The Exchange rate Dollar to Naira as of today. How is Naira performing against Dollar and other world currencies? How much is dollar to naira now.
See what Dollar to Naira exchange rate speaks today and also get the Nigerian Naira foreign exchange rates for major currencies; use our currency converter to help you save money on international transfers.
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Naira Exchange rate
Exchange rate is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in relation to another currency.
Exchange rates are determined in the foreign exchange market, which is open to a wide range of different types of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday.
In this post, Nigerian Naira exchange rates and currency conversion. Track Naira forex rate changes, track Naira historical changes. As we try to provide best currency transfer trend for you to compare exchange rates when sending money.
Exchange rate Dollar to Naira
Nigerian Naira is overly below the American Dollar both officially and in parallel market (black market).
The Central Bank of Nigeria rate is the official amount Nigerian banks will convert dollar to naira. It’s currently at ₦305.8 I.e 1USD equal 305.8 Nigerian Naira.
Naira Exchange rate today
Current exchange rate DOLLAR (USD) to NAIRA chart. This currency rates table lets you compare an amount in Nigerian Naira to all other currencies.
Where the above acronym of major currencies means the following:
- United States Dollar (USD)
- Australian Dollar (AUD)
- British Pound Sterling (GBP)
- Canadian Dollar (CAD)
- Euro (EUR)
- Chinese Yuan Renminbi (CNY)
- Euro (EUR)
- Indian Rupee (INR)
- Japanese Yen (JPY)
- South African Rand (ZAR)
Convert other currency to Naira
Calculate live currency and foreign exchange rates with this free currency converter. You can convert currencies and precious metals with this currency calculator.
Nigeria Naira Currency
Naira notes and coins are printed/minted by Nigerian Security Printing and Minting Plc (NSPM) Plc and other overseas printing / minting companies and issued by the Central Bank of Nigeria (CBN). At the currency printing works of the NSPM Plc, quality is meticulously controlled throughout every process of currency production.
This guarantees that every note issued meets the required standard . The CBN maintains an office called Mint Inspectorate in the premises of the NSPM Plc to maintain security and quality of Naira notes and coins.
Currency is issued to deposit money banks through the branches of the CBN , and old notes retrieved through the same channel. Currency deposited in the CBN by the banks are processed and sorted to fit and unfit notes in line with the clean note policy . The clean notes are re – issued while the dirty notes are destroyed.
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