See Dollar to Naira Exchange Rate Today for GTBank, CBN and Black Parallel Market.
Do you want to know the dollar to naira bank rate today? or Gtbank dollar to naira exchange rate. Here is the solution to your desired information which is updated everyday.
We will be updating the current dollar to naira exchange rates everyday as it changes in the market. In finance, an exchange rate (also known as a foreign-exchange rate, forex rate, ER, FX rate or Agio) between two currencies is the rate at which one currency will be exchanged for another.
It is also regarded as the value of one country’s currency in relation to another currency.
Dollar-Naira Exchange Rate Today:
| DATE: 09/09/2020 | 1$
BUY/ SELL |
|||||
| PARALLEL / BLACK MARKET (USD) | ₦430 / ₦443 |
| GTBANK ONLINE | ₦390 | |||||
| ECO BANK | ₦427 |
| ZENITH BANK | ₦402 | |||||
| FIRST BANK | ₦391 |
| WESTERN UNION | USD = ₦374.12 | GBP = ₦461.84 | EUR = ₦419,61 | |||
| CBN RATE | ₦361.00 |
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CRYPTOCURRENCY MARKET PRICES:
-
BTC — NGN 4,272,098.00
-
ETH — NGN 109,800.00
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USDT — NGN 445.46
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XRP — NGN 84.38
NOTE:
- The Parallel/ Black market rates were sourced from the Lagos market. It could be different depending on your current location and time of the day.
- The bank charges are as sent in by our readers who initiated online transactions. The rates may defer for you depending on the time of the day.
In the foreign exchange market, a currency pair is the quotation of the relative value of a currency unit against the unit of another currency. The quotation USD/NGN 360 means that 1 US dollars will buy 360 Naira. In other words, this is the price of a unit of US dollars in Naira. Here, USD is called the “Fixed currency”, while NGN is called the “Variable currency”.
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The naira (sign: ₦; code: NGN) is the currency of Nigeria. It is subdivided into 100 Kobo.
The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Nigerian Federation. It controls the volume of money supply in the economy in order to ensure monetary and price stability.
The Currency and Branch Operations Department of the CBN is in charge of currency management, through the procurement, distribution /supply, processing, reissue and disposal/ disintegration of bank notes and coins.