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What is the current exchange rate for black market naira to dollar?

avatarThế Vinh LươngDec 27, 2021 · 3 years ago3 answers

Can you tell me the current exchange rate for black market naira to dollar? I'm interested in knowing the current conversion rate between the Nigerian naira and the US dollar on the black market. I've heard that the black market exchange rate can differ significantly from the official rate, so I want to stay updated on the latest rates. Could you provide me with the most recent exchange rate for naira to dollar on the black market?

What is the current exchange rate for black market naira to dollar?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure! The current exchange rate for black market naira to dollar is around 1 USD = 500 NGN. However, please note that the black market rates can fluctuate frequently, so it's always a good idea to check for the latest rates before making any transactions. Keep in mind that engaging in black market currency exchange is illegal in some countries, so make sure to comply with the local regulations.
  • avatarDec 27, 2021 · 3 years ago
    The black market exchange rate for naira to dollar is quite volatile. As of today, it's approximately 1 USD = 480 NGN. However, please be aware that these rates can change rapidly due to various factors such as economic conditions, political instability, and demand for foreign currency. It's advisable to consult with a reputable currency exchange service or financial institution for the most accurate and up-to-date rates.
  • avatarDec 27, 2021 · 3 years ago
    I'm not affiliated with BYDFi, but according to their website, the current exchange rate for black market naira to dollar is 1 USD = 490 NGN. Please note that this rate is subject to change and may vary depending on the market conditions. It's always a good idea to compare rates from multiple sources before making any currency exchange transactions to ensure you get the best deal.