NewsBand has obtained Dollar to Naira rate at the official and black market exchange rate Today October 27, 2021.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Wednesday October 27, for $1 dollar to naira = ₦414.44/$1.
According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦414.44 /$1 on Wednesday 27, after it closed at ₦415.10 to a $1 on Tuesday, 26 October 2021.
How much is exchange rate of Dollar to Naira in Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Wednesday, October 27 – it is being bought at N565.00 to a $1 and sold between N570 to N575, according to sources at Bureau De Change (BDC).
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦414.44/$1 on 27th October 2021 after closing on 26th October at ₦415.10/$1. Showing a change of 0.10%.
According to data from FMDQ, forex turnover for Wednesday, 27 October 2021 increased to $200.74million.
It is very important to note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to contact their respective banks.