Rand to Naira Black Market Rate
Rand to Naira Black Market (Lagos) Sell Rate Chart
Rate unavailable
Rand to Naira Black Market Summary
Current reported ratesThe reported average suggests that buying 1 Rand costs about ₦27, while selling it back is quoted near ₦20. The ₦7 spread is the difference between those reported averages (2,592.59% of the sell rate).
Market movementThe reported sell rate is unchanged today. Over the last week it is unchanged. Across 30 days it is unchanged.
30-day positionLow: ₦45 · Current rate is ₦18 above it and ₦18 below the ₦45 high. · 100 Rand ≈ ₦2,700
Practical readingUse the sell rate to estimate the Naira needed to obtain Rand, and the buy rate to estimate what a dealer may offer when you sell it. Check the location and payment method before agreeing a transaction.
The averages are calculated from user-submitted comments, not confirmed dealer quotes. Rates may differ by location, cash or transfer method, transaction size, and time of day; compare multiple sources before trading.
How to Read These Rates
- Sell rate: the Naira amount quoted when buying Rand.
- Buy rate: the Naira amount quoted when selling Rand.
- Spread: the difference between the reported sell and buy rates.
Rate Comparison Details · Daily Comparison: ₦ 0 (0.00%). Compared with using the reported sell rate.
- Sell: ₦ 1 = R 0.05
- Buy: ₦ 1 = R 0.03704
Comment on South African Rand to Naira Black Market Rates
Disclaimer: NgnRates.com cannot guarantee the correctness or trustworthiness of information and contacts shared here. Please,DO NOT TRADE with users who comment here;use this platform only for data purposes.
Convert Rand to Naira in Black Market
| Rand | Naira |
|---|---|
| 1 Rand to Naira | ₦ 27 |
| 5 Rands to Naira | ₦ 135 |
| 10 Rands to Naira | ₦ 270 |
| 20 Rands to Naira | ₦ 540 |
| 50 Rands to Naira | ₦ 1,350 |
| 100 Rands to Naira | ₦ 2,700 |
| 200 Rands to Naira | ₦ 5,400 |
| 500 Rands to Naira | ₦ 13,500 |
| 1000 Rands to Naira | ₦ 27,000 |
| 2000 Rands to Naira | ₦ 54,000 |
| 5000 Rands to Naira | ₦ 135,000 |
Rand to Naira Black Market sell rates are used in calculating the Rand to Naira conversion table.
Convert Naira to Rand in Black Market
| Naira | Rand |
|---|---|
| 1 Naira to Rand | R 0.05 |
| 5 Nairas to Rand | R 0.25 |
| 10 Nairas to Rand | R 0.5 |
| 20 Nairas to Rand | R 1 |
| 50 Nairas to Rand | R 2.5 |
| 100 Nairas to Rand | R 5 |
| 200 Nairas to Rand | R 10 |
| 500 Nairas to Rand | R 25 |
| 1000 Nairas to Rand | R 50 |
| 5000 Nairas to Rand | R 250 |
Rand to Naira Black Market buy rates are used in calculating the Naira to Rand conversion table.
NgnRates Forum Topics
Martins - 12:19 02/10/2021
How much is 124ec in naira
Bio Herbs Coffee - 09:26 18/11/2021
Please who can make payment of MYR 27,243 for me into a Malaysian account? Convert to Naira equivalent and let's deal please.
Rukayya - 14:40 02/07/2022
Please who know how I can buy Russian rubles right now at 7.74 rate
Forexboy - 21:38 11/10/2021
Please provide information that you're sure of. GBP bank rate of any bank is highly welcome and appreciated. Thanks
Greg - 14:23 27/11/2021
Can someone tell how e-naira works, what is its exchange rate, how to buy it and why someone use it?
Hi how can receive Niara into a South African account?
R100
What is CAD to Naira?
How much rand to naira
No that much
Hi, how can I receive naira into a South African bank account? Is this possible?
Good day I have rand and also naira available To buy @38 naira And To sell@44 naira Address ikotun besides gtbank and first bank ikotun Serious people you can come for business 07088781001
Please what is the current rate to buy ZAR today, 19/12/2022