Black Market Exchange Rate: Dollar to Naira โ€“ Today โ€“ 18th April 2024 ๐ŸŽŠ The Scoper Media

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How much is a dollar to naira today in the black market?

The black market dollar to naira exchange rate today, 18th April 2024, is as follows:

  • Buying rate: โ‚ฆ1,100.00 per US dollar
  • Selling rate: โ‚ฆ1,170.00 per US dollar

The foreign exchange market is an ever-evolving platform where currencies fluctuate, reflecting the dynamics of the global economy.

Contents

How much is a dollar to naira today in the black market?

The black market dollar to naira exchange rate today, 18th April 2024, is as follows:

How much is a dollar to naira today in the black market?

Dollar to Naira Black Market Exchange Rate Table for Different Denominations:

How does the black market dollar-to-naira exchange rate compare to the official rate?

In Nigeria, the black market exchange rate for the US dollar to Naira is particularly significant for various financial transactions. Hereโ€™s an insightful look into todayโ€™s rates.

The black market, often referred to as the parallel market, is a segment of the foreign exchange market where currency trading occurs outside of official channels. The rates here can differ substantially from the official rates provided by the Central Bank of Nigeria (CBN).

How much is a dollar to naira today in the black market?

As of 18 April 2024, the black market exchange rate for the US dollar to Naira is as follows:

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CurrencyBuying RateSelling Rate
USDโ‚ฆ1,100.00โ‚ฆ1,170.00

This means that if you want to buy 1 US dollar in the black market today, you will need to pay 1,060.00 naira, and if you want to sell 1 US dollar, you will receive 1,020.00 naira.

NB: These rates may vary slightly depending on the location and the dealer