However, Forex turnover at the official market fell to its lowest since October 24th 2022 to $40.24 million, representing a 27.52% decline compared to $55.52 million that exchanged hands on Wednesday. Every time. A total of $79.05 million was traded at the official market on Friday, a marginal increase compared to $68.14 million that exchanged hands the previous day. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. This is for informational purposes only. However, Forex turnoverat the official market increased by 2.51%% on Monday to $122.43 million, from $119.43 million that exchanged hands on Friday. The exchange rate between the naira and the US dollar at the black market remained flat on Friday, 10th February 2023, trading at an average of N740/$1, which is the same rate recorded on Thursday, 9th February 2023. If so, how much is the Basic Travel Allowance (BTA)? Nigerias external reserves however, stood at $37.2 billion as of 9thJanuary 2023, representing a0.09% increasefrom the $37.16 billion recorded as 6thDecember 2022, indicating a fourthsuccessive increase in the nations reserve level. The exchange rate is highly volatile as traders have reduced trading activities due to banking app downtime and lack of cash. A total of $153.45 million was traded at the exchange on Tuesday, a decrease of 12.93% compared to the $176.24 million that exchanged hands the previous day. The opening indicative rate closed at N461.35/$1 on Wednesday, 22nd February 2023. Also, the exchange rate at the investors and exporters (I&E) windowdepreciated by 0.09%to close at N461.5/$1 on Friday, 10th February 2023 from N461.1/$1 recorded on Thursday, 9th February 2023. Compare us to your bank Send money with Wise. And with our daily summaries, youll never miss out on the latest news. The exchange rate between the naira and the US dollar strengthened on Tuesday, 20th February 2023 to trade at an average of N760/$1, representing a 1.94% appreciation compared to N775/$1 recorded in the previous trading session. Nigerias external reserve in the same vein, stood at $37.07 billion as of 3rd January 2023, a0.04% reduction from the $37.08 billion recorded as 30th December 2022. Also, the exchange rate at the cryptocurrency P2P exchange appreciated by 0.11% on Thursdaymorning to trade at a minimum of N747/$1 from N747.85/$1 recorded as of the same time on Wednesday. These rates however vary based on the form of transaction, cash or transfer. This is according to information from black market traders who spoke to Nairametrics. Nigerias external reserves however, stood at $37.205 billion as of 12th January 2023, representing a marginal increase from the $37.205 billion recorded as of 11th December 2022, indicating a seventh straight increase in the nations reserve level. Forex turnover however decreased by 43.49% on Tuesday to $85.04 million, from $150.49 million that exchanged hands on Monday. Meanwhile, the exchange rate at the investors and exporters (I&E) window closed at N461.9/$1 on Friday, 13th January 2023, a 0.16% depreciation from N461.17/$1 recorded in the previous trading session. . Naira depreciated against the US dollarat the black market, on Friday, 6thJanuary 2023,trading at an average of N731/$1, a0.14%depreciation compared to N730/$1 recorded in the previoustrading day. The nations external reserves likewise, declined further for the sixth consecutive day to $36.73 billion on Monday from $36.76 billion. Forex turnover however increased by 23.91% on Wednesdayto $105.37 million, from $85.04 million that exchanged hands on Tuesday. Nigerias external reserves level decreasedby 0.09% on Friday, 3rd February 2023 to stand at $36.988 billion from $37.02 billion recorded in the previous day. Meanwhile, the exchange rate at the official investors and exporters (I&E) window appreciated slightly on Friday, 30th December 2022 to close at N461.5/$1, although it represents 5.7% downturn from 2022 year. A sum of $97.67 million in FX value was transacted at the I&E window on Friday, which is 116.28% higherthan the $45.16million that was traded in the previous session. A total of $81.78 million in FX value was transacted at the official exchange on Friday, representing a 17.30% increase againstthe $69.72 million that exchanged hands in the previous day. A year ago today, on this day, they provided the equivalent of 20,000,000,000.00 naira for $48,088,469.28 us dollars, which is $4,741,309.16 more than it is now. Our currency converter will show you the current rate and how its changed over the past day, week or month. adunit = 'nairametrics.com_336x336_responsive_DFP', Wise US Inc is authorized to operate in most states. Calculator to convert money in Nigerian Naira (NGN) to and from United States Dollar (USD) using up to date exchange rates. Forex turnover however decreasedby 58.88% on Thursdayto $45.16million, compared to the $109.82 million that exchanged hands in the previous session. On the other hand, the exchange rate at the cryptocurrency P2P exchange depreciated by 0.3% on Wednesdaymorning to trade at a minimum of N747.85/$1 from N745.75/$1 recorded as of the same time on Tuesday. This is the same rate it recorded on Monday. The exchange rate at the official market closed at N461.5/$1 on Monday, 16th January 2023, compared to N461.9/$1 recorded in the previous trading session. Selling Rate. Naira weakenedagainst the US dollar at the black market on Tuesday morning, 24th January 2023, having depreciated by 1.07% to trade at an average of N753/$1 compared to an average of N745/$1 recorded on Monday. The exchange rate between naira and the US dollar fellsharply to N752/$1 on Monday, 30th January 2022, representing a 0.94% depreciation compared to N745/$1 recorded last week Friday. The opening indicative rate closed at N459.5/$1 onFriday, 6thJanuary2023. A sum of $110.27 million in FX value was traded at the I&E window on Thursday which is 34.56% higher than the $81.95 million that exchanged hands in the previous session. The official exchange rate depreciated by 0.1% despite a 28.5% increase in trading activities at the exchange. Meanwhile, the exchange rate at the investors and exporters (I&E) window weakenedslightly toN461.67/$1 on Friday, 6th January 2023, a 0.04% depreciation from the N461.5/$1 recorded on Thursday, 5th January 2023. The exchange rate at the official market closed at N461.5/$1 on Friday, 10th February 2023, a 0.09% depreciation from N461.1/$1 recorded on Thursday, 9thFebruary 2023. Nigerias external reserves level decreasedby 0.09% on Friday, 3rd February 2023 to stand at $36.988 billion from $37.02 billion recorded in the previous day. The opening indicative rate closed at N461.3/$1 onThursday, 16thFebruary 2023. Furthermore, an exchange rate of N462/$1 was the highest rate recorded during intra-day trading before it settled at N461.17/1, while it traded for as low as N440/$1 during intra-day trading. Check send rates Zimbabwean Dollar to Nigerian Naira conversion Last updated Feb 28, 2023, 22:17 UTC A sum of $45.16 million in FX value was transacted at the I&E window on Thursday, which is 58.88% lower. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. A sum of $198.6 million in FX value exchanged hands at the I&E window on Monday, which is 175.15% higher than the $72.18 million that was traded in the previous session. Send Money Check the currency rates against all the world currencies here. Meanwhile, naira appreciated marginally against the US dollar at the investors and exporters (I&E) window to close at N461.5/$1 on Wednesday, 15th February 2023 from N461.67/$1 recorded on Tuesday. The exchange rate at the official market closed at N461/$1 on Monday, 13th February 2023, a 0.11% appreciation from N461.5/$1 recorded on Friday, 10th February 2023. The opening indicative rate closed at N461.5/$1 on Tuesday, 7thFebruary 2023. Historical Exchange Rates For United States Dollar to Nigerian Naira 120-day exchange rate history for USD to NGN Quick Conversions from United States Dollar to Nigerian Naira : 1 USD = 460.48744 NGN Last Updated 2/28/2023 1:29:04 AM Europe The exchange rate at the official market closed at N461.17/$1 on Thursday. childNetworkId = '21634543682', Click on the drop-downs to select the currencies you want to convert between. A sum of $153.3 million was transacted at the official exchange on Friday, from the $110.27 million that exchanged hands on Thursday,an increase of 39.02%. However, a sum of $48.09 million was transacted at the official exchange on Tuesday, which is lower by 11.55%, from the $54.37 million that exchanged hands on Monday. A total of $89.54 million in FX value was traded at the official exchange on Wednesday, representing a 30.05% increase when compared to the $68.85 million that exchanged hands in the previous day. The exchange rate between the naira and the US dollar depreciated on Monday, 9th January 2023, to trade at an average of N745/$1 on the black market, following two weeks of stability. The exchange rate between the naira and the US dollar traded for an average of N745/$1 on Thursday, 2nd February 2023, the same rate as recorded on Wednesday, 1st February 2023. The exchange rate at the official market closed at N461.9/$1 on Wednesday. On the other hand, the exchange rate at the investors and exporters (I&E) window closed at N461.5/$1 on Thursday, 19th January 2023, recording a slight depreciationcompared to N461.25/$1 that it closed at the end of the previous trading session. Can he collect the money personally or must I use a citizen of Nigeria to collect the money on his behalf? The same was recorded in the last three trading sessions. The exchange rate at the official market closed at N461.6/$1 on Wednesday, 22nd February 2023, a 0.06% depreciation from N461.33/$1 recorded on Tuesday, 21st February 2023. The downturn in the black market was attributed to increased demand for FX as a result of the coming Chinese New Year holiday. But how much do you think he will need in USD? Furthermore, an exchange rate of N462/$1 was the highest rate recorded during intra-day trading before it settled at N461.67/1, while it traded for as low as N426/$1 during intra-day trading. Nigerias external reserve stood at $37.08 billion as of 30th December 2022, a decrease of 0.02% from the $36.09 billion recorded as of the previous day. The exchange rate has remained stable following the increased cash demand across the country as black-market traders have lamented the lack of cash in the market. Monday, 20/02/2023 : 1 = $0.00217 0.000010-0.52%: . The exchange rate between the naira and the US dollar at the black marketremained flat on Friday, 13th January 2023, tradingat an average of N735/$1. 2302.25000 NGN. The exchange rate at the official market closed at N461.9/$1 on Wednesday, 11thJanuary 2023, from N461.5/$1 recorded in the previous trading session. RT @Naija_Activist: A leaked audio confirms that Tinubu paid INEC and Mahmood Yakubu $170 million dollars(299 Billion naira) Now explain to me why would a presidential candidate pay such amount to INEC. The exchange rate at the official market closed at N461.5/$1 on Tuesday, 10thJanuary 2023, from N461.67/$1 recorded in the previous trading session. 20 USD. Furthermore, an exchange rate of N462/$1 was the highest rate recorded during intra-day trading before it settled at N461.25/1, while it traded for as low as N440/$1 during intra-day trading. The exchange rate at the official market closed at N461.63/$1 on Monday, 23rd January 2023. A sum of $55.54 million exchanged hands on Wednesday, which is marginally higher than the $55.52 million that was traded on Tuesday, 17th January 2023. You should conduct your own research, review, Specifically, a total of $88.95 million was traded on Thursday, against the $151.26 million that exchanged hands in the previous day. A sum of $48.28 million was transacted at the official exchange, recording an increase of19.86%on Tuesday, against the $40.28 million that exchanged hands on Monday. Meanwhile, the exchange rate at the investors and exporters (I&E) window closed at N461.25/$1 on Thursday, 26th January 2023, representing a 0.10% improvement compared to N461.7/$1 recorded in the previous trading session. Forex turnover however decreased by 15.61% on Tuesday to $112.04 million, compared to the $132.77 million that exchanged hands in the previous session. China, which is set to go on holiday between the 21st and 27th of January will close trading activities during the period, hence prompting Nigerian traders to preorder goods ahead of the holiday. The exchange rate between the naira and the US dollar at the black market appreciated slightlyby 0.27% on Friday, 20th January 2023, trading at an average of N746/$1 compared to N748/$1 recorded on the previous day. Do you think he will do anything for you as your president? Forex turnover, however, decreased by 64.53% to $54.37 million at the official exchange on Monday, from the $153.3 million that was transacted last week Friday. Help when there is need to convert currency!!! On the other hand, the exchange rate at the cryptocurrency P2P exchange depreciated on Monday morning to trade at a minimum of N745/$1, a 0.15% downturn compared to N743.9$1 recorded as of the same time last week Friday.. This is according to information from black market FX operators who spoke to Nairametrics. The opening indicative rate closed at N460.25/$1 on. The nations external reserves stood at $36.679 billion as of Monday, 27th February 2023 from $36.698 billion recorded on Friday, 24th February 2023. The exchange rate at the official market closed at N461.17/$1 on Friday, 24th February 2023, a 0.03% appreciation from N461.33/$1 recorded on Thursday, 23rd February 2023. Exchange rates are updated every 15 minutes. | | | Catal | esk | Dansk | Deutsch | | English | Espaol | Eesti | Suomi | Franais | Gaeilge | | Bosanski jezik | Magyar | Indonesia | slenska | Italiano | | | | Lietuvikai | Latvijas | | Melayu | Maltija | Nederlands | Norske | Polski | Portugus | Romn | | Slovensky | Slovenski | Shqiptar | | Svenska | | Trke | | Ting Anh | | , Add currency calculators or rates to your website | Like Coinmill on Facebook, Copyright (C) 2003-2023 Stephen Ostermiller | Privacy Policy. 1 Nigerian Naira = 0.0021716941 United States Dollar 1 United States Dollar = 460.47 Nigerian Naira Example: convert 15 Nigerian Naira to United States Dollar: 15 Nigerian Naira = 15 0.0021716941 United States Dollar = 0.0325754121 United States Dollar Popular Currency Conversions EUR to USD GBP to USD MXN to USD AUD to USD BRL to USD CAD to USD This is according to information from black market traders who spoke to Nairametrics. Nigerias external reserves fell for the fourth consecutive day, depreciating by 0.09% to stand at $36.82 billion as of Wednesday, 8th February 2023 from $36.86 billion recorded in the previous day. This is according to information from black market FX traders who spoke to Nairametrics. A sum of $69.33 million in FX value exchanged hands at the I&E window on Wednesday, which is 54.82% lower than the $153.45 million that was traded in the previous session. For the basic conversion, we use the midpoint between the buy and sell rates of NGN to USD at currency exchanges across the globe. Naira improved againstthe US dollar at the black market on Thursday, 9th February 2023, trading atan average of N740/$1, a 1.33% gain compared to N750/$1 recorded on Wednesday, 8thFebruary 2023. , which they pass to you by marking up the exchange with our daily summaries, never. External reserves likewise, declined further for the sixth consecutive day to $ 36.73 on! 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