Dollar to Naira Bank rate today November 2, 2023: Dollar to Naira CBN rate


Dollar to Naira exchange rate today : Dollar to Naira CBN rate and Dollar to Naira Bank rate today for November 2, 2023. 

  • I & E window rate today

The Nigerian naira has faced substantial difficulties primarily because of two major factors: the erratic shifts in oil prices and a deficiency in reserves. These elements have led to a significant depreciation of the naira compared to the , resulting in a noticeable gap between the official and unofficial exchange rates.

Current Dollar to Naira today According to CBN.

The (CBN) is responsible for regulating the official exchange rate, which is used in foreign currency transactions involving authorized entities like banks and bureau de change (BDCs). The CBN utilizes various policies and interventions to ensure equilibrium in the supply and demand for foreign exchange within Nigeria.


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100 CBN rate:

As of November 2, 2023, the CBN  today stands at:

  • Buying: ₦905.75  for $1
  • Selling: ₦906.75 for $1

This signifies that the CBN sells one US dollar for ₦906.75 and purchases one US dollar for ₦905.75 from authorized dealers.


is about 9,5000


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FMDQ Exchange Rate Today

According to the FMDQ Securities Exchange Limited,  the Investment and Export Window ( I&E) today is as follows:

  • Buying: ₦905.75 for $1
  • Selling: ₦906.75 for $1


This signifies that banks sell one US dollar for 906.75 naira and buy one US dollar for 905.75 naira from their customers.

Dollar to Naira Bank rate today

The exchange rate for the dollar to naira varies from bank to bank, but it is generally between 995.83 and 906.75 naira per dollar. Some banks may offer a slightly higher or lower rate, depending on the market conditions.

The dollar to naira bank rate today, Wednesday, November 2, 2023, varies depending on the bank. Here are the rates for some of the major banks in Nigeria:


Access Bank dollar rate

Access Bank: ₦993.83/ – Buying, ₦905.75/USD – Selling.


Zenith Bank dollar rate

Zenith Bank: ₦993.83/USD – Buying, ₦997.83/USD – Selling


Gtbank dollar to naira exchange rate.

Guaranty Trust Bank: ₦995.83/USD – Buying, ₦906.75/USD – Selling.

First bank dollar rate today in Nigeria

First Bank of Nigeria: ₦980.83/USD – Buying, ₦905.75/USD – Selling



United Bank for Africa: ₦991.83/USD – Buying, ₦996.83/USD – Selling.

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GTBank Dollar to Naira exchange rate is as same as the FMDQ Exchange Rate.


It’s crucial to acknowledge that bank exchange rates may exhibit variances among different banks due to factors such as the availability of foreign exchange, demand, and profit margins. However, banks must adhere to the CBN’s guidelines and regulations governing forex transactions.

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Factors Influencing the .

Numerous internal and external factors play pivotal roles in driving fluctuations in the Dollar to Naira exchange rate. Some of these influential factors encompass:

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  1. Oil Prices: Nigeria’s economy heavily hinges on revenue generated from oil exports. Consequently, alterations in global oil prices wield significant influence on Nigeria’s foreign exchange earnings.
  2. Forex Demand: Nigeria consistently contends with substantial demand for foreign exchange to facilitate imports, service debts, repatriate profits, and meet other financial obligations. This persistent high demand frequently surpasses the available supply, exerting pressure on the naira’s value.
daily dollar to naira exchange rate today 
Graphic of Dollars and Nairas

In an ever-evolving currency market, it is wise staying well-informed about the daily Dollar to Naira exchange rate today. Always visit

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