Dollar to Naira Black Market Exchange Rate Today

Naira to dollar exchange rate has gain N3 at the black market on 25th September 2022.

The parallel market exchange rate between the naira and the US dollar was N712/$1 on Sunday morning, September 25, 2022, gained ₦3 when compared to the previous trading session. This according to the information obtained by Ejes Gist Newspaper from black market traders.

At the black market, exchange rate for Dollars to Naira closed at 715/$ yesterday.

Similarly, the official Investors and Exporters window remained stable, closing at N436.5/$1 on Saturday, September 24th 2022, the same as the previous session.

Meanwhile, a total of $101.74 million was traded at the window, a decrease of 24.06% from the previous session’s total of $133.97 million.

Dollar to Naira black market exchange rate at cryptocurrency .

The local currency, on the other hand, depreciated further to a new recoth high in the cryptocurrency peer-to-peer FX market, trading at a minimum of N720.9/$1 on Sunday morning, a decline of 0.31% from N718.69/$1 at the same time on Sunday.

Nigeria’s external reserve stood at $38.51 billion on September 21, 2022, a 0.07% decrease from the previous day’s figure of $38.54 billion. The country’s foreign reserves have been declining as a result of the CBN’s constant intervention in the official market to keep the local currency stable.

Trading at the NAFEX official window

On Saturday, September 24th, 2022, the official market exchange rate closed at N436.5/$1, the same as on Wednesday, September 21st, 2022.

On Saturday, September 24th, 2022, the opening indicative rate closed at N435.08/$1, compared to N434.75/$ in the previous session.

Furthermore, the highest intra-day rate recorded was N437/$1 before it settled at N436.5/$1, while it traded as low as N425/$1 during intra-day trading.

On Sunday, $101.74 million in FX value was traded in the Investors and Exporters window, which is 24.1% less than the $133.97 million traded on Wednesday.

On September 22, 2022, the black market exchange rate between the naira and the dollar is N712/$1.

The parallel market exchange rate between the naira and the US dollar was N712/$1 on Sunday morning, September 25th, 2022, compared to N712.5/$1 at the close of trade on Wednesday. according to information obtained from black market traders, this is the case.

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The local currency, on the other hand, depreciated further in the cryptocurrency peer-to-peer FX market, trading at a low of N718.6961 on Sunday morning, a 0.29% drop from N716.59/$1 at the same time on Wednesday.

In addition, the naira fell marginally against the US dollar on Wednesday, closing at N436.5/$1, down from N436.25/$1 the previous trading session. Meanwhile, a total of $133.97 million was traded at the window, a 5.33% decrease from the previous session’s total of $141.5 million.

Nigeria’s external reserve stood at $38.54 billion on September 20, 2022, a 0.1% decrease from the previous day’s figure of $38.57 billion. The country’s foreign reserves have been declining as a result of the CBN’s constant intervention in the official market to keep the local currency stable.

Trading at the NAFEX official window

The official market exchange rate closed at N436.5/$1 on Wednesday, September 21, 2022, up from N436.25/$1 the previous trading session.

The opening indicative rate closed at N434.75/$1 on Wednesday, September 21, 2022, compared to N435.07 in the previous session.

Furthermore, the highest intra-day rate recorded was N438/$1 before it settled at N436.5/$1, while it traded as low as N425/$1 during intra-day trading.

On Wednesday, $133.97 million in FX value was traded in the Investors and Exporters window, which is 5.33% less than the $141.51 million traded on Tuesday.

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Also on September 22, 2022, the black market exchange rate between the naira and the dollar falls to N713/$1.

On Wednesday, September 21st, 2022, the parallel market exchange rate between the naira and the US dollar fell to N712.5/$1, representing a 1.1% depreciation from the close of trade on Tuesday. This is according to black market traders’ information.

Similarly, the local currency fell in the cryptocurrency peer-to-peer FX market, trading at a low of N716.59/$1 on Wednesday morning, a 0.3% drop from the previous day’s low of N714.4/$1.

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