What is the current exchange rate between Naira and Pounds in the black market?
Md IrfanDec 27, 2021 · 3 years ago3 answers
I would like to know the current exchange rate between the Nigerian Naira (NGN) and the British Pound (GBP) in the black market. Can anyone provide me with the latest rates and any factors that may be influencing the exchange rate?
3 answers
- Dec 27, 2021 · 3 years agoThe current exchange rate between the Nigerian Naira (NGN) and the British Pound (GBP) in the black market is approximately 1 NGN = 0.0019 GBP. However, please note that exchange rates in the black market can be highly volatile and may vary depending on various factors such as supply and demand, economic conditions, and government policies. It is advisable to check with local currency exchange dealers or online platforms for the most up-to-date rates.
- Dec 27, 2021 · 3 years agoAs of today, the exchange rate between the Nigerian Naira (NGN) and the British Pound (GBP) in the black market is around 1 NGN = 0.0019 GBP. However, please keep in mind that black market exchange rates can fluctuate significantly and may not always reflect the official exchange rates. Factors such as political instability, economic conditions, and currency speculation can influence the black market rates. It is recommended to consult with local currency exchange experts or financial institutions for the most accurate and reliable exchange rate information.
- Dec 27, 2021 · 3 years agoThe current exchange rate between the Nigerian Naira (NGN) and the British Pound (GBP) in the black market is subject to market fluctuations and can vary from day to day. It is important to note that engaging in black market currency exchange is illegal and carries significant risks. It is always advisable to use official channels and licensed financial institutions for currency exchange transactions. For reliable and up-to-date exchange rate information, you can visit reputable financial websites or consult with authorized currency exchange providers.
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