Dollar To Naira Today Black Market Rate 24th May 2023 (Aboki Fx)

Read the latest Dollar to Naira black market rate for 24th May 2023

Prior to today, Wednesday the 24th of May, 2023, the naira traded at N745 to the dollar, showing a brief period of stability before the depreciation brought on by rising demand for dollars.

In addition, the value of the Nigerian Naira decreased by 0.62% in relation to the Euro. It traded at an average price of N815 per Euro on Monday, May 22, 2023 as opposed to N810 on Friday, May 19, 2023.

On May 19, 2023, the naira maintained its stability versus the pound, keeping its average exchange rate at N946 per pound.

It is crucial to remember that, according to a report, the parallel exchange rate may range across various marketplaces within the nation depending on variables like survey scheduling, demand and supply dynamics, purchasing power, and other significant considerations.

Data from the Central Bank of Nigeria (CBN) shows that the country’s foreign exchange supply through the official window grew to a total of $15.2 billion in light of these occurrences.

Also Read Dollar To Naira Today Black Market Rate 17th May 2023 (Aboki Exchange)

This amount is a big 17.7% rise over the $12.9 billion that was reported in 2021 and a significant 46.4% increase over the $10.4 billion that was reported in 2020.

The Wholesale Dutch Auction System/Retail Dutch Auction System, the interbank market, the BDC market, the Investors and Exporters Window, Small and Medium Enterprises, as well as the invisible categories are all included in the official window.