Dollar to Naira Exchange Rate Today November 16, 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 ₦805, which means you can buy Dollars at ₦800 and sell them at ₦785 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 ₦785 and ₦775 respectively. Interestingly, the Pound To Naira Exchange Pricing is ₦915 at the moment, yet the black market rate to sell a pound is ₦880.

On Wednesday, November 16, 2022, the black market in Lagos is trading one USD for ₦805. Black Market begins this week on Monday, November 14, 2022, with USD trading at ₦750. This brings the US Dollar’s weekly gain against the Naira to 0.55%.

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

Looking at this month, on Tuesday, November 1, 2022, USD was trading at ₦812 at the start of this month. As of right now, with the USD trading at ₦805, the USD/Naira exchange rate has decreased by -0.07% for the month.

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 ₦785, as opposed to the ₦805 it had been earlier. The price of a dollar was ₦785 in Lagos and ₦785 in Kano.

READ MORE: Dollar to Naira Exchange Rate Today November 15, 2022