Naira To Dollar Black Market Exchange Rate Today 4 December 2023
Monday 4 December 2023
Comment
Despite the Central Bank of Nigeria's non-recognition of the black market, the Lagos Parallel Market stands firm in reporting a Dollar to Naira exchange rate of N1167 for buying and N1169 for selling on December 4th, 2023. This information, sourced from Bureau De Change (BDC), emphasizes the prevailing rates in the informal forex market.
It's important to note that the CBN officially sets its rates at a buying rate of 952 and a selling rate of 953 for the same date. However, the black market rates showcased here may not align with individual transactions due to the inherent variability in forex pricing. CONTINUE READING....
As financial landscapes evolve, individuals engaging in forex transactions should remain vigilant, acknowledging that market dynamics can influence the rates at which they buy or sell foreign currencies.
Advertisment:
*Data Sell:* Is Mobile app to buy Mobile data, Airtime, Nepa bills, TV subscription & data pins.
*We offer instant recharge of Airtime, Data bundle, CableTV (DStv, GOtv & Startimes), Electricity Bill Payment, Recharge Card Print and more.*
Install our App *Data Sell* on Play store.👇
https://play.google.com/store/apps/details?id=bzdata.sell.topup
In the realm of foreign exchange, the black market's resilience is evident, as it persists in offering rates differing from the official CBN figures. The reported N1167 buying and N1169 selling rates on December 4th signify the parallel market's influence, despite regulatory directives. CONTINUE READING.....
Market participants are reminded that the CBN, while providing an official benchmark with a buying rate of 952 and a selling rate of 953, advises against engaging with the parallel market. The disparities between the official and parallel rates underscore the volatility and complexity inherent in forex transactions.
As the financial landscape remains dynamic, individuals navigating these markets should exercise caution and be aware that the rates presented here serve as a snapshot subject to market fluctuations. It's crucial to approach forex dealings with a comprehensive understanding of the broader economic context.
Advertisment:
*Data Sell:* Is Mobile app to buy Mobile data, Airtime, Nepa bills, TV subscription & data pins.
*We offer instant recharge of Airtime, Data bundle, CableTV (DStv, GOtv & Startimes), Electricity Bill Payment, Recharge Card Print and more.*
Install our App *Data Sell* on Play store.👇
https://play.google.com/store/apps/details?id=bzdata.sell.topup
Join Our Whatsapp Group
https://www.bzglobalservice.com.ng/p/join-our-groups-whtasapp-now-to-get-any.html
Our WhatsApp Channel
https://whatsapp.com/channel/0029Va4hi718vd1Mifphp11s
Our Facebook Page
Our Android App
0 Response to "Naira To Dollar Black Market Exchange Rate Today 4 December 2023"
Post a Comment
Tell us what you think about this article?