Naira to Dollar Exchange Rate for Today

Naira to Dollar Exchange Rate for Today

Naira was sold at N515 to USD1 on Friday at the unregulated parallel market known as the black market. British Pound and Euro currencies were traded at N703 and N600, respectively against the naira.

Naira remained largely unchanged today,however, the local currency remained near record lows against foreign currencies as dollar scarcity persists across key foreign exchange segments.

Date USD GBP EURO YUAN Canadian Australian
NGN BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL
16/08/2021 508/515* 695/703* 590/600* 70/75 415/425 305/330
13/08/2021 508/515 695/703 590/600 70/75 415/425 305/330
12/08/2021 507/515 695/702 590/598 70/75 415/425 305/330
11/08/2021 507/515 695/703 590/596 70/75 415/425 305/330
10/08/2021 503/510 695/703 590/596 70/75 415/425 305/330
09/08/2021 503/510 695/705 590/596 70/75 420/420 305/330
06/08/2021 505/510 700/705 592/598 70/75 407/415 305/330
05/08/2021 500/508 700/705 590/598 70/75 407/415 305/330

Bureau De Change Naira Rates

Date USD GBP EURO
NGN BUY/SELL BUY/SELL BUY/SELL
16/08/2021 500/513 690/700 585/600
13/08/2021 500/513 690/700 585/600
12/08/2021 500/513 690/700 585/600
11/08/2021 500/513 680/705 585/600
10/08/2021 500/506 680/705 585/600
09/08/2021 500/506 680/705 580/600
07/08/2021 510/520 695/706 585/600
06/08/2021 495/508 680/705 580/602
05/08/2021 495/508 685/705 580/602
04/08/2021 495/508 685/705 580/602

Central Bank of Nigeria’s Official Naira Rates

Date Currency Buying(NGN) Central(NGN) Selling(NGN)
8/13/2021 US DOLLAR 409.11 409.61 410.11
8/13/2021 POUNDS STERLING 565.5537 566.2449 566.9361
8/13/2021 EURO 481.2361 481.8242 482.4124
8/13/2021 SWISS FRANC 444.395 444.9381 445.4812
8/13/2021 YEN 3.7121 3.7166 3.7212
8/13/2021 CFA 0.7131 0.7231 0.7331
8/13/2021 WAUA 580.3156 581.0249 581.7341
8/13/2021 YUAN/RENMINBI 63.1256 63.2032 63.2808
8/13/2021 SOUTH AFRICAN RAND 27.5779 27.6116 27.6453
8/13/2021 DANISH KRONA 64.6978 64.7769 64.8559

N.B: These tables are updated three times a day.

At the bureau de change section, Naira traded at N513 to United States Dollar, N700 to a British Pound and N600 to a Euro following the Central Bank of Nigeria’s decision to cut forex supply to that section of the forex market.

Nigeria’s dwindling foreign reserves amid rising demand for forex across key economic sectors continue to drag on the central bank’s ability to service Africa’s largest economy. Other factors like the rising unemployment rate, high inflation rate, almost zero new job creation and unclear economic direction have compounded Nigeria’s economic woes and subsequently, weigh on Naira’s outlook. See the other exchange rates below.

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