exchange Rate Today

The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Euro at the parallel (unofficial) market.

Canadian Dollar to Naira Black Market Exchange Rate Today

The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Canadian Dollars at the parallel (unofficial) market.

Rand to Naira Black Market Exchange Rate Today

The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Rand to Naira at the parallel (unofficial) market.

Dirham to Naira Black Market Exchange Rate Today

The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Dirham to Naira at the parallel (unofficial) market.

Yuan to Naira Black Market Exchange Rate Today

The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Yuan to Naira at the parallel (unofficial) market.

Ghanaian Cedi to Naira Black Market Exchange Rate Today

The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Ghanaian Cedi to Naira at the parallel (unofficial) market.

West African CFA franc to Naira Black Market Exchange Rate Today

The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying West African CFA franc to Naira at the parallel (unofficial) market.

Central African CFA franc to Naira Black Market Exchange Rate Today

The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Central African CFA franc to Naira at the parallel (unofficial) market.

CBN Official Naira Exchange Rates

The exchange rate between the Naira and the US dollar according to the data posted on the Central Bank of Nigeria (CBN) Currency Exchange Rate where forex is official.

GTBank Naira Exchange Rates

First Bank Naira Exchange Rates

Access Bank Naira Exchange Rates

UBA Naira Exchange Rates

Ecobank Naira Exchange Rates

Stanbic Bank Naira Exchange Rates

The following are the euro to dollar exchange rates today. It also includes the euro to pounds exchange rates, euro to yen exchange rates, and euro to naira exchange rates among others.

FAQ

Q: What is the Dollar worth against the Nigerian Naira?

Q: Is the Dollar going up or down against the Nigerian Naira?

Q: What are 50 Dollars in Nigerian Naira?

Factors Influencing Foreign Exchange Rates

Here are some of the causes of the dwindling dollar to naira exchange rate.

Inflation Rates: It is well known that inflation directly impacts black market exchange rates. If the Nigerian economy can be stabilized and inflation is controlled, the naira will benefit; however, if the naira continues to fall, it may indicate that food and other necessities are becoming more expensive daily.

Interest Rates: Another tool to keep an eye on is interest rates. If the interest rate at which banks lend money rises, it would harm the economy, causing it to contract and, as a result, the value of the naira to fall.

Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. If inflows are high, the naira exchange rate will rise in favour of the naira.

Speculators: Speculators frequently impact the naira-to-dollar exchange rate. They stockpile money in anticipation of a gain, causing the naira to plummet even lower.

Conditions of Trade: Favorable trade terms will increase the value of the naira to the dollar, although Nigeria is currently experiencing a trade deficit. Everything comes from China, India, and the majority of Asian countries.