Dollar To Naira Exchange Rate Today 18 December 2021

Dollar To Naira Exchange Rate Today 18 December 2021 can be accessed below..

Onyxnewsng brings to you update on the official dollar rates for Saturday, December 18, 2021 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, Friday December 18th, for $1 dollar to naira = ₦413.83/$1.

According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦413.83/$1 on Friday 17th, after it closed at ₦415.05 to a $1 on Thursday, 16th December 2021.

How Much Is Exchange Rate Of Dollar To Naira In Black Market Today?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N565 and sell at N567 on Saturday, December 18th 2021, according to sources at Bureau De Change (BDC).

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

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦413.83/$1 on 17th December 2021 after closing at N415.05/$ on 16th December. Showing a change of -0.07%.
According to data from FMDQ, forex turnover stands at $331.11 million.

Meanwhile, Dollar rose on Friday as traders retreated from riskier currencies amid talk of interest rate hikes by central bankers and concerns about the spread of Omicron cases.

Onyxnewsng understands that the dollar index against major currencies rose 0.7%, recouping all of the value it had lost on Thursday following a series of central bank policy statements.