Dollar To Naira Exchange Rate 9th August, 2022

By Tolulope Oke

According to the Official Central Bank of Nigeria (CBN) forex trading session, Dollar to Naira exchange rate today, 9th of August is set at N418.47/$1.

At the official Investors and Exporters trading window (FMDQ), Naira was exchanged at N431.00 to $1 – as against the previous exchange session which ended at N428.12/$1. This indicates a 0.67 percent decrease in the local currency’s value against its counterpart.

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The unregulated forex trading segment otherwise known as the black market has also witnessed a surge since the last trading session. As against  N658/$1, Naira is currently exchanged at N668.43/$1.

The crypto world on the other hand has witnessed both bearish and bullish value amongst the currencies in the past 24 hours.

Bitcoin (BTC) takes on the lead on a bullish stand, recording a 0.02 percent decline in value to be sold at $23, 8347,07, Ethereum (ETH) follows through with a solid 2.58 percent increase in value to be exchanged at $1779,52, while Binance  (BNB) takes on a bearish stand to be sold $325.47 with a 0.57 percent decline.