Dollar To Naira Exchange Rate Today 24 March, 2022

Dollar To Naira Exchange Rate Today 24 March, 2022

This news is about the Dollar To Naira Exchange Rate at the official and black market exchange rate.

How Much Is Official Dollar to Naira Exchange Rate today 24 March 2022?

The official rate for 1 dollar to naira is $415.88/$1.

According to data from the FMDQ Security Exchange, where forex is officially exchanged, the exchange rate between the naira and the US dollar started at 415.88/$1 today.

The dollar-to-naira exchange rate has remained stable at N416.69 per dollar since the start of the new year.

In the black market, how much is a dollar worth in naira today 24 march, 2022?

According to Bureau De Change sources, the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) participants is N580 for a dollar and N590 for a dollar on wednesday, March 24, 2022. (BDC).

Please keep in mind that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), and has advised individuals interested in Forex to contact their respective banks.

Trading at the NAFEX official window

On March 24, 2022, the naira/US dollar exchange rate opened at 415.88/$1 and concluded at 417.00/$1. With a daily turnover of $78.71 million and a change of 0.18.

According to FMDQ statistics, the forward rate reached a high of 453.25 and a low of 420.00.

Spot rate: The dollar sold for as much as 444.00 and as little as 410.00 to the naira.

A spot exchange rate is the current market price for exchanging one currency for another for delivery on the earliest available value date.

Brent rises above $115 as the EU considers a ban on Russian oil.

Brent crude, the global oil benchmark, has risen as a result of the European crisis involving Russia and Ukraine.

According to a trade report on Monday, the Brent crude price increased by 7.3%, or $7.88, to $115/barrel at 7.54 p.m. Nigerian time.

This is happening at a time when the European Union is perplexed by the prospect of joining the United States in imposing a ban on Russian oil.