Our website is made possible by displaying online advertisements to our visitors. Buying @ 1 Naira = 0.00223 Euro This week on Black Market. The increase in record dollar supply after some previous trading days drop reinforces the volatility of the foreign exchange market. The official rate of the US Dollar $ to Naira according to CBN is N361. A: One Euro is worth 460.8462 Nigerian Naira today Q: Is the Euro going up or down against the Nigerian Naira? Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. Compare us to your bank Send money with TransferWise. The most trusted platform to get the live exchange rates. READ: CBN Governor discloses why they amended procedures for receipt of diaspora remittances. ₦462.61 Live Exchange Rate. This represents a 60 kobo gain when compared with the N394.60/$1 that it exchanged for on Thursday, December 9. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday, closing at N394/$1. The CBN official exchange rate of the Euro to Naira today is:. This was the same rate that it exchanged for on Friday, December 11. Data is collated from various black market dealers on the mainland and island parts of Lagos State where forex is sold. TransferWise gives you the real, mid-market, exchange rate, so you can make huge savings on international transfers. The sharp increase in dollar supply after the previous trading day’s drop reinforces the volatility of the foreign exchange market. Euro to Naira Exchange Rate ( Black Market and CBN) Today, December 2020 By Chibuzor Aguwa December 1, 2020 If you are eager to have accurate information on the exchange rate of Euro to … This represents a N1 gain when compared to the N476/$1 that it exchanged for on Friday, December 9. Narrowed Gap A: Today's exchange rate (460.8462) is higher compared to yesterday's rate (0). Inside dollar to naira Lagos black market exchange rate today as at ., December 7, 2020 11:33 pm [the current value of a dollar to naira in black market today vary depending on the amount of money being exchanged and bargain power]. Explore Data on the Nairametrics Research Website, Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. Enter your email address to subscribe to this blog and receive notifications of new posts by email. You can simply do that by subscribing to this blog using the subscription box found on this page. The N400.37 to a dollar was the highest rate during intra-day trading before, it still closed at N390.25 to a dollar. Please consider supporting us by disabling your ad blocker. Convert Euro, Pounds, and Dollar to Naira NGN. Nigerian Naira to Euro Conversion Last updated: 2020-11-03 19:11 UTC All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. Okay Victor. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. The Euro is the second-largest reserve currency and also the second most traded currency in the world today after the United States Dollar (USD). Chike is a senior member of the Nairametrics Editorial Team. Euro to Nigerian Naira Conversion Last updated: 2020-12-07 20:02 UTC All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. The opening indicative rate was N392.55 to a dollar on Monday. This was expected to inject more liquidity into the retail end of the foreign exchange market and discourage hoarding and speculation. It also sold for as low as N385/$1 during intra-day trading. It also sold for as low as N383/$1 during intra-day trading. The opening indicative rate was N392.66 to a dollar on Friday. This corresponds to 1.75% rise this week. You also can click the currency name to view the exchange rates of this currency converting to other currencies. Sell: ₦ 1 = € 0.00175; Buy: ₦ 1 = € 0.00172; Previous Day Comparison. This represents a 13 kobo drop when compared to the N392.79 that was recorded on Wednesday. The local currency had strengthened by about 7.8% within one week in September at the black market, as the CBN introduced some measures targeted at exporters and importers. Some members of MPC of the CBN have expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. This makes it -0.04% decline for United States Dollar against Naira this week.. May we never reach a time where will have $1 equals to N1,000. Additional N1million to its price. The symbol for Euro is € and the exchange rate of Euro to Naira in the black market in Lagos today is. The exchange rate between the naira and the European euro stands at ₦565/€1 on Tuesday December 15th 2020. This page is updated daily or immediately any changes have been affected in the parallel market and the Central bank of Nigeria’s exchange rate of the Euro to Naira. The price quoted daily on this page represents the average price obtained by our Research Team. READ: Naira maintains stability at forex markets as dollar supply rise by 57%, READ: CBN Governor discloses why Nigeria must stop dependence on crude oil. Like the saying does "All work and no play makes Jack a dull boy", some of my hobbies are listening to inspirational songs and watching football. Total forex trading at the NAFEX window in the month of September was about $1.98 billion, compared to $843.97 million in August. How Much Is Euro to Naira Exchange Rate Today Black Market 2019 (Latest Update Every Day) Daily update answer: The buy rate = N406 per 1 euro; The sell rate = N 411 per 1 euro Chibuzor Aguwa, thanks! To keep yourself updated on the daily Euro to Naira exchange rate both in the Nigerian black market and the official Central Bank of Nigeria (CBN) rate you can simply subscribe to this blog and get the information delivered directly to your email. USD has been traded at ₦480 when Black Market opened this week on Monday, December 7, 2020. The Dollar To Naira Black Market exchange rate is pegged at an exchange rate of N305.5 per $1 had been at what could be described as freefall in the black market. CBN Exchange Rate Of Euro to Naira Today, December 2020 . Daily exchange rate of Naira to other currencies today. This represents an N5 drop when compared to the N495/$1 that it exchanged for on Thursday, November 26. Euro To Naira Bank Rate & Black Market Rate. This corresponds to 0.21% fall compared to previous day. (READ MORE: Naira strengthens at forex market as CBN intervenes in the market) This represents an N5 drop when compared to the N495/$1 that it exchanged for on Thursday, November 26. Home » Euro to Naira Exchange Rate ( Black Market and CBN) Today, December 2020. This is as the Naira hit a record low of N600/$1 on the futures for 5-year settlement on Friday, as the severity of forex scarcity becomes more intense, according to a report from Reuters. Despite the CBN intervention, the huge demand backlog by manufacturers and foreign investors still puts pressure and creates a volatile situation in the foreign exchange market. Also read: Dollar to Naira Exchange Rate Today (Black Market and CBN). The black market exchange rate for 1 NGN Nigeria to USD $ is also referred to as the parallel market rate. Top rising exchange rate is Euro to Naira having a ₦ 10 rise from ₦ 570.00 on 07/12/2020 to ₦ 580.00 as of 13/12/2020. The Nigerian NAIRA foreign exchange rate has been on the decline at an alarming rate. Dollar to naira rate black market may 21 2018 fxmallam naira le against us dollars even as pounds decline at the daily parallel market exchange rate september 10th 2019 naira depreciates to n410 per dollar as local currency weakens dollar to naira black market rate today wednesday 14th february euro to naira exchange rate today naijaonlineguide. As you go about transacting, let's give you a few hints and fact about Euro. ll 【€1 = ₦459.358】 euro to Nigerian naira rate today. 1 EUR = 453 NGN. Converted to. This exchange rate is ridiculous, to say the least I mean how would you justify such an Fx rate? Naira to Euro Black Market Rate. You should also note that the Euro to Naira exchange rates are updated in real-time, so be rest assured of getting the right figures from CBN (Central Bank of Nigeria) and the black market or parallel market. Buying @ 1 Rand = 22.59 Naira Selling @ 1 Rand = 22.65 Naira Naira to Rand CBN Rate (READ MORE: Naira stabilizes at black market as CBN continues its intervention in forex market). See table below for parallel market exchange rate dating to 2019. He has worked in research and marketing departments of three top commercial banks. The rate had also closed at ₦540/€1 on Tuesday, November 17th 2020. Free online currency conversion based on exchange rates. This is a daily tracker and updated close of business. At the segment of the foreign exchange market on Tuesday, the domestic currency depreciated by N10 against the Change: € -0.000009 % Change: -0.52% By Adedapo Adesanya The local currency came under pressure against the British Pound Sterling and the Euro at the black market yesterday, causing the Naira to lose value against the two foreign currencies. Dollar To Naira. The exchange rate between the naira and the US dollar for today (Tuesday, December 15th 2020), stands at ₦470/US$1 in the parallel market. The exchange rate is still being affected by low oil prices, dollar scarcity, a backlog of forex demand, and a shaky economy that has been hit by the coronavirus pandemic. If you are eager to have accurate information on the exchange rate of Euro to Naira in black market today and also the official CBN rate of Euro to Naira today, then you will get all the information you needed on this page. Please note that Black market exchange rate is different from official market rate, the margin difference is usually large. Some members of MPC of the CBN had expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. It also sold for as low as N386/$1 during intra-day trading. Activity: US Dollar stands at ₦470/US$1 in the parallel market, READ ALSO: The risk of buying Forex at black market rate of N460/$1. The exchange rate between the naira and the British pound sterling stands at ₦615/₤1 on Tuesday, December 15th 2020. The code for the Naira is simply written as NGN. History of exchange rate: Thursday, 08/10/2020 — Thursday, 15/10/2020. Buying @ 1 Naira = 0.00184 Euro Selling @ 1 Naira = 0.00181 Euro ; Euro to Naira CBN Rate. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. The exchange rate of the Euro to Naira in black market today is as follows: The CBN official exchange rate of the Euro to Naira today is: To keep yourself updated on the daily Euro to Naira exchange rate both in the Nigerian black market and the official Central Bank of Nigeria (CBN) rate you can simply subscribe to this blog and get the information delivered directly to your email. : -0.52 % Euro to Naira having a ₦ 10 rise from ₦ on... 1 Euro = 543.00 Naira ; Naira to dollar exchange rate is to! 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