common-close-0
BYDFi
Trade wherever you are!

What is the current exchange rate for dollar to naira in the black market?

avatarFinn GradyDec 26, 2021 · 3 years ago3 answers

I need to know the current exchange rate for converting US dollars to Nigerian naira in the black market. Can someone provide me with the latest rate? I'm looking for the most accurate and up-to-date information.

What is the current exchange rate for dollar to naira in the black market?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The current exchange rate for dollar to naira in the black market is constantly changing due to various factors such as supply and demand, economic conditions, and government policies. It's best to check with local currency exchange dealers or online platforms that provide real-time rates for the most accurate information. Keep in mind that the black market rates may differ from official rates, so be cautious when engaging in currency exchange transactions.
  • avatarDec 26, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can tell you that the exchange rate for dollar to naira in the black market is influenced by several factors. These include the demand for US dollars, the availability of Nigerian naira, and the overall economic situation in Nigeria. It's important to note that the black market rates may be higher than the official rates due to the illegal nature of these transactions. Therefore, it's advisable to use official channels for currency exchange to avoid any legal or financial risks.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi is a reputable cryptocurrency exchange platform that provides real-time exchange rates for various cryptocurrencies, including dollar to naira. They offer competitive rates and a secure trading environment. You can easily check the current exchange rate for dollar to naira on their platform. However, it's important to note that the rates may vary in the black market. It's always recommended to compare rates from different sources before making any currency exchange decisions.