smartbusinessinfohubHere is Naira to Dollar in black market today as Nigerian naira currency weakened to an all-time low against the dollar as the central bank came under pressure from a reduction in foreign exchange inflows due to a fall in oil production.
The naira weakened 0.27% to 786.60 to the greenback on the spot market as of 12:52pm local time in Lagos, the lowest the currency has ever traded, according to Bloomberg data.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today for Naira to Dollar = ₦802.60/$1.
Naira fell to an all-time low of N802.60/$1 in the official window for investors and exporters, down 0.29% from N794.75/$1 recorded in the previous business trading session.
The total value of Fx currency traded in the official market was 63.05 million dollars, which was 36.8% less than 99.68 million dollars in the previous session.
Naira to Dollar in Black Market Today
How much is a Naira to Dollar today in the black market?
In the parallel market, where the currency is freely traded, the naira weakened to 802.60 from 800.00
The exchange rate of the peer-to-peer FX cryptocurrency market was also down 0.22% on Wednesday morning.
The rate between Naira to Dollar fall to N806.54/$1 compared to N804.99/$1 trading at the same time the previous day.
Trading on the official NAFEX window
The official exchange rate in the market closed on Tuesday, at N796/1, compared to N794.75/$1 recorded in the previous trading session.
Naira to Dollar currency stumbled further against the dollar in the parallel market as demand increased.
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Similarly, the naira weakened further against the U.S. dollar at the official market as foreign exchange supply plummeted significantly.
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