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Dollar To Naira Exchange Rate Today 20 October 2021

Are you interested in knowing about the Dollar to Naira rate at the official and black market exchange rate Today being October 20, 2021? If ‘yes’, this post provides the latest update on the official dollar rates, Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

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How much is Dollar To Naira Exchange Rate Today?

According to information we gathered, the official exchange rate today, Tuesday October 20, is; $1 = ₦414.53.

Data from the FMDQ Security Exchange where forex is traded officially shows that exchange rate between Naira and Dollar opened at ₦414.53/$1 on Tuesday October 20.

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What is the exchange rate of Dollar to Naira in Black Market today?

The exchange rate for a dollar to Naira at Lagos Parallel Market, also known as Black Market, on Tuesday, October 20, opened at N575.00 to a $1.

Warning! The Central Bank of Nigeria (CBN) does not recognise the parallel market (black market) exchange rate in Nigeria. The apex bank has also directed individuals who want to engage in Forex to approach their respective banks.

Conclusion

According to the information from official exchange rate, Naira continues its very slow appreciation against the US dollar.

Source: Nyscinfo

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