CBN Official Dollar To Naira Rate Today 25 July 2023 » Voice of Nigeria
Find out the value of Naira against a dollar on 25 July 2023.
Know the Dollar to Naira official buying and selling rates on 25 July 2023
Learn how it can impact businesses and individuals, and understand the role of the Central Bank of Nigeria.
How Much is Naira to Dollar Today? Look Here!
Knowing the worth of your money compared to other countries’ money is very important.
It’s useful for people who own a business or are planning to go on a trip.
This value is set by the Central Bank of Nigeria (CBN).
Today, you would get 782.354 Naira for one dollar.
This article will tell you more about this.
What Does The Central Bank of Nigeria Do?
The Central Bank of Nigeria (CBN) sets the worth of Naira compared to other countries’ money. Banks, businesses, and people use this worth when they need to exchange money.
The CBN wants to keep Nigeria’s money stable and help the country grow.
What’s the Worth of Naira to Other Money Today?
Today, one unit of foreign money is worth 782.354 Naira according to the CBN.
This worth can change.
The CBN may decide to change it depending on how well the country’s economy is doing.
How Does This Affect Businesses?
The worth of Naira can change how businesses work.
If a business sells things to other countries, they get 781.354 Naira for each unit of foreign money.
If a business buys things from other countries, they need 782.354 Naira for each unit of foreign money they need.
Businesses need to keep an eye on the worth of Naira.
Changes in the worth can change how much profit they make, how they price their products, and how well they can compete with other businesses.
By watching the worth of Naira, businesses can plan for changes in the economy and change how they work if needed.
How Does This Affect People?
If you’re planning a trip, the worth of Naira can affect how much money you need.
If you want to exchange 1,000 Naira, you would get about 1.27 units of foreign money at today’s worth of 782.354.
People who get money from other countries are also affected by this worth.
The money they get is turned into Naira based on the worth set by the CBN. This worth decides how much Naira they get.
Here’s the Worth of Naira Today
The worth of Naira to the US dollar is shown on the Central Bank of Nigeria (CBN) Currency Exchange Rate page. Below is a table showing the worth of Naira to various currencies.
Exchange Rate Archives | Rates Archives Date: 7/24/2023
| Currency | Buying Rate | Central Rate | Selling Rate |
|---|---|---|---|
| US DOLLAR | 781.354 | 781.854 | 782.354 |
| POUNDS STERLING | 1001.6958 | 1002.3368 | 1002.9778 |
| EURO | 865.6621 | 866.216 | 866.77 |
| SWISS FRANC | 902.1522 | 902.7295 | 903.3068 |
| YEN | 5.5356 | 5.5392 | 5.5427 |
| CFA | 1.2863 | 1.2963 | 1.3063 |
| WAUA | 1035.5336 | 1036.1962 | 1036.8589 |
| YUAN/RENMINBI | 108.7047 | 108.7747 | 108.8447 |
| RIYAL | 208.3222 | 208.4555 | 208.5888 |
| SOUTH AFRICAN RAND | 43.9669 | 43.9951 | 44.0232 |
| DANISH KRONA | 116.1778 | 116.2522 | 116.3265 |
| SDR | 1051.6243 | 1052.2973 | 1052.9702 |
Please note that the rates are subject to change and may vary depending on the time and location of the exchange.
