Real-time Dollar to Naira Exchange Rates in the Black Market on December 17, 2023
Sunday 17 December 2023
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In the dynamic landscape of foreign exchange, the Dollar to Naira exchange rates at the black market, also known as the parallel market, play a pivotal role. As of December 17, 2023, individuals seeking to swap their dollars for Naira are encountering rates fluctuating within the parallel market.
Black Market Exchange Rate (Aboki Dollar Rate):
- Buying Rate: N1230
- Selling Rate: N1235
These rates, sourced from Bureau De Change (BDC) on Saturday, December 16, 2023, signify the prevailing values at the Lagos Parallel Market. Notably, the Central Bank of Nigeria (CBN) refrains from acknowledging the parallel market, urging those involved in forex transactions to liaise directly with their respective banks. CONTINUE READING.....
CBN Rate Today:
- Buying Rate: 861
- Selling Rate: 862
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It's crucial to recognize that the CBN's rates differ significantly from those observed in the black market. As a reminder, individual transactions may deviate from the rates presented here due to the inherent variability in forex pricing. CONTINUE READING.....
Navigating the intricate web of currency exchange, individuals are advised to stay informed about real-time rates and exercise discretion in their financial decisions. These figures encapsulate the current scenario, bearing in mind the ever-changing nature of the foreign exchange market.
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