US Dollar to Naira exchange rate for Monday 20th December 2021, the black market rate can be accessed below.
Infoexpert24 has obtained the official dollar-to-naira exchange rate in Nigeria today, and the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Monday, December 20th, for $1 dollar to naira = ₦/$1.
According to FMDQ Security Exchange where forex is officially traded, the official exchange rate between the naira and the US dollar opened at ₦/$1 on Monday, December 20, 2021, after it closed at ₦415.07 to a $1 on Friday, December 18th, 2021.
How much is the exchange rate of the Dollar to Naira in the Black Market today?
The exchange rate for a dollar to naira at Lagos and Abuja Parallel Market (Black Market) for today, Monday, December 20th sells at N570/1$, and buy at ₦565 according to enquiring made by Infoexpert24 from the Bureau De Change (BDC) this morning.
Though, the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
The exchange rate between the naira and the US dollar opened at ₦413.83/$1 on Friday, December 18, 2021, and closed at ₦415.07/$1 on the same day. Showing a change of -0.07. According to data from FMDQ.
IMPORTANT NOTE: 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 ₦565 to ₦575 and the price can change (high or low ) within hours.