What is the US Dollar to Naira Exchange rate at the black market today July 21, 2023, which is also known as the parallel market (Aboki fx or Aboki exchange rate)? Find below the black market Dollar to Naira exchange rate for today. You can easily swap your dollar for Naira at these rates.
How much is a dollar to naira today in the black market?
Dollar to naira exchange rate today black market yesterday (Aboki dollar rate):
On Wednesday, July 20, 2023, insiders from Bureau De Change (BDC) revealed that the exchange rate between the US dollar and the Nigerian naira witnessed fluctuations across different markets. In the Lagos Parallel Market, commonly known as the Black Market, the buying rate for a dollar stood at N788, while the selling rate was N790. However, at the Investors and Exporters (I&E) window, the dollar to naira exchange rate initially peaked at N787 but eventually closed at N865.
Please note that the Central Bank of Nigeria (CBN) does not officially recognize or endorse the activities of the parallel market, commonly known as the black market, for foreign exchange. The CBN has directed individuals seeking foreign exchange to approach authorized banks for their foreign currency needs.
The dollar to naira black market exchange rate today Thursday, July 21, 2023 is as follows:
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N865 |
| Selling Rate | N870 |
CBN Official Naira to Dollar exchange rate today July 21 2023
This means that you can buy 1 dollar for 865 naira, and you can sell 1 dollar for 870 naira at Aboki exchange rate.
Aliexpress dollar to naira exchange rate today
As of today, the exchange rate for the dollar to the Nigerian naira on AliExpress is 792.50 Naira per dollar. If you have a domiciliary account, you have the option to purchase directly from your account. Additionally, AliExpress now allows users to make purchases in Nigerian naira instead of requiring payments in foreign currency.
1000 Naira to dollar conversion rate will give you N870,000.
How much is $100 in black market today?.
Now, How much is $100 US in Nigeria?
- $100 USD in black market today will give you ₦87,000.
How Much is 1 dollar to naira official exchange rate today.
The dollar to naira exchange rate at the Investors and Exporters (I&E) window on July 21, 2023, is as follows:
- Buying rate: N792.50/$
- Selling rate: N793.50/$
This means that you can buy 1 US dollar for N792.50, and you can sell 1 US dollar for N793.50.
Euro To Naira Black market exchange rate ngnrates.com
The euro to naira exchange rate on July 21, 2023, is as follows:
- Buying rate: N870.72/€
- Selling rate: 862.72/€
This means that you can buy 1 euro for 870.72 naira, and you can sell 1 euro for 862.72 naira.
Pound To Naira Black market exchange rate ngnrates.com.
Pound to naira exchange rate at the Investors and Exporters (I&E) window on July 21, 2023:
- Buying rate: 1,048.30 naira
- Selling rate: 1,048.60 naira
This means that you can buy 1 pound for 1,048.30 naira, and you can sell 1 pound for 1,048.60 naira.
The I&E window is the official exchange rate window in Nigeria. It is a platform where authorized dealers can trade foreign exchange. The exchange rate at the I&E window is determined by supply and demand.
Please note that the exchange rate can change at any time, so it is always best to check the latest rates before you make a transaction. You can do this by visiting the website of a reputable currency exchange bureau or by using a currency converter online.
Naira-Dollar Exchange Rate Hits Record High of N870/$1 on Black Market amid Increased Demand.
Bureau De Change (BDC) operators are reporting a surge in the exchange rate between the naira and dollar, with quotes as high as N870/$1 on the black market. The depreciation is being attributed to a significant rise in demand, leading to what some are calling a “demand onslaught” on the dollar.
Even the exchange rate for “inflow,” representing forex sold via bank transfers, is quoting higher than N870/$1. Additionally, on the peer-to-peer marketplace Binance, the naira-dollar exchange rate has risen to N850/$1.
Crypto traders using stable coins as a medium of exchange are also experiencing a decline, with some quotes reaching as high as N852/$1.
The market’s uncertainty is evident as BDC operators point out that the rates may be speculative, as supply is limited. Traders are finding it challenging to confirm whether trades are being executed at the quoted rates, leading to a state of confusion in the market.
Official naira to dollar rate today July 20 2023
Related:
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