Exchange Rate Naira to Dollar Today
Black Market Exchange Rate Today – Dollar to Naira
Black market exchange rate today, dollar to naira has been released.
In the black-market exchange rate today acquired by ENigeria Newspaper, the dollar continues to outshine the naira majestically.
Even though the naira appreciated against the US dollar at the investors and exporters (I&E) window by 0.11% to close at N461/$1 on Monday, 13th February 2023 from N461.5/$1 recorded last week Friday, the naira appreciation is yet to be evident in the black market exchange rate confirmed by ENigeria Newspaper.
Nigeria’s external reserves stood at $36.82 billion as of Thursday, 9th February 2023, slightly lower than the previous day, representing the fifth consecutive day of decline.
Meanwhile in an enquiry from operators, Black market exchange rate today sits at an average trading cost of N756/$1 which is same as the rate recorded on Monday, February 13, 2023.
The exchange rate at the cryptocurrency P2P exchange depreciated for the seventh consecutive day on Tuesday, 14th February 2023, trading at a minimum of N752.25/$1. This represents a 0.37% depreciation from N749.48/$1 recorded on Monday.
Nigeria’s external reserves stood at $36.82 billion as of Thursday, 9th February 2023, slightly lower than the previous day, representing the fifth consecutive day of decline.
Trading at the official NAFEX window
On Monday, February 13, 2023, the official market’s closing exchange rate was N461/$1, up 0.11% from the N461.5/$1 reported on February 10th.
The opening indicative rate closed at N461.35/$1 on Monday, 13th February 2023.
Furthermore, an exchange rate of N462/$1 was the highest rate recorded during intra-day trading before it settled at N461/1, while it traded for as low as N446/$1 during intra-day trading.
A sum of $208.91 million in FX value was transacted at the I&E window on Monday, which is 251.7% higher than the $59.40 million that exchanged hands in the previous session.
Naira depreciates at the black market to N756/$1 on 13th February 2023
On Monday, February 13, 2023, the black market exchange rate between the naira and the US dollar dropped from the N755/$1 recorded over the weekend to an average of N756/$1.
According to black market FX traders who spoke with ENigeria Newspaper on Tuesday afternoon, this is the case.
