What is the current exchange rate between naira and dollar in the black market?

3 answers

• Dec 26, 2021 · 3 years ago
  The current exchange rate between the Nigerian naira and the United States dollar in the black market is approximately 1 USD = 500 NGN. However, please note that the black market exchange rates are unofficial and can vary depending on various factors such as supply and demand, economic conditions, and government policies. It's always recommended to check with authorized financial institutions for the most accurate and reliable exchange rates.
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• Dec 26, 2021 · 3 years ago
  Hey there! So, the black market exchange rate between the Nigerian naira and the United States dollar is around 1 USD = 500 NGN. Keep in mind that this rate is not official and can fluctuate quite a bit. Factors like economic conditions, political stability, and demand for foreign currency can influence the black market rates. If you're planning to exchange currency, it's a good idea to compare rates from different sources and consider the risks involved in black market transactions.
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• Dec 26, 2021 · 3 years ago
  As an expert in the field, I can tell you that the current exchange rate between the Nigerian naira and the United States dollar in the black market is approximately 1 USD = 500 NGN. However, it's important to note that black market rates are not regulated and can be subject to volatility. Factors such as economic conditions, political stability, and demand for foreign currency can impact the exchange rate. If you're looking to exchange currency, it's advisable to consult with authorized financial institutions for the most accurate rates and ensure compliance with local regulations.
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