The naira continues to face pressure against major global currencies. As a result, traders and businesses closely monitor the daily exchange rates before making transactions.
Below is a comprehensive breakdown of today’s exchange rates for major currencies against the Nigerian naira.
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Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,390 – ₦1,398 | ₦1,445 – ₦1,460 | ₦1,394 |
| Euro (EUR) | ₦1,510 – ₦1,525 | ₦1,660 – ₦1,690 | ₦1,675 |
| British Pound (GBP) | ₦1,820 – ₦1,840 | ₦1,950 – ₦1,980 | ₦1,930 |
| Chinese Yuan (CNY) | ₦192 – ₦195 | ₦205 – ₦210 | ₦200 |
| Japanese Yen (JPY) | ₦9.6 – ₦9.9 | ₦10.4 – ₦10.8 | ₦10.2 |
| Canadian Dollar (CAD) | ₦1,030 – ₦1,050 | ₦1,110 – ₦1,140 | ₦1,095 |
| Swiss Franc (CHF) | ₦1,520 – ₦1,540 | ₦1,620 – ₦1,650 | ₦1,605 |
| Saudi Riyal (SAR) | ₦368 – ₦372 | ₦385 – ₦395 | ₦382 |
| UAE Dirham (AED) | ₦372 – ₦378 | ₦390 – ₦400 | ₦388 |
Market Notes
The official exchange rate reflects transactions conducted through banks and the Nigerian Foreign Exchange Market regulated by the Central Bank of Nigeria.
Meanwhile, the parallel market rate, commonly known as the black market rate, reflects prices offered by Bureau de Change operators across major Nigerian cities.
The mid-market rate represents the global benchmark used by international currency platforms and excludes dealer margins.
Because the foreign exchange market is dynamic, rates may change several times during the day depending on supply, demand and market liquidity.
Nigerian Naira exchange rates today.
Stay with Sojworldnews for daily exchange rate updates, economic analysis and breaking financial news.
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