Naira to Dollar Exchange Rate Today, Wednesday, August 18, 2021

Naira to Dollar Exchange Rate Today, Wednesday, August 18, 2021

Naira is currently exchanging at N515 to USD1 at the unregulated parallel market known as the black market. British Pound and Euro currencies were traded at N706 and N605, respectively against the naira.

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

Bureau de Change exchanged at N513 to a USD1, N706 to a British Pound and N603 to a single Euro.

Black Market

Date USD GBP EURO YUAN Canadian Australian
NGN BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL
18/08/2021 510/515* 700/706* 595/605* 70/75 415/430 305/330
17/08/2021 510/515 700/706 595/605 70/75 415/430 305/330
16/08/2021 508/515 700/705 590/600 70/75 415/430 305/330
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
18/08/2021 500/513 695/706 585/603
17/08/2021 500/513 695/706 585/603
16/08/2021 500/513 695/705 585/600
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)
8/17/2021 US DOLLAR 409.11 409.61 410.11
8/17/2021 POUNDS STERLING 564.1218 564.8112 565.5007
8/17/2021 EURO 481.3179 481.9062 482.4944
8/17/2021 SWISS FRANC 449.0286 449.5774 450.1262
8/17/2021 YEN 3.7427 3.7472 3.7518
8/17/2021 CFA 0.7151 0.7251 0.7351
8/17/2021 WAUA 581.5069 582.2176 582.9283
8/17/2021 YUAN/RENMINBI 63.1343 63.2119 63.2896
8/17/2021 RIYAL 109.0785 109.2119 109.3452
8/17/2021 SOUTH AFRICAN RAND 27.5781 27.6118 27.6455

The CBN pride itself as delivering price and financial system stability and promoting sustainable economic development, but the Nigerian economy is currently experiencing bad times amid strict CBN regulations.

Experts once adviced the Federal Government of Nigeria to reduce the strictness of approval and licence fees to attract both local and foreign investments, but the CBN has yet to respond on that, instead it continues to impose its high standards on startups, weakening the Naira even more.

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