1 euro to naira black market

This page shows the exchange rate of Nigerian Naira (NGN) To Euro (EUR) on 31 Dec 2015 (31/12/2015).If you would like to view the current exchange rate of the currency pair, please visit Nigerian Naira (NGN) To Euro (EUR) Exchange Rates Today. (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. Dollar To Naira. Sell: ₦ 1 = € 0.00175; Buy: ₦ 1 = € 0.00172; Previous Day Comparison.

We added the most popular Currencies and CryptoCurrencies for our Calculator. The symbol of the Euro is € and it has an inflation rate of -0.6%. The official rate of the US Dollar $ to Naira according to CBN is N361. Forex turnover dropped by 72.4%, as the Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N394/$1 during intra-day trading on Monday, December 14. The Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N394/$1. However with this increase in prices of commodity and with the way Naira is depreciating, Salaries in Nigeria remain the same and at worst, companies are cutting down expenses and laying off their staffs as things get harder. However, the exchange rate against the dollar has remained volatile after the initial gains made, following the CBN’s resumption of sales of dollars to the BDCs. Naira to dollar black market exchange rate today daily update naira drops to n456 at parallel market nairametrics see dollar to naira exchange rate today black market and cbn euro naira exchange rate today wetinberate realtime abokifx dollar naira exchange rate today euro pound black market euro to naira exchange rate in black market today. TransferWise gives you the real, mid-market, exchange rate, so you can make huge savings on international transfers. Naira to Euro Black Market Rate. This level of hardship can result to depression and possible death by suicide. The supply of dollars has been on a decline for months due to low oil prices and the absence of foreign capital inflow into the country. Free online currency conversion based on exchange rates. The drop in dollar supply after previous trading day’s record increases reinforces the volatility of the foreign exchange market. 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. The rate had also closed at ₦565/€1 on Monday, December 14th 2020. The CBN official exchange rate of the Euro to Naira today is:. 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Top losing exchange rate is Dollar to Naira having a ₦ 1 fall to ₦ 475.00 as of 11/12/2020. The rate had also closed at ₦470/US$1 on Monday, December 14th 2020. Buying @ 1 Naira = 0.0555 Rand Selling @ 1 Naira = 0.0357 Rand Rand to Naira CBN Rate. Forex turnover rose significantly by 180.6% on a record dollar supply, as the Naira’s exchange rate at the NAFEX window appreciated against the dollar to close at N394.00/$1 during intra-day trading on Thursday, December 10. Daily exchange rate of Naira to other currencies today. It also sold for as low as N386/$1 during intra-day trading. Lagos dollar to naira black market rate today. The Euro is the currency used by countries found located in the Eurozone of continent Europe. ll 【€1 = ₦459.358】 euro to Nigerian naira rate today. (READ MORE: Naira stabilizes at black market as CBN continues its intervention in forex market). Okay Victor. The Euro occupies the fifth position in the list of the strongest currencies in the world today. The supply of dollars has been on a decline for months due to low oil prices and the absence of foreign capital inflow into the country. Enter your email address to subscribe to this blog and receive notifications of new posts by email. A: Today's exchange rate (460.8462) is higher compared to yesterday's rate (0). This was the same rate that it exchanged for on Friday, December 11. And thanks for sharing your great posts every week! READ: Ethereum yearly gains up by 279%, nears $600. 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 … If your Bureau de exchange rate goes below the sell rate here or above the buy rate here, don’t do the … The CBN is still struggling to clear the backlog of foreign exchange demand, especially by foreign investors wishing to repatriate their funds. Buying @ 1 Naira = 0.00184 Euro Selling @ 1 Naira = 0.00181 Euro ; Euro to Naira CBN Rate. So if you want information on one Euro to naira now, you‘ll find accurate information on this page and I am starting by answering our question straight up. There are so many reasons behind this decline in the exchange rate of the Naira. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N390.25/$1. It, however, exchanged against the Euro at N235 at the BDCs, while it sold for N237 at the black market. As you go about transacting, let's give you a few hints and fact about Euro. Selling We used 0.002229 International Currency Exchange Rate. However, the exchange rate for foreign currencies is strange to say and anyone could wonder how you can justify such FX rate in our country: Nigeria. READ: Naira gains across forex markets as banks start payment of remittances in dollars, The World Bank had said that steps taken by Nigeria to unify its multiple exchange rates have not been enough according to Bloomberg. Converted to. The opening indicative rate was N392.55 to a dollar on Monday. This corresponds to 0.21% fall compared to previous day. 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. The Naira against the pound at the BDCs and black market sold for N307 and N314 respectively. The rate had also closed at ₦540/€1 on Tuesday, November 17th 2020. The euro is the official currency of the European Union and its territories. 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. That will be the death of Naira. READ: Naira gains big at black market as CBN targets $2 billion monthly from IMTO. Price for 100 Euro = 45626.2936 Nigerian Naira The worst day for conversion of 100 Euro in Nigerian Naira in last 10 days was the 14/09/2020. You’d have to check the site to find out about the current conversion and rates. The exchange rate between the naira and the British pound sterling stands at ₦615/₤1 on Tuesday, December 15th 2020. However, the Naira crashed again to an over 3-year low against the dollar, closing at N500/$1 at the parallel market on Friday, November 27, 2020, as a recent circular seen by Nairametrics suggests that the CBN has devalued the exchange rate between the dollar and the Naira sold to the BDCs from N384/$1 to N390/$1. The sharp increase in dollar supply after the previous trading day’s drop reinforces the volatility of the foreign exchange market. Some members of MPC of the CBN have expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. See table below for parallel market exchange rate dating to 2019. The most trusted platform to get the live exchange rates. Forex turnover dropped by 52.2%, as the Naira’s exchange rate at the NAFEX window appreciated against the dollar to close at N390.25/$1 during intra-day trading on Friday, November 27. ₦462.61 Live Exchange Rate. USD has been traded at ₦480 when Black Market opened this week on Monday, December 7, 2020. 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. 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. 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. This week on Black Market. Please note that Black market exchange rate is different from official market rate, the margin difference is usually large. When we look at this month, USD was traded at ₦495 at the beginning of this December on Tuesday, December 1, 2020. The average daily forex sale for last week was about $169.93 million, which represents a huge increase from the $34.5 million that was recorded the previous week. 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. The N400.37 to a dollar was the highest rate during intra-day trading before, it still closed at N390.25 to a dollar. It also sold for as low as N383/$1 during intra-day trading. Published. Euro to Naira Black Market Rate. Chike is a senior member of the Nairametrics Editorial Team. The US dollar stands at ₦470/US$1 in the parallel market. 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. A big fan of Manchester United Football Club. Our website is made possible by displaying online advertisements to our visitors. 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. READ: CBN Governor discloses why they amended procedures for receipt of diaspora remittances. Also read: Dollar to Naira Exchange Rate Today (Black Market and CBN). 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. Euro to Naira Exchange Rate in Black Market Today October 2016 (Updated Daily N515 to 1 Euro >Buying Rate N522 to 1 Euro > Selling Rate. The supply of dollars has been on a decline for months due to low oil prices and the absence of foreign capital inflow into the country. It is very clear that hardship is gripping this nation called Nigeria. READ: CBN expects $24bn annual diaspora remittances – Emefiele. This represents an N3 gain when compared to the N393.25/$1 that it exchanged for on Thursday, November 26. The countries that make use of the Euro currency include; Austria, Belgium, Germany, France, Finland, Estonia, Italy, Greece, Malta, Portugal, Netherlands, Spain, Slovakia, Slovenia, Luxembourg, etc. It also sold for as low as N385/$1 during intra-day trading. NAFEX: The Naira remained stable against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N394/$1. Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira appreciated against the dollar to close at N475/$1 on Friday. 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. Notify me of follow-up comments by email. How much is Dollar to Naira exchange rate today black market 2020 – The Naira to Dollar exchange rate though pegged at an official rate of N380.5 per $1 had been at what could be described as freefall in the black market. This is to boost the supply of dollars in the foreign exchange market and reduce the high demand for forex by traders. The symbol for Euro is € and the exchange rate of Euro to Naira in the black market in Lagos today is. This represents a 13 kobo drop when compared to the N392.79 that was recorded on Wednesday. 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. 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. This represents a N1 gain when compared to the N476/$1 that it exchanged for on Friday, December 9. Records have it that as of 2013, more than 210 million people worldwide had traded with the Euro currency. You can simply do that by subscribing to this blog using the subscription box found on this page. The opening indicative rate was N388.70 to a dollar on Friday. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday, closing at N394/$1. The increase in record dollar supply after some previous trading days drop reinforces the volatility of the foreign exchange market. He has worked in research and marketing departments of three top commercial banks. History of exchange rate: Thursday, 08/10/2020 — Thursday, 15/10/2020. On this page, access daily Naira to Dollar exchange rate for both the parallel market (black market) and the CBN.. READ: IMF urges Nigeria to increase monetary reforms to boost balance of payments. However, this movement was a wrong one as it depreciated by N2 or 0.43 per cent to settle at N465/$1 in contrast to N463/$1 it … Chibuzor Aguwa is an Article Writer, ICT Specialist and an Online Entrepreneur. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. Also, the Naira appreciated marginally against the dollar, closing at N475/$1 at the parallel market on Friday, December 11, 2020, as the CBN’s intervention continues on a record dollar supply. 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 USD is being traded at ₦476 in Black Market(Lagos) today, Sunday, December 13, 2020. Additional N1million to its price. 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. Some members of MPC of the CBN had expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. 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. Rand to Naira Black Market Rate. The Naira extended gains into a second day on Thursday, December 10, appreciating by N2 against the US Dollar at the black market to close the day at N476/$1 in contrast to the N478/$1 it traded on Wednesday.However, the Naira wasn’t lucky against th 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. May we never reach a time where will have $1 equals to N1,000. Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira depreciated against the dollar to close at N500/$1 on Friday. Your email address will not be published. The Naira crashed again to an over 3-year low against the dollar, closing at N500/$1 at the parallel market. The black market exchange rate for 1 NGN Nigeria to USD $ is also referred to as the parallel market rate. 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]. Reinforces the volatility of the foreign exchange demand, especially by foreign investors wishing to their! Sell: ₦ 1 = € 0.00175 ; Buy: ₦ 1 = € 0.00172 previous! 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