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Dollar to naira exchange rate today 29 November 2021

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dollar to naira exchange rate

Dollar to Naira exchange rate today

FELLOW PRESS brings you news on the dollar to naira exchange rate today 29 November 2021.

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 ₦411.64 and sold at ₦411.64, making an average of  ₦410.64 for $1 on Monday 25 November.

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

The official rate today, dollar exchange to naira opened at ₦413.75 on Monday November 29, and closed at ₦415.07 on Friday November 26. This amount to 0.07 per cent increase for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

Access Bank: ₦470

UBA: ₦465

Sterling Bank: ₦480

Union Bank: ₦414

Stan Chart: ₦463

FCMB: ₦480

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 Saturday November 27 opened at ₦560 to $1.

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

Meanwhile, The CBN has injected $2.1 billion into the Investors and Exporters (I&E) window, in the seven months to July this year (7mths-2021).

This is one of the measures of the apex bank in a bid to defend the naira.

The amount represents a 238 per cent increase when compared with the $621.1 million injected into the I&E window in the corresponding period of 2020 (7mths-2020).

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