What is the US Dollar to Naira Exchange rate at the black market today July 18, 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):
According to sources at Bureau De Change (BDC), on Monday, July 17, 2023, the exchange rate for a dollar to the Nigerian naira in the Lagos Parallel Market, also known as the Black Market, stood at buying rate of N782 and selling rate of N785. After initially rising to N787/$, the dollar to naira exchange rate at the Investors and Exporters (I&E) window closed at N746/$.
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 Tuesday, July 18, 2023 is as follows:
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N786 |
| Selling Rate | N790 |
Official Naira to Dollar exchange rate today July 18 2023
This means that you can buy 1 dollar for 786 naira, and you can sell 1 dollar for 790 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 775.73 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 N790,000.
How much is $100 in black market today?.
Now, How much is $100 US in Nigeria?
- $100 USD in black market today will give you ₦79,000.
How Much is 1 dollar to naira official exchange rate today.
The dollar to naira exchange rate at the Investors and Exporters (I&E) window on July 18, 2023, is as follows:
- Buying rate: N775.73/$
- Selling rate: N776.73/$
This means that you can buy 1 US dollar for N775.73, and you can sell 1 US dollar for N776.73.
Euro To Naira Black market exchange rate ngnrates.com
The euro to naira exchange rate on July 18, 2023, is as follows:
- Buying rate: N860.72/€
- Selling rate: 862.72/€
This means that you can buy 1 euro for 860.72 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 18, 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 Hits Record Low at N803/$1 as Exchange Rate Plummets
The exchange rate between the dollar and the naira reached a historic low of N803/$1 at the investor and exporter window on Friday, July 15, 2023. This marks the lowest point the exchange rate has ever fallen to since Nigeria adopted the managed float exchange rate system, and it is also the first time the rate has closed above N800/$1.
The closing rate of N803/$1 represents a significant 7.3% decline from the beginning of the week when it closed at N744/$1. The initial indication of a challenge arose when the exchange rate closed at N776/$1.
Data from the FMDQ, where the exchange rate trades unofficially, reveals a depreciation of 7.72% from the previous closing rate of N746.28 on Thursday, July 13, 2023.
Forex turnover at the investor and exporter window plummeted to just $46.9 million, reflecting a substantial 46.33% decline compared to the previous day. This also marks the lowest point in forex turnover since May 2nd, 2023.
Remarkably, the market experienced a record intra-day high of N829/$1, surpassing even the parallel market rate. However, the intra-day low stood at N689/$1.
Furthermore, this intra-day high is also the lowest level witnessed since the launch of the revised investor and exporter window.
Official naira to dollar rate today July 18 2023
Related:
- Dollar To Nairas Black Market Exchange Rate Today May 1, 2023
- Naira to dollar falls to record low at official market
- Dollars to Naira black market exchange rate today May 30, 2023 | Aboki Exchange rate
- 5 points you need to know as CBN floats Naira at I&E window in five years
- BREAKING: FG Stops Cash Withdrawals From Public Accounts
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