Dollar to Naira Exchange Rate Today: Everything You Need to Know
Intrigued by the Dollar to Naira Exchange Rate Today?
If you are interested in the current dollar to naira exchange rate, whether for international travel or online transactions, it is crucial to stay informed about the currency rates and fluctuations.
Understanding the Exchange Rate for Dollar to Naira
Discover everything you need to know about the USD to NGN exchange rate, including both the black market rate and the CBN rate. Whether you choose to convert your dollars to naira at the official rate or prefer the parallel market, we provide you with the latest information.
Exploring the Dollar to Naira Today Exchange Rates
The Nigerian naira has seen a steady depreciation in recent years compared to major currencies, with the dollar to naira exchange rate constantly fluctuating. Despite market fluctuations, the exchange rate for today remains relatively low.
To stay updated on the dollar to naira exchange rates at the black market (parallel market) and Aboki FX, refer to the following real-time exchange rate:
Dollar to Naira Black Market Rate Today
In order to help you save significantly on international money transfers, we provide you with the prevailing exchange rate for the US dollar to naira on the black market:
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,230 |
| Selling Rate | 1,240 |
As of today, the naira is trading at NGN1,230 per $1 on the parallel market according to abokiFX, the reliable source for forex information. Please note that the Central Bank of Nigeria does not endorse the black market (parallel market) and advises individuals to consult their respective banks for forex transactions.
Dollar to Naira CBN Exchange Rate
It is important to note that the CBN exchange rate differs from the black market exchange rate and rates offered by commercial banks. The CBN exchange rate can be accessed through the official portal of the Central Bank of Nigeria at www.cbn.gov.ng.
Typically, the black market exchange rate for dollars is higher than the Central Bank of Nigeria (CBN) rate.
As of today, 1 United States Dollar equals 786.48 Nigerian Naira.
Remember, the value of the naira against other currencies fluctuates daily. Therefore, it is advisable to stay updated regularly on the real exchange rate before conducting any online transactions.
If you have any questions regarding today’s exchange rate, please feel free to reach out to us through our contact page. We are here to assist you. Check back frequently to ensure you have the most up-to-date information on the current rate.
