Do you know that it is important to factor in the Naira to dollar exchange rate when planning a trip.
Particularly, if you are traveling to the US, your budget should consider the exchange rate.
The Central Bank of Nigeria (CBN) publishes the exchange rate of the Naira to the dollar daily.
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This information is very important for businesses and individuals who need to convert between the two currencies.
As of Wednesday, August 9, 2023, the Official exchange rate of dollar to naira CBN rate is as follows.
Buying rate: ₦762.94 to a dollar, Selling rate: ₦763.94 to a dollar.
CBN’s Official naira to dollar exchange rate, plays a significant role in facilitating financial transactions and conversions between the Nigerian Naira and the US dollar.
The exchange rates are always fluctuating in response to market conditions and other factors.
CBN Official dollar to Naira market closed yesterday at ₦767.00 to a dollar.
This means that if you are a businessman in need of the dollar, or you are planning to travel out of Nigeria and you need dollars, you will be able to convert your Naira or buy one US dollar at the rate of ₦763.94.
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However, if you want to sell one US dollar, you will receive ₦762.94.
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