Dollar to naira bank rate today

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How Much Is Dollar To Naira Exchange Rate Today Black Market { Updated Daily }

The Naira to Dollar exchange rate though pegged at an official rate of N305.5 per $1 had been at what could be described as freefall in the black market.

Though in recent days it has been fluctuating, currently at a rate of

  • N361 – buy per $ 1

  • N364 – sell per $ 1

This rate isn’t encouraging, in fact, many Nigerians now spend more buying less, an act that shouldn’t be. I would be highlighting below reasons why it is so. To check this page for any changes in the dollar rate, save or bookmark the link below

Save this page URL – Naijaspects .Com/Dollars

dollar to naira exchange rate today black market

Dollar to Naira Exchange Rate Today Black Market

Exchange Rate Dollar To Naira Black Market History

  • August 31/2017 – 362 / 365
  • September 29/2017 – 362 / 365
  • October 31/2017 – 360 / 363

Currency Conversion On Nigerian Naira Parallel Market Selling Rate (Updating)

  • $ 1 = 363
  • $ 10 = 3640
  • $ 50 = 18150
  • $ 100 = 36300
  • $ 200 = 72600
  • $ 500 = 181500
  • $ 1000 = 363000
  • $ 10000 = 3630000


We make use of different currency notes now or later. From the dollars to the Euro, Naira, and others. We make use of them to purchase goods ranging from food items and others, paying bills and do other things.

Do you know that there are actually some facts about the dollars you do not know? surprised right, well this article is about to show you a lot you do not know about the dollar. But before we go through with that, let us break down a little history about the dollars.

On April 2, 1792, the United States Congress created the U.S dollars as the standard unit of money for the country. The word dollar is derived from low Saxton cognate of the High German Thaler. Before the use of the paper money, coins were first in use, the most commonly circulated and readily available currency used by common Americans at that time was the Spanish Peso which was also known as the Spanish milled dollars and this was of much value for its high silver content.

In those days gold and silver traded at a ratio that hardly varied over centuries. It was known as a “Bimetallic” System. In time, gold became the central monetary basis rather than silver. Britain used the monometallic system in 1816, the United States wholly adopted this system until 1900.

The first U.S paper dollar was issued in 1875. The sign on the U.S paper dollar ($) has lots of theories. However, there is one which is widely accepted all over, this was according to the Bureau of engraving and printing that the dollars sign goes back to the Spanish Peso. Now below are some interesting facts about the Dollars.

READ  Euro To Naira Exchange Rate Today October 2017 (Black Market)

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