How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Monday, August 29th, 2022, for 1 dollar to naira = ₦429.07/$1.
According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦429.07/$1 on Monday 29th August and closed at ₦430.33 to $1.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 685 |
| Selling Rate | 700 |
Truetells Nigeria reports that the US dollar to naira exchange rate changes hourly. The exchange rate fluctuates depending on the volume of dollars available and the demand for it. This means the exchange rate you buy and sell the dollar could be different hours later (high or low).
Bureau De Change operators have cited a lack of FX and a surge in demand for the recent uncontrolled uptrend recorded in the market. In the same vein, some bank users who have FX in their domiciliary account told Nairametrics that they have not been able to withdraw their funds from the bank due to tightened liquidity.
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