Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. The nations external reserves likewise, declined further for the fifth consecutive day to $36.76 billion on Friday from $36.78 billion. Forex turnover however increased by 23.91% on Wednesdayto $105.37 million, from $85.04 million that exchanged hands on Tuesday. In the same vein, the exchange rate at the investors and exporters (I&E) window closed at N461.63/$1 on Monday, 23rd January 2023, representing a 0.03% dip from N461.5/$1 recorded in the previous trading session. The exchange rate used for the USD/NGN currency pair was : 448.55. But how much do you think he will need in USD? The opening indicative rate closed at N461.2/$1 on Friday, 13th January 2023. The calculated result will automatically display on the right of the question you chose, along with the answers to all the other questions. A sum of $79.05 million in FX value exchanged hands at the I&E window on Friday, which is 16.01% higherthan the $68.14 million that was traded in the previous session. Naira appreciated slightly against the US dollar on Wednesday, 15th February 2023, trading at an average of N755/$1 at the black market compared to the previous average of N756/$1. Historical Exchange Rates For United States Dollar to Nigerian Naira 120-day exchange rate history for USD to NGN Quick Conversions from United States Dollar to Nigerian Naira : 1 USD = 460.48744 NGN Last Updated 2/28/2023 1:29:04 AM Europe A sum of $48.09 million in FX value was traded at the I&E window on Tuesday, which is 11.55% lower than the $54.37 million that exchanged hands in the previous session. The nations external reserves, stood at $36.72 billion as ofTuesday, 21st February 2023 from $36.73 billion recorded the previous day. Check send rates US Dollar to Nigerian Naira conversion Last updated Feb 28, 2023, 12:59 UTC The opening indicative rate closed at N460.25/$1 onWednesday. The exchange rate at the official market closed at N461.9/$1 on Wednesday, 11thJanuary 2023, from N461.5/$1 recorded in the previous trading session. than the $109.82 million that was traded in the previous session. The current exchange rate is equivalent to 0.00217. Convert 20000000 US Dollar to Nigerian naira using latest Foreign Currency Exchange Rates. Also, the exchange rate at the investors and exporters (I&E) window recorded a marginal growth on Tuesday, 10th January 2023 to close at N461.5/$1 from N461.67/$1 recorded in the previous trading session. The opening indicative rate closed at N461.25/$1 onWednesday, 15thFebruary 2023. The exchange rate at the official market closed at N461.5/$1 on. Similarly, the exchange rate at the cryptocurrency P2P exchange depreciated on Mondaymorning to trade at a minimum of N752.4/$1, a 0.83% downturncompared to N746.2/$1 recorded as of the same time last week Friday, 27th January 2023. I must confess i got the perfect currency cnverter i was looking for here. China, which is set to go on holiday between the 21st and 27th of January will close trading activities during the period, hence prompting Nigerian traders to preorder goods ahead of the holiday. Also, the exchange rate at the official Investors and Exporters windowappreciated marginally by 0.06% to close at N461.33/$1 on Thursday, 23rd February 2023 fromN461.6/$1 recorded on Wednesday. According to FX traders, the downturn was expected at the beginning of the year, due to increased demands for foreign exchange in the country. This is the same rate it recorded on Monday. Monday, 20/02/2023 : 1 = $0.00217 0.000010-0.52%: . However, a sum of $48.09 million was transacted at the official exchange on Tuesday, which is lower by 11.55%, from the $54.37 million that exchanged hands on Monday. On the other hand, the exchange rate at the cryptocurrency P2P exchange market depreciated further to N755.18/$1on Wednesday, 15th February 2023, from N752.25/$1 recorded in the previous trading session. Forex turnover however decreased by 43.49% on Tuesday to $85.04 million, from $150.49 million that exchanged hands on Monday. Trading activities at the official market declined further by 18.85% on Friday 13th January 2023. The exchange rate at the official market closed at N461.17/$1 on Friday, 24th February 2023, a 0.03% appreciation from N461.33/$1 recorded on Thursday, 23rd February 2023. The opening indicative rate closed at N456.17/$1 onWednesday, 4thJanuary2023. representing a decrease of 0.03% from the $37.20 billion recorded as of 19th January 2023. . How much is the price of flight ticket from Osogbo,Nigeria to Malaysia? The fast and reliable converter shows how much you would get when exchanging one million Nigerian naira to US Dollar. Furthermore, an exchange rate of N462/$1 was the highest rate recorded during intra-day trading before it settled at N461.75/1, while it traded for as low as N446/$1 during intra-day trading. January 2023, a 0.05% depreciation from N461.25/$1recorded in the previous trading session. 10 USD. Furthermore, an exchange rate of N465.5/$1 was the highest rate recorded during intra-day trading before it settled at N461.5/1, while it traded for as low as N440/$1 during intra-day trading. Compared to the N731/$1 recorded last week Friday, naira depreciated by 1.92%. average: 0.000; minimum: 0.000; maximum: 0.000 The exchange rate at the official market closed at N461.5/$1 on Thursday. The opening indicative rate closed at N461.25/$1 on Friday, 24th February 2023. The opening indicative rate closed at N461.1/$1 onThursday, 2ndFebruary2023. The exchange rate at the official market closed at N461.5/$1 on Monday, 16th January 2023, compared to N461.9/$1 recorded in the previous trading session. The United States Dollar is the currency in American Samoa (AS, ASM), British Virgin Islands (VG, VGB, BVI), El Salvador (SV, SLV), Guam (GU, GUM), Marshall Islands (MH, MHL), Micronesia (Federated States of Micronesia, FM, FSM), Northern Mariana Islands (MP, MNP), Palau (PW, PLW), Puerto Rico (PR, PRI), United States (United States of America, US, USA), Turks and Caicos Islands (TC, TCA), Virgin Islands (VI, VIR), Timor-Leste, Ecuador (EC, ECU), Johnston Island, Midway Islands, and Wake Island. The same as recorded in the previous trading session. On the flip side, naira depreciated marginally against the US dollar at the investors and exporters (I&E) window to close at N461.5/$1 on Monday, 20th February 2023 compared to N461.25/$1 recorded on Friday. It's known locally as a buck or greenback. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. The naira is the currency of Nigeria. A sum of $208.91 million in FX value was transacted at the I&E window on Monday, which is 251.7% higher than the $59.40 million that exchanged hands in the previous session. | | | Catal | esk | Dansk | Deutsch | | English | Espaol | Eesti | Suomi | Franais | Gaeilge | | Bosanski jezik | Magyar | Indonesia | slenska | Italiano | | | | Lietuvikai | Latvijas | | Melayu | Maltija | Nederlands | Norske | Polski | Portugus | Romn | | Slovensky | Slovenski | Shqiptar | | Svenska | | Trke | | Ting Anh | | , Add currency calculators or rates to your website | Like Coinmill on Facebook, Copyright (C) 2003-2023 Stephen Ostermiller | Privacy Policy. A total of $176.24 million was traded at the exchange on Friday, an increase of 23.95% compared to the $142.19 million that exchanged hands the previous day. Forex turnover, however, decreased by 64.53% to $54.37 million at the official exchange on Monday, from the $153.3 million that was transacted last week Friday. Representing an uptrend of 0.41% compared to N738/$1 recorded on Wednesday. Meanwhile, naira depreciated against the US dollar at the investors and exporters (I&E) window by 0.15% to close at N461/$1 on Tuesday, 14th February 2023 from N461/$1 recorded on Monday. On the flip side, the exchange rate at the cryptocurrency P2P exchange appreciated by 0.16% onFriday, 3rdFebruary 2023 to a minimum of N745/$1, as againstN746.22/$1 recorded in the previous trading session. Furthermore, an exchange rate of N462/$1 was the highest rate recorded during intra-day trading before it settled at N461.25/1, while it traded for as low as N440/$1 during intra-day trading. A sum of $69.33 million in FX value exchanged hands at the I&E window on Wednesday, which is 54.82% lower than the $153.45 million that was traded in the previous session. Be on the lookout for any changes, ready up-to-date. The opening indicative rate closed at N461.5/$1 on Monday, 30th January 2023. The exchange rate between the naira and the US dollar at the black market remained flat on Friday, 10th February 2023, trading at an average of N740/$1, which is the same rate recorded on Thursday, 9th February 2023. On the other hand, the exchange rate at the cryptocurrency P2P exchange depreciated by 0.02% on Tuesday morning to trade at a minimum of N745.6/$1 from N745.6/$1 recorded as of the same time on Monday. And with our daily summaries, youll never miss out on the latest news. Click on the drop-downs to select the currencies you want to convert between. The exchange rate at the official market closed at N461.9/$1 on Wednesday. Nigerias external reserves fell for the ninth straight day to stand at $37.04 billion as of 27th January 2023, representing a decline of 0.08% from the $37.07 billion recorded as of 26th January 2023. The exchange rate between the naira and the US dollar at the black market remained flat on Monday 16th January 2023, trading at an average of N735/$1. The exchange rate between the naira and the US dollar at the black market depreciated on Tuesday 17th January 2023, trading at an average of N747/$1. The exchange rate between the naira and the US dollar depreciated marginally by 0.26% on Wednesday, 22nd February 2023 to trade at an average of N762/$1, from N760/$1 recorded in the previous trading session. On the other hand, the exchange rate at the investors and exporters (I&E) window closed at N461.9/$1 on Wednesday, 11th January 2023, compared to N461.5/$1 recorded in the previous trading session. NGN - Nigerian Naira 1 Zimbabwean Dollar = 1.27 23995 Nigerian Nairas 1 NGN = 0.785917 ZWD We use the mid-market rate for our Converter. RT @Naija_Activist: A leaked audio confirms that Tinubu paid INEC and Mahmood Yakubu $170 million dollars(299 Billion naira) Now explain to me why would a presidential candidate pay such amount to INEC. This represents a depreciationof 0.67% compared to N745/$1 recorded on Tuesday, 7thFebruary 2023. On the other hand, naira appreciated marginally against the US dollar at the investors and exporters (I&E) window to close at N461.33/$1 on Tuesday, 21st February 2023 compared to N461.5/$1 recorded on Monday. Likewise, the exchange rate at the cryptocurrency P2P exchange appreciated marginally by 0.15% on Wednesday morning to trade at a minimum of N746.6/$1, compared to N747.7/$1 recorded as of the same time on Tuesday. Also, the exchange rate between the naira and the US dollar depreciated marginally at the cryptocurrency P2P exchange market trading at an average of N753.13/$1 on Wednesday morning, 22nd February 2023, against N753.1/$1 recorded on Tuesday. The exchange rate for the United States Dollar was last updated on February 28, 2023 from The International Monetary Fund. A sum of $55.54 million in FX value exchanged hands at the I&E window on Wednesday, which is 0.04% higher than the $55.52 million that was traded in the previous session. Forex turnover at the official market increased by 251.70% to $208.91 million on Monday, 13th February 2023, compared to the $59.40 million that was transacted in the previous session. Forex turnover however decreased by 50.75% at the official exchange to $40.28 million on Monday, against the $81.78 million that exchanged hands last week Friday. Similarly,naira appreciated against the US dollarat the cryptocurrency P2P exchange market, trading at an average of N751.3/$1 on Friday morning, 24th February 2023, representing a 0.37% uptick compared to N754.1/$1 recorded on Thursday. Likewise, the exchange rate at the investors and exporters (I&E) window closed flat atN461.67/$1 on Monday, 9th January 2023. Forex turnover however increased by 54.08% on Monday to $150.49 million, from $97.67 million that exchanged hands last week Friday. Wise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference 900507, for the issuing of electronic money. Furthermore, an exchange rate of N462/$1 was the highest rate recorded during intra-day trading before it settled at N461.1/1, while it traded for as low as N439.96/$1 during intra-day trading. higher than the $55.54 million that was traded in the previous session. Nigerias external reserves however, stood at $37.16 billion as of 6thJanuary 2023, representing a0.03% increasefrom the $37.11 billion recorded as 4thDecember 2022, indicating a third successive increase in the nations reserve level. The exchange rate between the naira and the US dollar strengthened on Tuesday, 20th February 2023 to trade at an average of N760/$1, representing a 1.94% appreciation compared to N775/$1 recorded in the previous trading session. The exchange rate at the official market closed at N461.5/$1 on Friday, 30th December 2022, representing a 0.04% appreciation from N461.67/$1 recorded on Thursday. The opening indicative rate closed at N459.25/$1 onTuesday, 3rdJanuary2023. 4604.50000 NGN. The answer is at the beginning of the page, the exchange rate Nigerian Naira v US Dollar is updated hourly. With our tiered pricing for large amounts, you get a lower fee on any transfers over 100,000 GBP. The exchange rate at the official market closed at N461.1/$1 on Thursday, 9th February 2023, a 0.02% appreciation from N461.17/$1 recorded on Wednesday, 8th February 2023. Asia Pacific +65 6212 . You always get the best exchange rate with Wise, whether you send, spend, or convert money in dozens of currencies. In the same vein, the exchange rate at the cryptocurrency P2P exchange improved onFriday morning to trade at a minimum of N743.9/$1, a 0.35% appreciationcompared to N746.48/$1 recorded as of the same time on Thursday. USD US Dollar Country United States of America Region North America Sub-Unit 1 Dollar = 100 cents Symbol US$ The U.S. dollar is the currency most used in international transactions. The opening indicative rate closed atN461.25/$1on Thursday, 9th February 2023. Also, the naira appreciated marginally against the US dollarat the official Investors and Exporters windowby 0.03% to close at N461.17/$1 on Friday, 24th February 2023 fromN461.33/$1 recorded on Thursday. A total of $89.54 million in FX value was traded at the official exchange on Wednesday, representing a 30.05% increase when compared to the $68.85 million that exchanged hands in the previous day. 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