Newsonspot blog presents here the news about Dollar to Naira rate at the official and black market exchange rate Today October 14, 2021.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Thursday October 14, for $1 dollar to naira = ₦413.50/$1.
According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦413.50/$1 on Thursday October 14, after it closed at N415.10 per $1 on Wednesday, 13 October 2021.
How much is exchange rate of Dollar to Naira in Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Thursday, October 14, opened N572.00 to a $1.
Trading At The Official NAFEX Window
The exchange rate between the naira and the US dollar on 13th October 2021 closed at N415.10/$1 as against how it opened on Wednesday, October 13 at N413.74/$1, showing a change at 0.19.
Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Disclaimer: Newsonspot.com.ng does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel 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.