Black Market Dollar to Naira Exchange Rate Today 17th February 2023 can be accessed below.
The black market dollar to naira exchange rate is currently at N755/$1 as of the time of filling this report.
The exchange rate between the naira and the US dollar remained stable on Friday 17th February 2023 at the black market, trading at an average of N755/$1, the same rate as recorded previous trading session.
This report is according to information gathered from black market FX operators. Specifically, the traders noted that they buy FX from customers at an average of N745/$1 and sell for N755/$1. However, they also added that in some cases the rate could vary depending on the form of transaction, cash or transfer. that is to say, you are likely to get a higher rate if you have physical cash to exchange.
Trading at the official NAFEX window
The exchange rate at the official market closed at N461.5/$1 on Thursday, 16th February 2023, a 0.04% appreciation from N461.67/$1 recorded on Tuesday, 14th February 2023.
- The opening indicative rate closed at N461.25/$1 on Wednesday, 15th February 2023.
- Furthermore, an exchange rate of N462.02/$1 was the highest rate recorded during intra-day trading before it settled at N461.5/1, while it traded for as low as N446/$1 during intra-day trading.
- A sum of $89.54 million in FX value was transacted at the I&E window on Wednesday which is 30.05% higher than the $68.85 million that exchanged hands in the previous session.
