Dollar To Naira Exchange Rate Today, 6 April 2022 (See Black Market Rate)

Dollar To Naira Exchange Rate Today, 6 April 2022 (See Black Market Rate)

Onyxnewsng brings to you the news about the Dollar to Naira rate at the official and black market exchange rate.

See official dollar rate in Nigeria as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

How much is Dollar to Naira exchange rate today official rate?

The official rate today, Tuesday, April 5, 2022, for $1 dollar to naira = ₦415.92/$1.

According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦415.92/$1 on Tuesday 5th, after it closed at ₦416.63 to a $1 on Monday, 4th April 2022.

Onyxnewsng reports that the dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.

How much is a Dollar to Naira today in the black market?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N580 and sell at N595 on Tuesday, April 5th 2022, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market rate today

The rate of dollar in Abuja and Lagos Black Market sells at 595 and buys at 580 respectively.

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦415.92/$1 on 5th April, 2022 and closed at ₦416.83/$1. Showing a change of %0.05 and a daily turnover of $106.50 million.

According to data from FMDQ, forward rate went as high as ₦453.25 and as low as ₦415.50. Then the dollar sold to the naira as high as ₦444.00 and as low as ₦410.00 at the spot rate. A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date.