The Naira to the United States Dollar exchange rate today, August 21, 2024, in the black market is 1,600 for buying, while the selling rate is N1,610.
Also the Central Bank of Nigeria, CBN official exchange rate for one dollar today remains at N1, 588. 34.
It should be noted that these rates change from time to time during the day occasioned by various factors including economic conditions, market speculation, and government policies.
The dollar-to-naira exchange rate in the black market has continued to fluctuate, reflecting the economic challenges and forex shortages in Nigeria.
In contrast to the black market, the Central Bank of Nigeria (CBN) maintains an official exchange rate.
The disparity between the official and black market rates highlights the pressure on the naira and the challenges in the country’s forex market.
Black Market Exchange Rate Today
Foreign Currency Buying rate Selling rate
DOLLAR ($USD) N1,600 N1,610
POUNDS STERLING (GBP) N2,045 N2,065
EURO (EUR) N1,725 1,745
YUAN (CNY) N215 N225
SAUDI RIYAL (SAR) N425 N430
CBN Exchange Rate Today
Foreign Currency Buying rate Selling rate
DOLLAR ($USD) N1,587.84 N1,588.34
POUNDS STERLING (GBP) N2,066.56 N2,067.86
EURO (EUR) N1,761.32 N1,762.42
YUAN (CNY) N222.28 N222.42
SAUDI RIYAL (SAR) N423.03 N423.29