Dollar To Naira Exchange Rate Today, 31st August 2022

By Tolulope Oke

According to the P2P foreign currency segment, Dollar to Naira exchange rate today, 31st August 2022 is set at N701.33/$1.

Compared to the same time it traded yesterday, the Naira was exchanged at N703/41, revealing the local currency appreciated by N2 against the American Dollar.

Meanwhile, in the unregulated market which is also the black market, currency traders in Lagos disclosed Dollar to Naira is exchanged at N700/$1 –  indicating a flat rate when compared to the value it traded as of this time yesterday, and the day before.

In a similar vein, the local currency remained stagnated in the Nigerian Autonomous Foreign Exchange Fixing (NAFEX) window closing at N430.33/$1, the same value it traded the day before.

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The situation applies to the official Central Bank of Nigeria’s (CBN) foreign segment as the local currency is currently exchanged at N423.38/$1, the same figures it traded the previous day.

Meanwhile, in the digital currencies, Bitcoin falls back in its $20k stand to a coin, Ethereum continues with its fall, while XRP records a bullish stance and ADA in a similar vein.

Bitcoin (BTC) declines to 0.90% to be sold at $20,238.75, Ethereum dropped at (-0.50%) to be sold at $1,582.2
Litecoin depreciates to 2.48% to be sold at $54.23, Bitcoin Cash (BCH) drops to 2.43% to be sold at $116.5.
IOTA depreciated to 1.06% to be exchanged at $0.2886, while XRP 0.06% appreciated to $0.3311  ADA also appreciated to 0.37% to be sold at $0.456, while DSH devalued to 4.82% to be sold at $45.4.