Dollar To Naira Exchange Rate Today, 22 March 2022 And Black Market Rate

Dollar To Naira Exchange Rate Today, 22 March 2022 And Black Market Rate

Onyxnewsng brings to you the update on the official dollar rates 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, Monday, March 21, 2022, for $1 dollar to naira = ₦416.06/$1.

According to the data at the FMDQ Security Exchange where forex is traded officially, the exchange rate between the naira and the US dollar opened at ₦416.06/$1 on Monday 21st, after it closed at ₦416.50 to a $1 on Friday, 18th March 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 N570 and sell at N590 on Monday, March 21st 2022, according to sources at Bureau De Change (BDC).

Though, 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.

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦416.06/$1 on 21st March, 2022 and closed at ₦416.25/$1. Showing a change of -0.06.

According to data from FMDQ, forward rate went as high as ₦453.25 and as low as ₦431.75.