Have you checked today to see if there are any changes in the Dollar to Naira exchange rate performance?
Well, today, a day after the swearing-in of Nigeria’s new President, the exchange rate of the Dollar to Naira fell by ₦10.
Read Also: Black Market: Dollar Now ₦286 Above CBN Rate, Pound Hit ₦930
Currency dealers in Nigeria, popular known as the Bureau De Change (BDC) operators, are changing a dollar at ₦770 when buying and ₦765 when selling.
This is against how a dollar exchanged at ₦780 yesterday.
Also the second most traded currency known as Euro/Naira traded at ₦818 buy and ₦805 sell respectively in the black market.
Interestingly, at the same time the Pound To Naira Exchange Rate is ₦955 buy, while you can sell a pound for ₦937 sell at the black market rate.
However, the Naira still changes at ₦461 on the Central Bank’s official market.
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It is a known fact that the dollar to Naira exchange rate is not steady due to factors such as inflation, importing as a country instead of exporting, devaluing of the Naira among other reasons.
Dollar to Naira Rate for Past 7 Days
| Date | Buy | Sell |
| May 29, 2023 | 780 | 770 |
| May 28, 2023 | 764 | 760 |
| May 27, 2023 | 763 | 759 |
| May 26, 2023 | 762 | 758 |
| May 25, 2023 | 760 | 756 |
| May 24, 2023 | 765 | 760 |
| May 23, 2023 | 755 | 750 |
