Today’s Rates: Dollar to Naira (12th June 2023)

Stay Updated with Exchange Rates: Keep yourself informed about the latest fluctuations in the Dollar to Naira exchange rates. A comprehensive guide to Nigeria’s black market and official bank rates as of 12th June 2023

Today’s Exchange Rate: Dollar to Naira (12th June 2023)

Keeping track of the daily fluctuations in currency exchange rates can be a daunting task, especially with volatile markets. Here, we bring you the most recent data on the dollar to naira exchange rates as of 12th June 2023.

Spotlight on Nigeria’s Black Market

The black market in Nigeria is a vibrant, pulsating hub for currency trading. On this date, the USD to NGN exchange rate was as follows:

Buying Rate: ₦765
Selling Rate: ₦770

This information comes directly from reputable currency dealers in Abuja Zone 4 market, Lagos, Nigeria. It is worth noting that these rates represent the broader black market trends.

“The black market, also known as the parallel market, reflects the most immediate and realistic rates at which money can be exchanged. It is an invaluable resource for both buyers and sellers in Nigeria.”

A Snapshot of the Black Market Exchange Rates

Below is a table featuring the most popular currencies traded in Nigeria’s black market:

This data serves as a quick reference guide for Bureau De Change (BDC) operators and anyone interested in the foreign exchange market in Nigeria.

Official Exchange Rates for Today

The Central Bank of Nigeria (CBN) provides official exchange rates for various currencies. Here’s a look at what the official exchange rate was for the USD to NGN as of 12th June 2023:

Official Dollar to Naira Exchange Rate: Not Provided

Note: The official rate from CBN is typically more stable but may not always align with the real-time value reflected in the black market.

How Nigerian Banks Stood Today

The exchange rates offered by Nigerian banks can vary quite significantly. Here’s a look at the exchange rates provided by some of the top banks in Nigeria on this day:

GTBank Exchange Rates

First Bank Exchange Rates

Access Bank Exchange Rates

UBA Exchange Rates

Ecobank Exchange Rates

Stanbic Bank Exchange Rates

Understanding these exchange rates can help individuals and businesses make informed decisions about their foreign currency needs. Always remember, the more informed you are, the better decisions you can make. Stay tuned for more updates on the foreign exchange market in Nigeria.