Dollar To Naira Exchange Rate Today 17th November 2021
The black market dollar to naira conversion rate for today, November 17th, 2021, is available below.
Today’s official dollar to naira exchange rate in Nigeria, including Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) rates, was collected by Touchaheart.
November 17 dollar to naira official market exchange rate: $1 dollar to naira =₦413.74
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
According to data provided on the FMDQ Security Exchange, where forex is officially exchanged, the naira began at 413.74 per dollar on Wednesday, November 17th, 2021, after closing at 415.10 per $1 on Tuesday, November 16th, 2021. This indicates a -0.20 percent change.
How much is exchange rate of Dollar to Naira in Black Market today?
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES November 17, 2021 (BLACK MARKET): dollar to naira exchange rate today black market
November 17 dollar to naira black market exchange rate: $1 dollar to naira = ₦545
Lagos parallel market (black market dollar exchange rate today)
The local currency began at N545.00 per $1 on the parallel market, also known as the black market, in Lagos, Nigeria, today, Wednesday, November 17th, 2021, after closing at N540.00 per $1 on Tuesday, November 16th, 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 545 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 on the illicit market, the players buy a dollar for N540 and sell for N545 on Wednesday morning, November 17, 2021, after buying N537 and selling for N540 on Tuesday, November 16, 2021.
IMPORTANT NOTE: The exchange rate fluctuates hourly, depending on the amount of dollars available and the Demands. What this signifies is… At $545, you can buy or sell one dollar, and the price can swing dramatically (high or low) within hours.
Forex turnover is $62.53 million, according to data from FMDQ.