Dollar to Naira Black Market Exchange Rate Today | USD to Naira

Dollar to Naira Black Market Exchange Rate Today | USD to Naira

Dollar to Naira Black Market rate – Here is the current USD to Naira rate today. See CBN & black market exchange rate for dollar to naira Aboki fx. You change your USD to naira at this rate or convert your dollar to naira at the latest black market rate or parallel market.

So many Nigerians prefer to exchange their foreign currencies, especially the US Dollars for naira using the black market because the exchange rate is very high compared to what the bank offers. If you want to know the current black market rate, here is the page to find that.

Aboki fx dollar to naira exchange rate has also been added here so you can easily verify each of the rates for the currencies you want to exchange in the parallel markets. Aboki fx is the most trusted source for black market dollar to naira rate today. You can find their exchange rate for today here.

Exchange Rates

AbokiFX provides you with up-to-date information about the various rates associated with the currency market. On the website of AbokiFX, you’ll find updates about the rates at which the Nigerian naira exchanges for other currencies. You’ll also find updates about the exchange rates stipulated/offered by the Central Bank of Nigeria, international money service companies and notable Nigerian banks including Access Bank and GTBank.

Parallel Market FX rates –AbokiFX, through its mobile app, provides you with detailed and accurate information about the parallel market. Armed with such information, Forex traders in Nigeria can free themselves from ignorance which often results in unfavourable trading decisions. Through the regular currency quotes provided by AbokiFX, you’re bound to know what obtains in the parallel market and ultimately avoid being misled.

Western Union rates –As provided on the website of AbokiFX, these are the rates at which naira is exchanged for foreign currencies such as the British pound sterling, the dollar and the euro. Nigerians willing to perform transactions via Western Union can rely on AbokiFX’s Western Union rates in viewing the relevant up-to-date prices.

CBN official rates –Particularly via the AbokiFX mobile app, it’s easy to have direct access to the official rates set by the Central Bank of Nigeria (CBN). This avails users of the app the chance to keep tabs on verified CBN rates and know when there are changes.

ATM rates –These rates constitute the essential information that Forex traders in Nigeria always want to know. ATM rates are the applicable exchange rates at various Nigerian banks. Each Nigerian bank can fix its own exchange rates but such rates are subject to supervision by the CBN.

Black market BDC rates –Black market in the Nigerian Forex market refers to Forex activities not under the regulation of the CBN. Prices in this market are fixed by individual sellers and are not subject to any CBN-approved official regulations. Notably, AbokiFX is an avenue for traders to get updated about trends –including rates –in the black market.

Are you interested in finding the dollar to naira bank rate for today? Not only have we provided that in this article, but we have also covered every question in relation to naira and the dollar, take a look at some of the Benefits of Currency converter Apps and their impact on currencies conversion rates like Naira to dollars and dollars to Naira vice versa and explained why the naira fluctuates so erratically.

Dollar to Naira Black Market Rate Today

What is the current dollar to the naira exchange rate in the parallel market? Well, it may interest you to know that the Dollar to Naira rate in the black market sometimes varies hugely from the rate on the Central Bank of Nigeria website (www.cbn.gov.ng).

The price listed above is the current USD to Naira exchange rate. We will always update the latest rate on a daily basis to keep you informed. The dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar. Rate varies for various banks and parallel markets.

How Much is Dollar to Naira Official Exchange Rate Today

The parallel exchange rate (black market) exchange rate is always different from the CBN rate. Currently, Naira is trading at 780 Naira Per Dollar. The Nigerian Economy is drastically affected by the Dollar Naira exchange rate.

As Naira is falling, inflation takes over the economy which usually affects the citizens. Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it.

The black market commonly referred to as Aboki market rate for dollars is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate you can buy or sell dollars for naira listed on CBN dollar to naira website cbn.gov.ng.

The dollar to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. These rates normally would always be lower than what is obtainable in the black market.

What’s your opinion on the Dollar to Naira Black Market Exchange Rate Today, let us know what you think and how the Government can work with the CBN to provide reasonable USD to naira rates in the future.