CBN Official Dollar To Naira Exchange Rate Today 22 August 2023 can be accessed below.
GoldenNewsNg has provided an update on the Official Dollar to Naira exchange rate today, which also includes exchange rates of Pounds to Naira, Euro to Naira, and more popular currencies used by Nigerians
Today’s Official Dollar to Naira Rate
As of August 22, 2023, the Central Bank of Nigeria (CBN) has provided the official Dollar to Naira buying and selling rates:
Dollar to naira exchange rate today CBN Rates: The exchange rate for a dollar to naira at the official window is N761.79 as of Tuesday, 22nd August 2023, according to the data published by cbn.
Central Bank of Nigeria Rates for most used foreign currency in Nigeria
| Currency | Unit | Naira Equivalent |
|———————-|—————–|—–
| US Dollar (USD) | DOLLAR | 761.79 |
| Pound Sterling (GBP) | POUND | 969.83 |
| Euro (EUR) | EURO | 829.06 |
| Swiss Franc (CHF) | SWISS FRANC | 864.39 |
| Japanese Yen (JPY) | JAPANESE YEN | 5.21 |
| West African CFA Franc | CFA FRANC | 1.23 |
| West African Unit of Account | WAUA | 989.61 |
| Chinese Yuan (CNY) | CHINESE YUAN | 104.55 |
| Saudi Riyal (SAR) | SAUDI RIYAL | 203.04 |
| South African Rand (ZAR) | SOUTH AFRICAN RAND | 40.06 |
Black Market vs. CBN Rate
The black market rate for dollars is usually higher than the CBN rate. The CBN exchange rate is the official rate for buying or selling dollars for Naira on the CBN website. Conversely, the dollar-to-naira bank rate, used for foreign online purchases with a Naira MasterCard or Debit card from a Nigerian bank, is generally lower than the black market rates.
Currency Exchange Rate
The exchange rate of the US Dollar to the Nigerian Naira also affects other currencies, influencing the cost of importing goods and services into Nigeria
BLACK MARKET DOLLAR TO NAIRA EXCHANGE RATE TODAY 22 AUGUST 2023
Dollar to naira exchange rate today black market (Aboki dollar rate): The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N850 and sell at N860 on Tuesday, 22nd August 2023, according to sources at Bureau De Change (BDC).
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
