Dollar To Naira Exchange Rate Today 11 October 2021 (Black Market Rate)

 

Touchaheart Nigeria reports today’s dollar to naira exchange rate, as well as the black market rate, may be found below.

Touchaheart has received today’s official dollar to naira exchange rate in Nigeria, as well as Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) rates.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

October 11 dollar to naira official exchange rate: $1 dollar to naira = 413.53

The Naira and the US dollar exchange rate began at N413.53 per $1 on Monday, 11 October 2021, after closing at N414.30 per $1 on Friday, 8 October 2021, according to statistics released on the FMDQ Security Exchange, where FX is officially transacted. This indicates a decrease of -0.09%.

READ ALSO: Dollar To Naira Exchange Rate Today 10 October 2021 (Black Market Rate)

What is the current Black Market Dollar to Naira conversion rate?

The current Nigerian Naira parallel market (black market dollar exchange rate) is as follows: For the market in Lagos (Black Market) LAGOS PARALLEL MARKET RATES October 11, 2021 (BLACK MARKET): dollar to naira exchange rate today black market

October 11 dollar to naira black market exchange rate: $1 dollar to naira = N575

Lagos parallel market (black market dollar exchange rate today) The parallel market, often known as the black market, in Lagos, Nigeria, began at N575.00 per $1 today, Monday, 11 October 2021, after closing at N575.00 per $1 on Friday, 8 October 2021. This is a $0 change from the previous week.

The Central Bank of Nigeria (CBN) does not recognize the parallel market, also known as the black market, despite the fact that the dollar to naira opened in the parallel market at 575 for $1 today. As a result, anyone in need of currency should contact their bank, with the I&E window being the sole known exchange, according to the apex bank. The participants buy a dollar for N570 on the black market and sell for N575 on Monday morning, October 11, 2021, after buying N570 and selling N575 on Friday.

Meanwhile, Touchaheart Nigeria says that the USD began this week at 575 in the Parallel Market, popularly known as the Black Market, in Lagos, Nigeria on Monday, October 11, 2021.

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Disclaimer: TOUCHAHEART NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. 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.

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