Dollar to Naira Exchange Rate Today November 11, 2022

You will have a better chance to prepare and make wise choices if you are fully aware of the Dollar to NGN black market exchange rate right now. The current USD/Naira exchange rate is shown below.

The Dollar To Naira Exchange Rate is ₦745, which means you can buy Dollars at ₦745 and sell them at ₦730 when we examined local dealers’ reports on forex in Lagos and Abuja, respectively.

Additionally, the second-most traded currency, the Euro/Naira, sold on the black market for ₦740 and ₦730 respectively. Interestingly, the Pound To Naira Exchange Pricing is ₦860 at the moment, yet the black market rate to sell a pound is ₦849.
Today, November 11, 2022, Dollar is traded at ₦745 on Black Market (Lagos). Black Market begins this week on Monday, November 7, 2022, with the Dollar trading at ₦787. This brings the US Dollar’s weekly decline to the Naira to -0.42%

READ MORE: Dollar to Naira: A further decline in the black market exchange rate

Looking at this month, on Tuesday, November 1, 2022, Dollar was trading at $812 at the start of this month. At the time of writing, the Dollars to Naira exchange rate has declined by -0.67%, trading at ₦745 as of today.

Dollar to Naira Black Market Rate Today

You must realize that the Naira is under pressure, which constantly keeps the FX market in a state of instability. Although it is impossible to forecast how the market will behave, we are doing our best to keep track of the daily Dollar to Naira exchange rate.

According to a reporter who visited the constantly crowded Wuse Zone 4, the center of bureau de change operators in Abuja noticed that the dollar was now being offered for ₦730, as opposed to the ₦745 it had been earlier. The price of a dollar was ₦730 in Lagos and ₦730 in Kano.

READ MORE: Dollar to Naira Exchange Rate Today November 10, 2022