BREAKING: Euro Drops To Its Lowest In 5 Years Against Dollars

Euro to Naira Black Market Rate Today 6th December 2021

The page primary focus is on Euro to Naira daily black market exchange rate today ((aboki dollar rate) which includes black market 1 Euro to NGN rate. The FX market is in a constant state of flux, rising or falling in response to economic and fiscal stimuli occurring anywhere on the planet earth.

Euro to Naira Black Market Rate Today

Date Currency Selling(NGN) Buying(NGN)
December 6, 2021 US DOLLAR 558 552
December 6, 2021 POUNDS STERLING 745 740
December 6, 2021 EURO 640 638

Meanwhile, GoldenNewsNg reported that  at the official market, Naira touched an intraday high of N404.00 and a low of N415.20 before closing at N413.38 per $1.

At the black market in Abuja and Lagos, dealers exchanged the naira at 558 per $1 on Thursday.

 

Note that Black market exchange rate is different from official market rate, the margin difference is usually large. As you go about transacting, let’s give you a few hints and fact about Euro.

Euro is a currency introduced to harmonise and perfect a Single European Market. It aim and objective is to facilitate free trade and economic activities in the Eurozone axis of participating countries.

Being a new currency, Euro has successfully outperformed most currency and climb to the 2nd position in the forex exchange market.

Euro comes in the following denomination: €500, €200, €100, €50, €20, €10, and €5.

With over €1.3 trillion in circulation, Euro is the most traded currency in the foreign exchange market after the USD. The main issuing body of Euro is the European Central Bank with headquarters in Frankfurt am Main, Germany.

About 19 European countries that are within eurozone makes use of the Euro as their official currency.

CLICK HERE FOR MORE

Leave a Reply