Black Market Dollar To Naira Exchange Rate Today 11th February 2022

Black Market Dollar To Naira Exchange Rate Today 11th February 2022

The black market dollar to naira conversion rate for today, February 11th 2022, is available below.

IMPORTANT NOTE: The exchange rate fluctuates hourly, depending on the amount of dollars available and the Demands. What this means is that at N573, you can purchase or sell a dollar, and the price can fluctuate (high or low) within hours.

February 11th dollar to naira official market exchange rate: $1 dollar to naira =₦415.77

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 415.77 per dollar on Frday, 11th February, 2022, after closing at 416.67 for $1 on Thursday, February 10th, 2022. This represents a 0.16 percent change.

How much is exchange rate of Dollar to Naira in Black Market today?

For the Lagos market, the parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: (black market).

LAGOS PARALLEL MARKET RATES February 11th, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

February 11 dollar to naira black market exchange rate: $1 dollar to naira = ₦573

Lagos parallel market (black market dollar exchange rate today)

The parallel market, often known as the black market, in Lagos, Nigeria, began at N573.00 per $1 today Friday, 11th February 2022, after closing at N572.00 per $1 on Thursday, 10th February 2022.

Read More: Black Market Dollar To Naira Exchange Rate Today 10th February 2022

Despite the fact that the dollar to naira exchange rate opened in the parallel market at 573 for $1 today, the Central Bank of Nigeria (CBN) does not recognize the parallel market, also known as the black market. 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.

players buy a dollar for N568 on the black market and sell for N573 on Friday morning, February 11th, 2022, after buying N566 and selling for N572 on Thursday, February 10th, 2022.

while, the USD began trading this week at 571 in Lagos Nigeria’s Parallel Market, popularly known as the Black Market, on Monday, February 7, 2022, the same amount it began trading at 570 last week on Monday, January 31, 2022.

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 you buy or sell forex may be different from what is captured in this article.