Business & Economy
Black Market Dollar To Naira Exchange Rate Today 17th November 2021
Black market dollar to naira exchange rate today 17th November 2021 can be accessed below.
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦545 and the price can change (high or low) within hours.
Eko Hot Blog has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
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How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦413.74 per dollar on Wednesday, 17 November 2021, after it closed at ₦415.10 per $1 on Tuesday, 16 November 2021. This represents a change of -0.20%.
How much is exchange rate of Dollar to Naira in Black Market today?
November 17 dollar to naira black market exchange rate: $1 dollar to naira = ₦545
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N545.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 17 November 2021, in Lagos Nigeria after it closed N540.00 per $1 on Tuesday, 16 November 2021.
Even though the dollar to naira opened in the parallel market at ₦545 per $1 today, Eko Hot Blog reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
Eko Hot Blog reports that the black market, the players buy a dollar for N540 and sell for N545 on Wednesday morning, November 17, 2021 after they bought N537 and sell for N540 on Tuesday, 16 November 2021.
Meanwhile, Eko Hot Blog reports that the USD started this week at ₦541 in Parallel Market also known as Black Market on Monday, November 15, 2021 in Lagos Nigeria, after it opened at ₦565 last week Monday, November 8, 2021.
Disclaimer: Eko Hot Blog does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.
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