Dollar To Naira Exchange Rate Today 11 Nov 2021

The latest news about the Dollar To Naira Exchange Rate for Today 11 November 2021 as it happens the official CBN and black market rate.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Thursday, November 11, for $1 dollar to naira = ₦(yet to be disclosed)/$1.

Read Also: Dollar To Naira Exchange Rate Today 10 Nov 2021

According to the data at the FMDQ Security Exchange where forex is traded officially, the exchange rate between the naira and the US dollar opened at ₦(yet to be disclosed)/$1 on Thursday 11, after it closed at ₦414.73 to a $1 on Wednesday, 10 November 2021.

How much is the exchange rate of the Dollar to Naira in the Black Market today?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Thursday, November 11th sells at N540/1$, according to sources at Bureau De Change (BDC).

IMPORTANT NOTE: Please note that the exchange rate changes hourly… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦565 and the price can change (high or low) within hours.

Also note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦413.89/$1 on 10th November 2021 and closed at ₦414.73/$1, showing a change of -0.08%.

According to data from FMDQ, forex turnover stands at $92.38 million.