See the black market Dollar to Naira exchange rate for 13th February, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1525 and sell at N1532 on Tuesday 13th February 2024, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1525 |
| Selling Rate | N1532 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 1533 |
| Selling Rate | 1534 |
The Nigerian currency, the Naira, plummeted to an unprecedented low against the US dollar, reaching N1,534/$ in the official Nigerian Autonomous Foreign Exchange Market on Monday, marking a significant decline in its value.
This recent depreciation represents a 3.93 percent or N58 drop from the N1,476.13/$ rate at which it closed the previous week, according to data from FMDQ Exchange, the official platform for foreign exchange trading in Nigeria.
This latest drop in the Naira’s value marks the lowest official exchange rate since the Central Bank of Nigeria (CBN) decided to float the national currency in June 2023, a move that has since led to volatile fluctuations in its value against the dollar.
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