This is the news about Dollar to Naira rate at the official and black market exchange rate Today October 18, 2021.
Newsonspot blog update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates is below.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Monday October 18, for $1 dollar to naira = ₦414.46/$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 ₦414.46 /$1 on Monday October 18, after it closed at ₦415.07 per $1 on Friday, 15 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, Monday, October 18, opened N570.00 to a $1, according to sources at Bureau De Change (BDC).
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.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦414.46/$1 on 18th October 2021 as against how it closed at ₦415.07/$1 on Friday October 16th 2021, showing a further drop at 0.15.
Naija News reports that Forex turn over for Friday 15 October increased to 377.28 million as against N141.94 million on Thursday, 14th October 2021.
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.