14th June 2023 – Dollar to Naira Rates » Voice of Nigeria
Stay informed about the latest Dollar to Naira exchange rate fluctuations. Our comprehensive guide analyzes black market and official bank rates in Nigeria as of June 14th, 2023. Learn how these rates impact trade, investment, and gain expert tips for currency exchanges. Make informed decisions and optimize your financial transactions based on the Dollar to Naira rates.
Today’s Exchange Rate: Dollar to Naira (14th June 2023)
Don’t stress about currency exchange rates.
We’ve got the latest info on the dollar to naira rates as of June 14th, 2023.
Stay in the loop and stay chill.
Spotlight on Nigeria’s Black Market
Get ready for some action in Nigeria’s buzzing black market, the ultimate spot for currency trading. Check out the USD to NGN rates straight from the Abuja Zone 4 market, Lagos, Nigeria:
Buying Rate – ₦750,
Selling Rate – ₦755.
Remember, these rates represent what’s happening in the broader black market scene.
“The black market, also known as the parallel market, reflects the most immediate and realistic rates at which money can be exchanged. It is an invaluable resource for both buyers and sellers in Nigeria.”
A Snapshot of the Black Market Exchange Rates
Below is a table featuring the most popular currencies traded in Nigeria’s black market:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| USD to NGN | ₦750 | ₦755 |
| GBP to NGN | ₦900 | ₦920 |
| EUR to NGN | ₦750 | ₦800 |
| CAD to NGN | ₦560 | ₦600 |
| ZAR to NGN | ₦31 | ₦38 |
| AED to NGN | ₦180 | ₦200 |
| CNY to NGN | ₦80 | ₦90 |
| GHS to NGN | ₦40 | ₦55 |
| XOF to NGN | ₦1050 | ₦1100 |
| XAF to NGN | ₦920 | ₦950 |
This data serves as a quick reference guide for Bureau De Change (BDC) operators and anyone interested in the foreign exchange market in Nigeria.
Official Exchange Rates for Today
The Central Bank of Nigeria (CBN) provides official exchange rates for various currencies. Here’s a look at what the official exchange rate was for the USD to NGN as of 14th June 2023:
Official Dollar to Naira Exchange Rate
Buying Rate: ₦461.9
Selling Rate: ₦462.9
Note: The official rate from CBN is typically more stable but may not always align with the real-time value reflected in the black market.
How Nigerian Banks Stood Today
The exchange rates offered by Nigerian banks can vary quite significantly. Here’s a look at the exchange rates provided by some of the top banks in Nigeria on this day:
GTBank Exchange Rates
| Currency | Rate |
|---|---|
| USD to Naira | ₦490 |
First Bank Exchange Rates
| Currency | Rate | |
|---|---|---|
| GBP | ₦ 706 | |
| EUR | ₦ 602 | |
| CAD | ₦ 466 | |
| USD | ₦ 470 | |
| INR | ₦ 5.80 | |
| RUB | ₦ 6.20 |
Access Bank Exchange Rates
| Currency | Rate | |
|---|---|---|
| USD To Naira | ₦ 505 | |
| EUR To Naira | ₦ 531 | |
| GBP To Naira | ₦ 621 | |
| CAD To Naira | ₦ 357 | |
| ZAR To Naira | ₦ 31 | |
| INR To Naira | ₦ 6 | |
| TRY To Naira | ₦ 52 | |
| AUD To Naira | ₦ 299 | |
| RUB To Naira | ₦ 7.10 | |
| SGD To Naira | ₦ 268 | |
| AED To Naira | ₦ 109 | |
| XOF To Naira | ₦ 800 |
UBA Exchange Rates
| Currency | Rate | |
|---|---|---|
| INR To Naira | ₦ 6. 12 | |
| USD To Naira | ₦ 490 | |
| EUR To Naira | ₦ 566 | |
| GBP To Naira | ₦ 622 | |
| CAD To Naira | ₦ 316 | |
| AED To Naira | ₦ 119 |
Ecobank Exchange Rates
| Currency | Rate | |
|---|---|---|
| USD To Naira | ₦ 480 | |
| GBP To Naira | ₦ 621 | |
| EUR To Naira | ₦ 499.45 | |
| AED To Naira | ₦ 107 | |
| CAD To Naira | ₦ 299 | |
| INR To Naira | ₦ 5.9 |
Stanbic Bank Exchange Rates
| Currency | Rate | |
|---|---|---|
| USD To Naira | ₦ 480 | |
| EUR To Naira | ₦ 543 | |
| GBP To Naira | ₦ 646 | |
| CAD To Naira | ₦ 337 |
Exchange rates play a crucial role in shaping financial decisions for individuals and businesses. By deepening your understanding of these rates, you gain the ability to make informed choices regarding your foreign currency needs. Stay connected for future updates on the foreign exchange market in Nigeria.
