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Dollar To Naira Exchange Rate Today 14th October 2022 In Nigeria

Published

3 years ago

October 14, 2022

Black market Dollar to Naira exchange rate

Dollar to Naira exchange rate, both official and black market rates in Nigeria on 14th October 2022 can be accessed below.

Infoexpert24 reports that the exchange rate between the naira and the US dollar appreciated slightly at the black market on Friday, 14th October 2022, trading at an average of N731/$1 compared to N732/$1 recorded in the previous trading session according to information gathered by infoexpert24 from Aboki selling and buying dollars at Allen Ikeja, Lagos.

Similarly, the naira at the cryptocurrency peer-to-peer FX market appreciated by 0.28% to trade at a minimum of N737.6/$1 on Friday, against N739.7/$1 traded at the same time on Thursday, 13th October 2022.

On the other hand, the exchange rate between the naira and the US dollar at the I&E official window closed at N441.83/$1 on Thursday, 13th October 2022, representing a 0.26% depreciated compared to N440.6/$1 recorded on Wednesday.

Meanwhile, a total of $64.8 million in forex was traded on Thursday, a decrease of 32.1% compared to $95.39 million that was traded on Wednesday.

Nigeria’s external reserve stood at $37.95 billion as of 12th October 2022, representing a decline of 0.33% when compared to $38.07 billion recorded as of 7th October 2022. The nation’s foreign reserve has been on a downward trend due to the continuous intervention by the CBN in the official market to maintain the stability of the local currency.

Black market Dollar to Naira exchange rate today

Dollar to Naira black market exchange rate today is between ₦740 and ₦742 with an average of ₦740.67 on 14/10/2022 in Nigeria, according to 6 sell rates extracted from the comments coming from our users.

When we check the last 7 days, between 07/10/2022 and 13/10/2022, we see that Dollar to Naira black market rate had values between ₦200 and ₦740 with an average ₦728.02. When we compare last week’s numbers with today’s (14/10/2022) rate, the average of Dollar to Naira rate saw a 12.65 points increase from ₦728.02 to ₦740.67 which equals to a 1.74% rise.