Dollar to Naira Black Market Rate Today
As you may already know the exchange rate is never static, the information on this page is only accurate for today, the 2nd of November, 2023. In the early hours of November 2nd, the black market dollar rate was between ₦1005 and ₦1200 with an average of ₦1,102.50. Over the past seven days, the dollar black market rate traded between ₦1005 and ₦1300 with the average being ₦1,213.21.
Black Market Dollar Rate
Little changes have been recorded due to the fluctuation. Presently, the Nigerian naira appreciated against the dollar on Wednesday, 1st November 2023, closing at N786.02/$1 at the official market. This closely represents a 3.73% increase from the N815.32/$1 recorded on the previous day. The intraday high recorded was N1101.00/$1, while the intraday low was N701.00/$1, representing a wide spread of N400/$1.Based on the data obtained from the official NAFEM window, forex turnover at the close of the trading was $105.98 million, representing a 41.82% decrease compared to the previous day. On the black market where forex is sold unofficially, the exchange rate appreciated by 0.85%, quoted at N1170/$1, while peer-to-peer traders quoted around N1180/$1.
$1 to naira in black market
Typically, $1 is between N1170 to N1180
