The table compares the official market rate, the parallel (black) market rate, and the
mid-market indicative rate used in global foreign exchange markets.
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Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,380 – ₦1,395 | ₦1,415 – ₦1,430 | ₦1,394 |
| Euro (EUR) | ₦1,590 – ₦1,610 | ₦1,660 – ₦1,690 | ₦1,606 |
| British Pound (GBP) | ₦1,840 – ₦1,870 | ₦1,920 – ₦1,960 | ₦1,866 |
| Chinese Yuan (CNY) | ₦190 – ₦195 | ₦200 – ₦205 | ₦198 |
| Japanese Yen (JPY) | ₦9.9 – ₦10.2 | ₦10.5 – ₦10.8 | ₦10.3 |
| Canadian Dollar (CAD) | ₦1,010 – ₦1,030 | ₦1,080 – ₦1,110 | ₦1,060 |
| Swiss Franc (CHF) | ₦1,560 – ₦1,590 | ₦1,630 – ₦1,660 | ₦1,605 |
| Saudi Riyal (SAR) | ₦365 – ₦370 | ₦380 – ₦390 | ₦372 |
| UAE Dirham (AED) | ₦370 – ₦375 | ₦390 – ₦400 | ₦378 |
Market Notes
The official rate represents transactions within the Central Bank of Nigeria (CBN) regulated foreign exchange market.
Meanwhile, the parallel market rate reflects prices offered by Bureau de Change operators and street-level currency traders.
The mid-market rate is the global benchmark used by international foreign exchange platforms.
However, it usually excludes local premiums and transaction charges.
Exchange rates may fluctuate during the day depending on market demand, liquidity, and global economic conditions.
Readers should confirm rates with banks or licensed Bureau de Change operators before completing transactions.
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