Dollar To Naira Black Market Exchange Rate Today 13 December 2021

Dollar To Naira CBN Exchange Rate Today 13 December 2021

December 13 dollar to naira official market exchange rate: $1 dollar to naira =₦411.75

Brand News Day Nigeria reports that the exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦411.75 per dollar on Monday, 13 December 2021.

Dollar To Naira Black Market Exchange Rate Today 13 December 2021

The local currency opened at N572.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 13 December 2021, in Lagos, Nigeria after it closed N571.00 per $1 at the end of the last trading day, Friday, last week.

December 13 dollar to naira black market exchange rate: $1 dollar to naira = ₦572

Importantly, the dollar to naira opened in the parallel market at ₦571 per $1 today, Brand News Day Nigeria gathers that the Central Bank of Nigeria (CBN) does not acknowledge the parallel market, popularly referred to as the black market.

What You Should know

• Dollar to Naira exchange rate rallied at sales between 565 to 570 last week
• The black market exchange rate slightly varies from one seller to another, depending on the market, especially the Lagos market
• Notably, the dollar to Naira exchange rate is determined by players in the black market across the country, as the demand by investors determine the rate at which the US dollar to naira is exchanged for the day
• As of today, the number of investors demanding dollars in the market is on the high (According to a survey from our correspondent) the hike is as a result of the forthcoming festival