Ready to know the Dollar to Naira exchange rate for today, June 21, 2023?
Our team at Voice of Nigeria has gotten the official dollar to Naira exchange rate in Nigeria for today. This includes the rate from the Bureau De Change (BDC) and the rates from the Central Bank of Nigeria (CBN).
So, what’s the official exchange rate for Dollar to Naira today?
Stay tuned as we reveal it!
Today’s USD to NGN Exchange Rate in the Black Market
Want to know how much your dollar is worth in Naira in the black market today, June 21, 2023?
Let’s talk about it. The black market is also called the Aboki FX market.
Wondering how much a dollar is in Naira today in the black market? Here is what you need to know:
In Lagos, people in the black market were buying a dollar for N750 and selling it for N759 yesterday, June 20, 2023. This info comes from people who know a lot about changing money, the Bureau De Change (BDC).
But be careful, the Central Bank of Nigeria (CBN) doesn’t agree with this black market. They tell people who want to change money to go to their own banks.
Keep this in mind when you change your money!
Black Market Exchange Rates: USD to NGN Today
Today, the exchange rate in the black market, or the Lagos Parallel Market, is as follows:
|USD to NGN Rate||Black Market (June 20, 2023)|
It’s really important to remember that these rates come from the Bureau De Change (BDC), and they might be different from the official rates from the Central Bank of Nigeria (CBN). The CBN doesn’t support the black market and advises people to go to their banks for exchanging foreign money.
Dollar to Naira Rates Today 20 June 2023
Looking for how much Naira you can get for a dollar? Let’s make it simple with numbers from FMDQ Security Exchange, the official place for trading money, on June 20, 2023.
Here’s the info in a simple table:
|Time||Rate (Naira per $1)|
|Start of Day||₦701.75|
|End of Day||₦756.61|
So, on Tuesday, June 20, 2023, the Naira started the day being worth ₦701.75 for every dollar. By the end of the day, the value changed to ₦756.61 for every dollar.
Knowing About Exchange Rates Can Help You
Learning about exchange rates can be beneficial for individuals and companies who require foreign currency. It’s crucial to stay informed in order to make wise choices.
Differentiating between official and black market rates is a significant aspect of this. Continuously checking for updates on Nigeria’s foreign exchange market is recommended.
Since the market can experience significant fluctuations, seeking guidance from reliable financial advisors or institutions before making decisions regarding foreign currency exchange is a wise approach.
This article intends to provide useful information about the current USD to NGN exchange rate, assisting you in comprehending the present situation.