Dollar To Naira Exchange Rate Today 31 October 2021 (Black Market Rate)
Dollar to Naira exchange rate today 31 October 2021, black market rate can be accessed below.
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦569 and the price can change (high or low ) within hours.
GoldenNewsNg has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
October 31 dollar to naira official exchange rate: $1 dollar to naira =₦
The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦… per dollar on Saturday, 30th October 2021, after it closed at ₦415.10 per $1 on Saturday, 30 October 2021. This represents a change of 0.00%.
How much is exchange rate of Dollar to Naira in Black Market today?
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES October 30, 2021 (BLACK MARKET): dollar to naira exchange rate today black market
Dollar To Naira Exchange Rate Today 31st October 2021 (Black Market Rate) October 31st dollar to naira black market exchange rate: $1 dollar to naira = ₦569
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N569.00 per $1 at the parallel market otherwise known as the black market, today, in Lagos Nigeria after it closed N565.00 per $1 on Saturday, 30th October 2021.
Note: dollar to naira exchange rate has stabilized at N565-575 per $1 since Monday, October 11. This is coming after CBN vs Aboki FX clash over the dollar to naira black market exchange rate.
Even though the dollar to naira opened in the parallel market at ₦569 per $1 today, GoldenNewsNg reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
GoldenNewsNg reports that the black market, the players buy a dollar for N564 and sell for N569 on Saturday morning, October 30, 2021 after they bought N560 and sold N565 on Friday, 29 October 2021.