Black Market Dollar To Naira Exchange Rate Today, 16th June 2022
Below is the black market dollar to naira conversion rate for today, June 16th, 2022.
IMPORTANT NOTE: The exchange rate fluctuates hourly, depending on the amount of dollars available and the Demands. What this means is that you can purchase or sell a dollar for 605 dollars, and the price can fluctuate (high or low) in hours.
Touchaheart has gotten 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?
June 16 dollar to naira official market exchange rate: $1 dollar to naira =₦ 414.9946
According to official market FX statistics, the naira started at 414.9946 per dollar on Thursday, 16 June 2022, after closing at 416.6392 per dollar on Wednesday, 15 June 2022.
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How much is exchange rate of Dollar to Naira in Black Market today?
June 16 dollar to naira black market exchange rate: $1 dollar to naira =₦605
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 16 June 2022 (BLACK MARKET): dollar to naira exchange rate today black market
The parallel market, often known as the black market, in Lagos, Nigeria, began at N605.00 per $1 today, Thursday, 16 June 2022, after closing at N605.00 per $1 on Wednesday, 15 June 2022.
Despite the fact that the dollar to naira exchange rate opened in the parallel market at 609 for $1 today, the Central Bank of Nigeria (CBN) does not acknowledge 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 only known exchange, according to the apex bank.
The participants acquire a dollar for N600 on the black market and sell for N605 on Thursday, June 16th, 2022, after buying N600 and selling for N605 on Wednesday, June 15th, 2022.
Meanwhile, Touchaheart Nigeria reported that the USD opened this week at 605 in Lagos Nigeria’s Parallel Market, commonly known as the Black Market, on Monday, June 13th, 2022, after opening at 605 last week on Monday, June 6th, 2022.
TOUCHAHEART NIGERIA does not set or determine foreign exchange rates. The official NAFEX rates can be seen on the FMDQOTC’s website. 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.
