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Daily Parallel Market Exchange Rate Hits ₦465/$1

Enudi Golden by Enudi Golden
January 11, 2024
in Featured, Headline, World News
Reading Time: 3 mins read
Exchange Rate
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The Market Exchange Rate between the naira and the US dollar for today (Friday, October 2nd 2020), stands at ₦465/US$1 in the parallel market.

GoldenNewsNg  reports that the rate had also closed at ₦465/US$1 on Thursday, October 1st 2020.

Naira: ₦465
Dollar: $1
Date: October 2nd, 2020

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The Exchange Rate between the naira and the British pound sterling stands at ₦585/₤1 on Friday, 2nd October 2020, same as recorded on Thursday, October 1st 2020.

Naira: ₦585
Pounds Sterling: ₤1
Date: October 2nd, 2020

The Exchange Rate between the naira and the European euro stands at ₦540/€1 on Friday, 2nd October 2020. The rate had closed at ₦535/€1 on Thursday, October 1st 2020.

Naira: ₦540
Euro: €1
Date: October 2nd, 2020
Activity: US Dollar stands at ₦465/US$1 in the parallel market

Date Currency Buy(AM) Sell(AM) Buy(PM) Sell(PM) Volatility
10/2/2020 Dollar 460 465
10/2/2020 Pounds 575 585
10/2/2020 Euro 530 540
10/1/2020 Dollar 460 465 460 465 Low
10/1/2020 Pounds 575 585 575 585 Low
10/1/2020 Euro 530 540 530 540 Low
9/30/2020 Dollar 460 465 460 465 Low
9/30/2020 Pounds 570 580 570 580 Low
9/30/2020 Euro 530 535 530 535 Low
9/29/2020 Dollar 460 465 460 465 Low

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Data is collated from various black market dealers on the mainland and island parts of Lagos State where forex is sold. The price quoted daily on this page represents the average price obtained by our Research Team. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. This is a daily tracker and updated close of business. See table below for parallel market exchange rate dating to 2020.

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