Today’s Black Market Exchange Rates: Dollar to Naira – 15th July 2023

Aboki Exchange: Black Market Dollar to Naira Rates Today, 15th July 2023

Key Points:

• Exchange rates between the US Dollar (USD) and Nigerian Naira (NGN) in the black market fluctuate and are updated daily.
• The exchange rates for other major currencies, such as the British Pound (GBP) and the Euro (EUR), are also crucial.
• The Central Bank of Nigeria (CBN) sets the official exchange rate, which may vary from the black market rate.

This article aims to provide a comprehensive, up-to-date guide to the current exchange rates between the US Dollar and Nigerian Naira on the black market today, 15th July 2023.

We’ll also highlight rates for other major currencies and the official rates set by the Central Bank of Nigeria (CBN).

Black Market Exchange Rate Today

As of Saturday, 15th July 2023, the black market, also referred to as the parallel market, in Lagos, Nigeria, lists the Nigerian Naira as trading at N810 per US Dollar.

In simpler terms, for every dollar you exchange on the black market, you’ll receive N810.

Black Market Dollar to Naira Exchange Rate Table – 15th July 2023

For a clear and easy understanding, here is a table showcasing the buying and selling rates for the US Dollar to Nigerian Naira exchange in the black market today:

Exchange Rate Trend Analysis

Looking back at the previous day’s performance, black market traders bought the US Dollar at N786 and sold it at N790 on Friday, 14th July 2023.

This historical data can help you understand recent price movements and evaluate the market situation.

Current Dollar to Naira CBN Exchange Rate

Aside from the black market, the Central Bank of Nigeria (CBN) also sets an official exchange rate. As of 15th July 2023, the CBN’s buying and selling rate for the Dollar to Naira is N777.6307. ‘These rates are typically different from the rates observed in the black market.

Note: The exchange rates mentioned in this article are intended to provide accurate and timely information to our readers. VoiceofNigeria does not have the authority to set or determine forex rates.

Exchange Rates for Other Currencies

Staying informed about exchange rates for other major currencies is also crucial. ‘The exchange rates for the British Pound (GBP) and the Euro (EUR) against the Nigerian Naira (NGN) as of 15th July 2023 are as follows:

FAQs (Frequently Asked Questions)

Q1: What is the current black market exchange rate for the Dollar to Naira on 15th July 2023?
A: The buying rate is N805, and the selling rate is N810.

Q2: What is the official exchange rate set by the CBN for Dollar to Naira on 15th July 2023?
A: The CBN’s buying rate and selling rate for the Dollar to Naira remain at N777.6307.

Q3: Where can I find the official NAFEX rates?
A: You can obtain the official NAFEX rates from the FMDQOTC website, the authoritative source for such rates.

Q4: What are the exchange rates for other currencies like the British Pound and Euro against the Naira on 15th July 2023?
A: The selling rate for the Pound Sterling is N1030, with a buying rate of N1010. The Euro has a selling rate of N850 and a buying rate of N840.

Stay updated with VoiceofNigeria for the latest currency exchange rates in Nigeria. Please note that exchange rates are subject to fluctuations throughout the day. Always verify the rates before making any currency exchange transactions