What is the current exchange rate of dollar to naira in the black market?

3 answers

• Dogan LeJun 15, 2023 · 2 years ago
  The current exchange rate of the US dollar to the Nigerian naira in the black market can vary due to the nature of the unofficial currency market. It is important to note that the black market exchange rate is typically higher than the official exchange rate. To get the most accurate and up-to-date exchange rate, it is recommended to check with local currency exchange services or online platforms that provide real-time currency rates. Keep in mind that engaging in black market currency exchange may carry certain risks and is not recommended by financial institutions.
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• RehamJun 14, 2024 · a year ago
  As an expert in the cryptocurrency field, I can tell you that the exchange rate between the US dollar and the Nigerian naira in the black market is influenced by various factors such as supply and demand, economic conditions, and government policies. It is advisable to exercise caution when dealing with the black market as it operates outside the legal framework. It is always recommended to use official channels for currency exchange to ensure transparency and legality.
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• José DuarteApr 13, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange platform, does not directly provide information on the exchange rate between the US dollar and the Nigerian naira in the black market. However, it is important to note that the black market exchange rate can be significantly different from the official exchange rate due to various factors. It is advisable to consult local financial experts or use reliable online sources to get the most accurate and up-to-date exchange rate information in the black market.
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