The black market, also known as the parallel market, is a segment of the foreign exchange market. The black market exchange rate is the rate at which currency dealers buy and sell foreign currencies in the black market.
In this article, we will answer some of the frequently asked questions about the dollar-to-naira black market exchange rate today.
What is the dollar-to-naira black market exchange rate today?
The dollar-to-naira black market exchange rate today is the rate at which currency dealers buy and sell US dollars for Nigerian naira in the black market today.
The dollar to naira black market exchange rate today varies depending on the location, demand, and supply of the currencies. The dollar to naira black market exchange rate today also fluctuates frequently due to the volatility of the foreign exchange market.
The dollar to naira black market exchange rate today has an average of ₦1,325.00 as of March 27, 2024. This means that you can buy one US dollar for ₦1,360.00 or sell one US dollar for ₦1,325.00 in the black market today.
- Buying rate: ₦1,325.00 per USD
- Selling rate: ₦1,360.00 per USD
