How Much is Dollar to Naira Today Sunday 27 November 2022

Dollar to Naira Today Sunday 27 November 2022:   The following are the dollar-to-naira exchange rate in Nigeria today. It also includes the Black Market rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates and all banks rates.

Dollar to Naira Today Sunday 27 November 2022 Exchange rate at the black market and aboki fx. Today’s 27th November 2022 rate is between ₦770 and ₦785. See today’s Dollar to Naira exchange rate. You convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent black market or parallel market rate.

Nigerians prefer to exchange foreign currency, particularly dollar to Naira, on the black market since the conversion rate is much higher than what the bank offers.

On this page, you can discover all the facts and the current rate for dollar to Naira, both the CBN and the black market rate.

DOLLAR RATE (USD)	NAIRA RATE (NGN)
1 USD	780 NGN
5 USD	3900 NGN
10 USD	7800 NGN
15 USD	11700 NGN
20 USD	15600 NGN
25 USD	19500 NGN
30 USD	23400 NGN
40 USD	31200 NGN
50 USD	39000 NGN
100 USD	78000 NGN
150 USD	117000 NGN
200 USD	156000 NGN
250 USD	195000 NGN
300 USD	234000 NGN
350 USD	273000 NGN
500 USD	390000 NGN
750 USD	585000 NGN
1000 USD	780000 NGN
1500 USD	1170000 NGN
2000 USD	1560000 NGN
5000 USD	3900000 NGN
10000 USD	7800000 NGN

How Much is Dollar to Naira and the official Exchange Rate today, 27th November 2022?

Please keep in mind that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has recommended individuals interested in Forex contact their respective banks before proceeding.

The parallel exchange rate (black market rate) is always different from the CBN rate. The exchange rate between the US dollar and the Nigerian Naira significantly impacts the Nigerian economy.

As the Naira falls in value, inflation takes over the economy, which usually impacts the inhabitants. The Central Bank has stated that the Nigerian economy needs a significant turnaround and has asked Nigerians to work toward this goal, such as increasing exports.

The black market rate for dollars is frequently higher than the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate at which you can purchase or sell dollars for Naira on the CBN dollar-to-naira website, cbn.gov.ng.

The dollar to naira bank rate is the rate you use when you buy something from a foreign website with your Naira MasterCard or Debit card from a Nigerian bank. These rates are almost always cheaper than those available on the black/parallel market.

Dollar to Naira Black Market Rate Today, 27th November 2022

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Selling Rate	780
Buying Rate	775

Factors Influencing Foreign Exchange Rates

Here are some of the causes of the dwindling dollar to naira exchange rate.

Inflation Rates: It is well known that inflation directly impacts black market exchange rates. If the Nigerian economy can be stabilized and inflation is brought under control, the naira will benefit; however, if the naira continues to fall, it may indicate that food and other necessities are becoming more expensive daily.

Interest Rates: Another tool to keep an eye on is interest rates. If the interest rate at which banks lend money rises, it would harm the economy, causing it to contract and, as a result, the value of the naira to fall.

Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. If inflows are high, the naira exchange rate will rise in favour of the naira.

Speculators: Speculators frequently impact the naira-to-dollar exchange rate. They stockpile money in anticipation of a gain, causing the naira to plummet even lower.

Conditions of Trade: Favorable trade terms will increase the value of the naira to the dollar, although Nigeria is currently experiencing a trade deficit. Everything comes from China, India, and the majority of Asian countries.