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Dollar to naira exchange rate today 18 November 2021

dollar to naira exchange rate

 

FELLOW PRESS brings you news on the dollar to naira exchange rate today 18 November 2021.

This update comprises of dollar to naira exchange at the Central Bank of Nigeria (CBN), official forex rate, and Black Market rate.

 

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦410.57 and sold at ₦411.57, making an average of  ₦411.07 for $1 on Wednesday 17 November.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Thursday November 18, for $1 dollar to naira = ₦415.10/$1.

The Financial Markets Dealers Quotations (FMDQ),which is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Wednesday November 17 opened at ₦540 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Meanwhile, the International Monetary Fund (IMF) has warned the CBN to monitor for consequences of the electronic currency, eNaira, that was recently launched.

IMF said the eNaira has the capability to reduce deposits at the commercial banks

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