Naira Plunges To Record Low N630/$1 At Black Market

Our Nigerian Naira Plunges To Record Low N630/$1 At Black Market

QUICK LOAN ARENA is reporting that the Nigerian Naira has suffered a terrible crash with respect to the United States Dollar in the Naira Black Market (also called Parallel Market) with its exchange rate today, 19th July, 2022 standing at N630/$1.

Dollar To Naira Black Market 12th July, 2022
Naira Plunges To Record Low N630/$1 At Black Market

Dollar To Naira Black Market Exchange Rate: Naira Crashes To Record Low N630/$1

Naira Crashes To Record Low N630/$1 At Black Market
CBN Governor, Godwin Emefiele: Naira Plunges To Record Low N630/$1 At Black Market

Naira Exchange rate at the Black Market, otherwise called parallel market plunged by N10 to close trading activities at Tuesday, July 19th, 2022, at N630/$1 compared to N620/$1 recorded in the previous trading session. This is according to information obtained from Bureau De Change operators.

Also, the exchange rate at the peer-to-peer market depreciated by 1.69% on Tuesday morning to trade at a minimum of N630.2/$1 compared to N623.1/$1 recorded on Monday morning. This is the highest rate recorded at the unofficial market, according to data tracked by Nairalytics.

1. How Much Is Dollar To Naira Black Market Today 

Dollar To Naira Black Market Exchange Rate Today
Naira Plunges To Record Low N630/$1 At Black Market

Nigerian Naira Plunges To Record Low N630/$1 At Black Market

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate 630
Buying Rate 620

QUICK LOAN ARENA Black Market Exchange Rate Table TODAY

$1 N630
$5 N3,150
$10 N6,300
$15 N9,450
$20 N12,600
$30 N18,900
$40 N25,200
$50 N31,500
$75 N47,250
$100 N63,000
$200 N126,000
$500 N315,000
$750 N472,500
$1,000 N630,000

2. How Much Is Dollar To Naira Today CBN Official Exchange Rate?

Dollar to Naira CBN Official Rate Today.

Dollar to Naira (USD to NGN) Official Exchange Rate Today
Selling Rate N429.13
Buying Rate Not Applicable

Dollar To Naira Black Market Exchange Today: Naira Plunges To Record Low N630/$1 At Black Market

Exchange rate at the Black Market, otherwise called parallel market crashed by N10 to close trading activities at N630/$1 compared to N620/$1 recorded in the previous trading session. This is according to information from Bureau De Change operators.

Also, the exchange rate at the peer-to-peer market depreciated by 1.69% on Tuesday morning to trade at a minimum of N630.2/$1 compared to N623.1/$1 recorded on Monday morning. This is the highest rate recorded at the unofficial market, according to data tracked by Nairalytics.

Nigeria’s external reserves increased by 0.03% on Friday, 15th July 2022 to stand at $39.44 billion from $39.43 billion recorded as of the previous day. This represents the 26th straight day of improvement for the nation’s foreign reserve.

The external reserve had been on a downward trend due to the continuous intervention by the Central Bank in the FX market in order to ensure the stability of the local currency. However, elevated crude oil prices have seen the reserve level improve.

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