Black Market Dollar To Naira Exchange Rate Today 11th November 2021
The black market dollar to naira conversion rate for today, November 11th, 2021, is available below.
IMPORTANT NOTE: The exchange rate fluctuates hourly, depending on the amount of dollars available and the Demands. What this signifies is… 1 dollar can be bought or sold for $535, and the price can change (high or low) within hours.
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?
November 11 dollar to naira official exchange rate: $1 dollar to naira = ₦414.28
According to data provided on the FMDQ Security Exchange, where forex is officially transacted, the naira began at 414.28 per dollar on Thursday, November 11, 2021, after closing at 414.73 per $1 on Wednesday, November 10, 2021. This equals a 0.09 percent change.
How much is exchange rate of Dollar to Naira in Black Market today?
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 November 10, 2021 (BLACK MARKET): dollar to naira exchange rate today black market
Lagos parallel market (black market dollar exchange rate today) The local currency began at N535.00 per $1 on the parallel market, also known as the black market, in Lagos, Nigeria, today, Thursday, November 11th, 2021, after closing at N550.00 per $1 on Wednesday, November 10th, 2021.
Touchaheart claims that 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 535 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.
Touchaheart Nigeria reports that participants on the black market bought a dollar for N530 and sold it for N535 on Thursday morning, November 11, 2021, after buying N545 and selling N550 on Wednesday morning, November 10, 2021.
Meanwhile, Touchaheart Nigeria says that the USD began trading this week at $565 in Lagos Nigeria’s Parallel Market, popularly known as the Black Market, on Monday, November 8, 2021, after opening at the same price last week on Monday, November 1, 2021.
TOUCHAHEART NIGERIA does not set or determine foreign exchange rates. The official NAFEX rates can be seen on the FMDQOTC’s website. Various sources, including internet media outlets, are used to get parallel market (black market) pricing. The rates at which you purchase or sell FX may differ from those described in this article.