Current Dollar to Naira Exchange Rate In Nigeria today 4th August 2021(Black Market, BDC and CBN Rates)

Interested in knowing the current Dollar to Naira Exchange Rate In Nigeria today ?  GoldenNewsNg has compiled the current Dollar to Naira exchange rate in Nigeria including the Black Market rates, Bureau De Change (BDC) rate and CBN rates

How Much Is Dollar To Naira Exchange Rate Today?

The exchange rate between the Naira and the US dollar closed at N411.50/$1 at the official Investors and Exporters window.

Exchange Rate of Dollar To Naira in Black Market Today?

The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows:

Naira appreciated at the parallel market to  N508/$1, having traded at N512/$1 the previous day. This represents a N4 gain when compared to the previous day’s rate.

Note that parallel market is popularly known as black market.

Trading at the official I&E window

Naira remained stable against the US dollar at the Investors and Exporters window on Tuesday to close at N411.50/$1, this was the same rate when compared to N411.50/$1 recorded on Monday.

The opening indicative rate also remained stable to close at N411.50/$1 on Tuesday, 3rd August 2021, this was the same rate that it closed at on Monday, 2nd August 2021.

An exchange rate of N412.70 to a dollar was the highest rate recorded during intra-day trading before it settled at N411.50/$1, while it sold for as low as N400/$1 during intra-day trading.

Meanwhile, forex turnover at the Investors and Exporters (I&E) window dropped by 19.6% on Tuesday, 3rd August 2021.

According to reports,  forex turnover declined from $143.20 million recorded on Monday, 2nd August 2021 to $115.17 million on Tuesday, August 3, 2021.