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Trading activities at the official market declined by 41.19% on Thursday 12th January 2023. Meanwhile, the exchange rate at the investors and exporters (I&E) window closed at N461.25/$1 on Thursday, 26th January 2023, representing a 0.10% improvement compared to N461.7/$1 recorded in the previous trading session. A total of $81.78 million in FX value was transacted at the official exchange on Friday, representing a 17.30% increase againstthe $69.72 million that exchanged hands in the previous day. = 0 NGN 1 United States dollar = 0 Nigerian. Representing an uptrend of 0.41% compared to N738/$1 recorded on Wednesday. A sum of $59.40 million in FX value was transacted at the I&E window on Friday, which is 47.61% higher than the $40.24 million that exchanged handsin the previous session. Also, the exchange rate at the cryptocurrency P2P exchange depreciatedon Tuesday morning to trade at a minimum of N747/$1, a 0.27% downtrend compared to N745/$1 recorded as of the same time onMonday. The nations externalreserves likewise, declined further to $36.79 billion on Wednesday from $36.81 billion. The nations foreign reserves on the other hand, declined further to $36.81 billion on Tuesday from $36.82 billion. Send money Xe Currency Charts Today's Value of 20,000,000 Dollars in Nigerian Naira is 8,970,995,400 (NGN). Historical Chart 1,000,000,000 USD/NGN Currently, the amount of foreign currency is regulated through weekly auctions, while the Central Bank sets the exchange rate. A sum of $54.37 million in FX value was traded at the I&E window on Monday which is 64.53% lower than the $153.3 million that exchanged hands in the previous session. Nigerias external reserve stood at $37.07 billion as of 3rd January 2023, a decrease of 0.04% from the $36.08 billion recorded on 30th December 2022. A year ago today, on this day, they provided the equivalent of 20,000,000,000.00 naira for $48,088,469.28 us dollars, which is $4,741,309.16 more than it is now. Meanwhile, the exchange rate at the investors and exporters (I&E) window appreciated marginally to close at N461.1/$1 on Thursday, from N461.17/$1 recorded on Wednesday, 8th February 2023. The exchange rate between naira and the US dollar fellsharply to N752/$1 on Monday, 30th January 2022, representing a 0.94% depreciation compared to N745/$1 recorded last week Friday. The exchange rate between the naira andthe US dollar strengthened on Monday, 27th February 2023 at the black market to trade at an average of N758/$1, representing an appreciation of 0.26%from N760/$1 recorded in the previous trading session. The exchange rate between the naira and the US dollar depreciated slightly by 0.13% on Thursday, 26th January 2023 to trade at an average of N751/$1 compared to N750/$1 recorded in the previous trading session. Likewise, the exchange rate at the investors and exporters (I&E) window closed flat atN461.67/$1 on Monday, 9th January 2023. The opening indicative rate closed at N461/$1 on Monday, 16th January 2023. Also find there - the volatility indicator, dynamics of changes value, chart and much more, hurry up and follow. Current exchange rate US DOLLAR (USD) to NIGERIA NAIRA (NGN) including currency converter, buying & selling rate and historical conversion chart. A sum of $208.91 million in FX value was transacted at the I&E window on Monday, which is 251.7% higher than the $59.40 million that exchanged hands in the previous session. The opening indicative rate closed at N459.25/$1 onTuesday, 3rdJanuary2023. Likewise, the exchange rate between the naira andthe US dollarat the official Investors and Exporters window fellby 0.18% to close at N462/$1 on Monday, 27th February 2023 compared to N461.17/$1 recorded on Friday. The United States Dollar is the currency in American Samoa (AS, ASM), British Virgin Islands (VG, VGB, BVI), El Salvador (SV, SLV), Guam (GU, GUM), Marshall Islands (MH, MHL), Micronesia (Federated States of Micronesia, FM, FSM), Northern Mariana Islands (MP, MNP), Palau (PW, PLW), Puerto Rico (PR, PRI), United States (United States of America, US, USA), Turks and Caicos Islands (TC, TCA), Virgin Islands (VI, VIR), Timor-Leste, Ecuador (EC, ECU), Johnston Island, Midway Islands, and Wake Island. Convert 100000000 Nigerian naira to US Dollar using latest Foreign Currency Exchange Rates. This represents a depreciationof 0.67% compared to N745/$1 recorded on Tuesday, 7thFebruary 2023. 10 100 1000. Convert United States Dollar To Nigerian Naira 1 USD = 459.964879 NGN Mar 01, 2023 13:10 UTC. On the other side, the exchange rate at the investors and exporters (I&E) window appreciated by 0.14% to close at N461.5/$1 on Tuesday, from N462.17/$1 recorded on Monday, 6th February 2023. Check send rates Nigerian Naira to US Dollar conversion Last updated Feb 28, 2023, 06:55 UTC Convert Nigerian Naira to US Dollar And with our daily summaries, youll never miss out on the latest news. Nigerias external reserves stood at $37.19 billion as of 20th January 2023, representing a decrease of 0.03% from the $37.20 billion recorded as of 19th January 2023. A sum of $48.09 million in FX value was traded at the I&E window on Tuesday, which is 11.55% lower than the $54.37 million that exchanged hands in the previous session. Nigerias external reserves however, stood at $37.2 billion as of 9thJanuary 2023, representing a0.09% increasefrom the $37.16 billion recorded as 6thDecember 2022, indicating a fourthsuccessive increase in the nations reserve level. On the other hand, the exchange rate at the cryptocurrency P2P exchange improvedmarginally onThursday morning to trade at a minimum of N746.48/$1, an 0.02% appreciationcompared to N746.6/$1 recorded as of the same time on Wednesday. Hold over 20 currencies. This is according to information from black market FX operators who spoke to Nairametrics. The local currency opened at N770.00 per $1 at the parallel market otherwise known as the black market today Monday, 20th February 2023, in Lagos Nigeria, after it closed at N770 per $1 on Sunday, 19th February 2023. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. Nigerias external reserves however, stood at $37.2 billion as of 10thJanuary 2023, representing a0.02% increasefrom the $37.19 billion recorded as 9thDecember 2022, indicating a fifthsuccessive increase in the nations reserve level. Naira appreciated slightly against the US dollar on Wednesday, 15th February 2023, trading at an average of N755/$1 at the black market compared to the previous average of N756/$1. Nigerias external reserve stood at $37.09 billion as of 29th December 2022, an increase of 0.04% from the $36.08 billion recorded as of the previous day. Also, the exchange rate at the investors and exporters (I&E) window depreciated marginally to N462/$1 following a streak of stability for three consecutive days at N461.5/$1. Meanwhile, Nigerias external reserves stood at $37.208 billion as of 17th January 2023, representing a decrease of 0.006% from the $37.210 billion recorded on 16th January 2023. Nigerian Naira to South African Rand conversion Last updated Feb 27, 2023, 17:44 UTC Convert Nigerian Naira to South African Rand Convert South African Rand to Nigerian Naira NGN to ZAR Chart +9.81% (1Y) 1 NGN = 0.0399766 ZAR Feb 27, 2023, 18:01 UTC Meanwhile, the naira depreciated against the US dollarat the official investors and exporters (I&E) window to close at N461.67/$1 on Wednesday, 4th January 2022, a0.15% depreciation from the N461/$1 recorded on Tuesday. Furthermore, an exchange rate of N462/$1 was the highest rate recorded during intra-day trading before it settled at N461.25/1, while it traded for as low as N440/$1 during intra-day trading. January 2023, from N461.67/$1 recorded in the previous trading session. On the other hand, the exchange rate at the P2P cryptocurrency Exchange depreciated on Wednesdaymorning, trading at a minimum of N748.95/$1, a 0.96% depreciation compared to N741.79/$1 recorded yesterday. The opening indicative rate closed at N460.25/$1 on. 20 Billion NGN to USD - Naira to US Dollars As of today at 04:00AM UTC twenty billion naira is equal to $43,427,281.02 (USD) or forty-three million four hundred twenty-seven thousand two hundred eighty-one us dollars 2 cents. You always get the best exchange rate with Wise, whether you send, spend, or convert money in dozens of currencies. Forex turnover however decreased by 43.49% on Tuesday to $85.04 million, from $150.49 million that exchanged hands on Monday. The exchange rate at the official market closed at N461.5/$1 on Friday, 20th January 2023. provides the information in its best way. This chart will allow users to see the NGN/USD oscillation, and look at last year's data. A sum of $198.6 million in FX value exchanged hands at the I&E window on Monday, which is 175.15% higher than the $72.18 million that was traded in the previous session. This is according to information from black market FX operators who spoke to Nairametrics. On the other hand, the exchange rate at the cryptocurrency P2P exchange depreciated marginally by 0.10% on Monday, 6th February 2023 to a minimum of N745.77/$1, as against N745/$1 recorded in the previous trading session. Over the last 7 days, the best beneficial exchange rate was $43,572,984.75. Simply type in the box how much you want to convert. Our smart tech means were more efficient which means you get a great rate. Notably, a total of $151.26 million was traded on Wednesday, against the $117.63 million that exchanged hands in the previous day. The opening indicative rate closed at N461.5/$1 onFriday, 17thFebruary 2023. The exchange rate has remained unstable due to decline in trading activities amidst cash crunch and downtime in banking applications. The exchange rate at the official market closed at N461.1/$1 on Thursday, 9th February 2023, a 0.02% appreciation from N461.17/$1 recorded on Wednesday, 8th February 2023. The exchange rate between the naira and the US dollar at the black market remained flat on Wednesday, 1st March Excerpt: The exchange rate between the naira and the US Dollar traded at an average of N760/$1 on Wednesday morning, 1st March 2023 . Conversion rates US Dollar / Nigerian Naira. The nations external reserves stood at $36.679 billion as of Monday, 27th February 2023 from $36.698 billion recorded on Friday, 24th February 2023. Forex turnover increased by 292.3% on Thursday to $217.86 million, its highest daily volume since 21st December 2022. This is according to information from black market FX operators who spoke to Nairametrics. Furthermore, an exchange rate of N462/$1 was the highest rate recorded during intra-day trading before it settled at N461.5/$1, while it traded for as low as N440/$1 during intra-day trading. Nigerias external reserves recorded its first gain after eleven consecutive days of declines, The reserve level increased by 0.04% on Wednesday, 1st February 2023 to stand at $37.01 billion from $36.99 billion recorded in the previous day. China, which is set to go on holiday between the 21st and 27th of January will close trading activities during the period, hence prompting Nigerian traders to preorder goods ahead of the holiday. A sum of $74.58 million in FX value was transacted at the I&E window on Tuesday, which is 39.08% lower than the $122.43 million that was traded in the previous session. Conversion rates US Dollar / Nigerian Naira. Our currency converter will show you the current rate and how its changed over the past day, week or month. On the other hand, the exchange rate at the cryptocurrency P2P exchange market depreciated marginally by 0.09%to N755.9/$1on Thursday morning, 16th February 2023, from N755.18/$1 recorded in the previous trading session. Furthermore, an exchange rate of N462.55/$1 was the highest rate recorded during intra-day trading before it settled at N462/1, while it traded for as low as N423/$1 during intra-day trading. Rates are based on real time exchange rates. For the basic conversion, we use the midpoint between the buy . Compare us to your bank Send money with Wise. The opening indicative rate closed at N461.7/$1 on Wednesday, 25thJanuary 2023. CoinMill.com - The Currency Converter. According to FX traders, the downturn was expected at the beginning of the year, due to increased demands for foreign exchange in the country. The exchange rate at the official market closed at N461.67/$1 on Monday, 9thJanuary 2023, the same rate as recorded on Friday last week. Popular Nigerian Naira (NGN) Currency Pairings NGN to USD NGN to GBP NGN to JPY NGN to CAD NGN to AUD NGN to CHF NGN to CNY The world's most popular currency tools Xe International Money Transfer Send money online fast, secure and easy. For the basic conversion, we use the midpoint between the buy and sell rates of NGN to USD at currency exchanges across the globe. 20 USD. I must confess i got the perfect currency cnverter i was looking for here. The exchange rate between the naira andthe US dollar at the black market depreciated on Tuesday, 28th February 2023 by 0.26%to trade at an average of N760/$1, from N758/$1 recorded in the previous trading session. The opening indicative rate closed at N461.2/$1 on Tuesday, 24th January 2023. var size='300x250', Meanwhile, the exchange rate at the investors and exporters (I&E) window closed at N461.5/$1 on Tuesday, 16th January 2023, maintaining the same rateit recorded in the previous trading session. The exchange rate at the official market closed at N461.17/$1 on Friday, 24th February 2023, a 0.03% appreciation from N461.33/$1 recorded on Thursday, 23rd February 2023. The opening indicative rate closed at N461.5/$1 onWednesday, 1st February2023. The current exchange rate is equivalent to 0.00217. Also, the exchange rate at the cryptocurrency P2P exchange depreciated by 0.35% on Monday morning to trade at a minimum of N745.6/$1. 10 USD. Meanwhile, the exchange rate at the official investors and exporters (I&E) window appreciated slightly on Friday, 30th December 2022 to close at N461.5/$1, although it represents 5.7% downturn from 2022 year. A sum of $69.72 million in FX value was traded at the I&E window on Thursdaywhich is 22.14% lowerthan the $89.54 million that exchanged hands in the previous session. On this page you can find out how much cost any amount of USD in other currency. Similarly, the exchange rate at the P2P cryptocurrency Exchange strengthened on Thursdaymorning, trading at a minimum of N743.79/$1, a 0.69% appreciation compared to N748.95/$1 recorded in the previous day session. This is according to information from black market traders who spoke to Nairametrics. Nigerias external reserves stood at $37.201 billion as of 19th January 2023, representing a decrease of 0.01% from the $37.205 billion recorded on of 18th January 2023. A sum of $151.26 million in FX value exchanged hands at the I&E window on Wednesday, which is 28.59% higherthan the $117.63 million that was traded in the previous session. Nigerias external reserves level decreasedby 0.09% on Friday, 3rd February 2023 to stand at $36.988 billion from $37.02 billion recorded in the previous day. The naira is the currency of Nigeria. President Elect Bola Tinubu; How will you address these foreign exchange challenges? 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