Black market dollar to naira exchange rate today 18th November 2021 can be accessed below.
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands.
November 18 dollar to naira official market exchange rate: $1 dollar to naira =₦413.19
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦413.19 per dollar on Thursday, 18 November 2021, after it closed at ₦415.10 per $1 on Wednesday, 17 November 2021. This represents a change of -0.13%.
How much is the exchange rate of the Dollar to Naira in the Black Market today?
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES November 18, 2021 (BLACK MARKET): dollar to naira exchange rate today black market
November 18 dollar to naira black market exchange rate: $1 dollar to naira = ₦545
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N545.00 per $1 at the parallel market
Even though the dollar to naira opened in the parallel market at ₦545 per $1 today, Glamtush reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
Glamtush reports that in the black market, the players buy a dollar for N540 and sell for N545 on Thursday morning, November 18, 2021 after they bought N540 and sell for N545on Wednesday morning, November 17.
Meanwhile, Glamtushreports that the USD started this week at ₦541 in Parallel Market also known as Black Market on Monday, November 15, 2021, in Lagos Nigeria, after it opened at ₦565 last week Monday, November 8, 2021.
Disclaimer: GLAMTUSHdoes not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black 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.