Naira To Dollar Black Market Exchange Rate 23rd January 2024
Monday 22 January 2024
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In the current scenario, the Black Market is experiencing a notable surge, with the Naira standing at 1355 against the US Dollar as of January 23, 2024. This article explores the various factors influencing these rates, provides insights into secure currency exchange practices, and offers a comprehensive currency conversion guide.
The dynamics of supply and demand, coupled with the political and economic conditions in both the United States and Nigeria, play pivotal roles in determining Black Market exchange rates. Additionally, the intrinsic strength of the US Dollar significantly impacts the overall exchange rate, making it imperative to monitor its global standing. CONTINUE READING.....
For those engaging in currency exchange on the Black Market, it is crucial to transact only with reputable dealers to minimize the risk of scams. Requesting a written receipt for every transaction ensures a record is maintained, and staying informed about the current Black Market exchange rates is essential. Moreover, it is advisable to avoid large transactions to mitigate potential risks.
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As of January 23, 2024, the Black Market rates stand as follows:
| Currency | Buy Rate | Sell Rate |
|-------------------|----------|-----------|
| USD to Naira | 1355 | 1360 |
| GBP to Naira | 1700 | 1725 |
| EUR to Naira | 1450 | 1465 |
| CAD to Naira | 960 | 990 |
| ZAR to Naira | 50 | 65 |
| AED to Naira | 325 | 340 |
| CNY to Naira | 160 | 175 |
| GHS to Naira | 100 | 115 |
| XOF to Naira | 1970 | 2010 |
| XAF to Naira | 1840 | 1900 |
| AUD to Naira | 735 | 770 |
Additionally, a currency conversion guide for USD to NGN is provided, offering insights into the exchange rates for different amounts. CONTINUE READING.....
Finally, FAQs addressing common queries about the Black Market, including the role of platforms like Aboki Forex, currency exchange procedures, accuracy of Black Market rates, and distinctions between CBN, I&E, and Black Market rates, provide a comprehensive understanding of navigating the Black Market exchange landscape. Stay informed to adapt to the ever-evolving world of foreign exchange.
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