How much is dollar to naira today, Friday, August 4, 2023?
Looking for current Dollar to Naira bank rate and black market exchange rate? Find out the current Dollar to Naira black market and Official exchange rate for today, Friday, August 4, 2023.
Convert dollars to naira easily at the prevailing rates. Note that the Central Bank of Nigeria (CBN) does not endorse the parallel market.
The economy’s performance is greatly affected by the dollar-naira exchange rate, impacting inflation and the public.
The CBN advocates for increased exports to enhance the nation’s economy. Black market dollar prices are typically higher than CBN rates. You can also check the exchange rate on CBN’s official website, cbn.gov.ng.
Dollar to Naira black market rate today, Friday, August 4, 2023
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Selling Rate | ₦875/$ |
| Buying Rate | ₦871/$ |
Today Dollar to Naira Bank Rate/Official Rate
According to Central Bank of Nigeria official website, the Dollar to Naira bank rate is selling at ₦766.949/$1 and buying at ₦765.949/$1 as of today, Friday, August 4, 2023.
| Dollar to Naira | Bank Rate/Official Rate Price | Difference From Previous Price |
|---|---|---|
| Buying Rate Today | ₦765.949 | +₦25.284 |
| Selling Rate Today | ₦766.949 | +₦25.284 |
Factors Influencing Foreign Exchange Rates
- Conditions of Trade
- Speculators
- Government Debt
- Interest Rates
- Inflation Rates
