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Black market Naira to dollar, Pound and Euro exchange rate today, July 20, 2023

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Dollar to naira today black market exchange rates
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What is the US Dollar to Naira Exchange rate at the black market today July 20, 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):

 

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On Wednesday, July 19, 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 N855.

 

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.

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The dollar to naira black market exchange rate today Thursday, July 20, 2023 is as follows:

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N855
Selling Rate N860

 

Official Naira to Dollar exchange rate today July 20 2023

 

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This means that you can buy 1 dollar  for 855 naira, and you can sell 1 dollar for 860 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 782.81 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.

 

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1000 Naira to dollar conversion rate will give you N860,000.

How much is $100 in black market today?.

Now, How much is $100 US in Nigeria?

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  • $100 USD in black market today will give you ₦86,000.

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 20, 2023, is as follows:

  • Buying rate: N782.81/$
  • Selling rate: N783.81/$

This means that you can buy 1 US dollar for N782.81, and you can sell 1 US dollar for N783.81.

 

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Euro To Naira Black market exchange rate ngnrates.com

The euro to naira exchange rate on July 20, 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 20, 2023:

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  • 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.

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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 N860/$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 N860/$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 N860/$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:

Naira to Dollar black market exchange rate today, July 3, 2023

Dollars To Nairas Black Market Exchange Rate Today April 19, 2023

 

Naira to Dollar black market exchange rate

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Disclaimer: The opinions expressed in this article are solely those of the author and do not reflect the views of Ejes Gist Media Limited. For any rights infringements or takedown requests, please contact us at [email protected].
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