As of May 08 2024, the black market exchange rate for Dollar to Naira is Buying Rate: ₦1,380.00 per US dollarSelling Rate: ₦1,400.00 per US dollar
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As the economy
continues to fluctuate, keeping abreast of the latest exchange rates is essential for individuals and businesses alike. Today May
,2024, we delve into the various exchange rates offered by prominent financial institutions alongside the prevailing black market rate.
Black Market Exchange Rate:
At the black market, the dollar to naira exchange rate stands at:
- Buying Rate: ₦1,380.00 per US dollar
- Selling Rate: ₦1,400.00 per US dollar
First Bank presents a uniform rate for both buying and selling US dollars:
| Rates | Amount (₦) |
|---|---|
| Buying Rate | ₦1,380.00 |
| Selling Rate | ₦1,400.00 |
GTBank Dollar (USD) to Naira (NGN) Exchange Rate Today:
Guaranty Trust Bank (GTBank) offers competitive rates for buying and selling US dollars:
| Rates | Amount (₦) |
|---|---|
| Buying Rate | ₦1,350.00 |
| Selling Rate | ₦1,360.00 |
Access Bank Dollar To Naira Exchange Rate Today:
Access Bank's exchange rates for USD to Naira transactions are as follows:
| Rates | Amount (₦) |
|---|---|
| Buying Rate | ₦1,609.13 |
| Selling Rate | ₦1,608.13 |
UBA Naira Rate for 30th April, 2024:
United Bank for Africa (UBA) provides a diverse range of exchange rates for various currencies:
- USD: ₦490
- INR: ₦0
- EUR: ₦566
- GBP: ₦622
- CAD: ₦316
- AED: ₦119
Each financial institution's exchange rate reflects various factors such as market demand, supply, government policies, and global economic conditions. It's crucial for individuals and businesses engaging in currency transactions to consider these rates carefully to optimize their financial dealings. Stay informed and make informed decisions in the currency exchange.
