US Dollar to Naira exchange rate is ₦463 in Nigeria Lagos Parallel Market today, October 21, 2020. Initial Dollar rate was noted as ₦462 at the beginning of this week on Monday, October 19, 2020. This corresponds to a 0.22% rise for USD this week.
When we look at the whole month, we see that US Dollar to Naira exchange rate was ₦465 on Thursday, October 01, 2020 at the beginning of October. With USD being traded at ₦463 now, we see a 0.43% fall for Dollar to Naira exchange rates for this October.
what causes dollar to be rising everyday
How can you use payooner to to exchange at 462
You can imagine, Nigeria they say is the giant of Africa, even Ghana is better.Because things are not done in the right way, how can dollar be falling our naira then those at the top will just feel less concern, its not good at all.Let us wake up and fight for our right, infact i want naira to rise against dollar ( N1 should be $100 in Nigeria) by the grace of God, it will be like that.
I pray for dollars to low, for Naira to have value , bcos rise indollar bring problem to economy
@Andybest even if you’re not a citizen of the country or you’re benefiting from the rise in dollar you shouldn’t pray for it to rise that mush just for your own selfish interest, majority of people are suffering in the country and rise of dollar will just lead to many deaths.Don’t be heartless please, may we all survive and may almighty make Nigeria great :)
When did Nigerian naira be equal to dollar as it's before?
Can dolar decrease to 360 in this year again?
I pray that dollar will go back to 360
If nothing is done to cushion the effect of dollar rise against Naira, our Naira will continue to depreciate, inflation will rise and Nigerians will suffer more.
I pray let 1 dollars increase to 700 per dollars
dollaar has gone far as it can all that remain is to draw back in price
Dollar should go higher for my investment to be double
@SamrexBitcoin by far. The high volatility gives you opportunity to make a nice income, but you have to be patient. Volatility in Forex is almost infinitely smaller, so you need either high leverage or high initial deposit to be able to make anything. The problem with high initial deposit is that most people simply don't have that kind of money. The problem with high leverage is that it exposes most of your capital, to the extent that it can easily be lost within minutes.
@SamrexThe current spread in bitcoin is currently about 20%. As long as you have the patience to wait to hit resistance/support levels, you can expect about that much return every month.
Please wer can i easily exchange my dollar to naira without any compromise
If dollar like let it increase to 2k per dollar.. Lion know go chop grass.. Lol.. God know go shame me
it looks like USD is heading to 500N then stabilise
On what base the CBN will disburse dollar in a cheaper rate so that to easy the high inflation of price. My name is alhaji Ali Abdullahi kano .
My own contribution to this issues is that, we all know that, Nigeria is bad or ready, so let dorlla raise up so that Nigeria we get sense.
why all this increase of dollar
Can 70k start up Bitcoin and when will it start yeilding profit??
Please between Bitcoin and Forex trading which one is more productive and faster bcoz I'm tired of this country 😭😭😭
Nigeria naira is in stage of rapid depreciation and weakening against foreign currency dollars in particular. We need sudden economics team for the revitalization of our naira.
@klainn sell where you bought it
Nigeria government is expecting some borrowed money from international lenders, meaning Naira will still fall. Crazy FX policy by CBN, make dollar demand higher and Naira is chasing few dollars available
Will this Naira still rise or should we change the small $500 we have now?
where can I exchange my ethereum for naira...
Why are you cheering for dollar rise? You should be wishing that dollar come down to what it used to be couple of decades ago.
Don't really know at abujee.. but I got a strong feeling it's going to fall..
Sharp fall a few weeks ago, regain some value last week, what to expect this week
Monday it will again
Dollar I need you to rise
I want to exchange my dollars where can I exchange it?
Chill Dollar will still go up with the current situation of the country ok..
Make dollar kum down, I want travel out naija. Atleast, my 1million make I fit get 2000 dollars.
I'm confused now...is like dollar is going down, 462 now...what should I doSell? Or should I leave it...
Nigeria might get bankrupt soon
before December, the naira will likely be sold for 500 against the dollar
Locals productions is vital but the recent depleting of naira is attributed to the falls of oil prices.
There would be some sort of marginal peak in naira value this new week, before the dollar rises again to 460+
Its going to 460 by the end of the day
The value of naira is too low why
Very soon Nigerians will be importing Garri from thailand and other Asian countries. Thailand don't consume Garri but they produces more cassava Plantation than Nigeria. If Cow were allowed to destroy farms in thailand, do you think thailand will be among the world Rice producers.The answer is NO.
Due to the failures in all the sectors.The prices of things will be very very high .Dollar to Naira Exchange rate will climb up to 750 Naira before April 2021. Local basic food items are becoming too expensive due to Bad roads and constant destructions of Farm land by Cows . Many Rurual people are abandoning farming businesses due to Fulani herdsmen attacks throughout the country. The food baskets of the country has collapsed
Ahhh it down today please go up
Wow let the dollar keep rising. I wanna double my dollars 🤗💃💃
Hmm what else can i say but if you believe in this country you are just as void as the country. Invest your money in bitcoins and save from all the stress because from my predictions. The country economy is going down everyday, our money is depreciating immensely. Time to be wise. Soon going to 500!
@Aloma. Effective and Efficiency are not the same
dollar going up again, it is well
The problem is not in the hand of our patriotic president, we should pray to see the end of coronavirus soon.
Water don pass garri oooh.I told you guys not to panic and you people did. Those that bought your money for less will come back selling for something.I said here that oil prices will drop and it will extend till next year meaning our naira will suffer heavily btw now and march next year.Niara has no stored value.The problem we are facing is as a result of a deliberate poor planning. Subsidies removal will not save us rather,it will compound the problem the more. The only solution is oil going back to pre-covid 19 state and it can only get there in 3-4yrs time. Meanwhile,investors will depart in droves and you will see how the niara will crash btw now and march 2021. our situation is very bad..
Kasala don bust o ,this evil currency known as dollar is rapidly going up again o , please buhari help us out o.
Apparently, the CBN's recent resumption of sales of forex to BDCs isn't injecting enough liquidity in the parallel market to curb hoarding and speculation. Until the CBN is able to provide BDC operators with sufficient amount of forex to meet market demands, round-tripping and depreciation of the naira in the parallel market are likely to persist in the medium term.
The rate is already too high and fewer people can afford to buy, a drop in rate is very likely. It's better to sell now.
Will dollar still fall
According to geographical observation and currency bar dollars shall not be fall in this year, but it might be fall on January or February.
Please guys where are they selling it
From the previous statistics the dollar will going to rise probably this week or next week up to 460-470 but unfortunately we have been noticing that the price is not plactuating anymore.plz is there any prediction about the rise up of the dollar this month?
I will wait till end of week so I will know way to follow
As international flights begins now dollar we come down to 3+ so if u have dollar better sell it now.
Is better it go down because its affecting our business.
I'm happy naira is gaining power
How is dollar for now
Dollar will go down the more by tomorrow but my advice is "do not sell your dollar now, keep calm it will rise before the end of next week
At least this is better than 480....i wish it goes back to 360
Don't rush to sell your dollars bcs ppl traveling abroad will be mad looking for it in few days.
Wath, is too much, why is it like that.
Now is 435/$1
Sell your dollars for the last time
There's no 2 ways magic to this all.The nation is just about to partially open up for full business and international traves, think about it what will happen when pple start travelling as usual with 9ja current economy and low sales n our crude oil, You will experience a sudden sharp rise in the dollar xchange rate to the Naira. This the main reason 4 the sharp drop in Dollar to Naira. However, it was done on purpose by CBN with the announcement of selling Dollars to BDC (which caused the panic in any way) and would not be able to match up with Dollar demand later causing the surge to come. Just a way to slow down the coming surge. Advice: Hold your Dollar tight a little while and you will see what will happen. Remember, 9ja is really not making foreign exchange in anything as compared right now.
Hope it falls even more getting to N380 to 1 dollar
Somebody to teach me how to trade forex?!!
Leets wait for the CBN to start the sale to BDC. Before the CBN was selling 20T to every BDC four times in a week, that makes it 80T in a week. Now they are going to sell 10T to BDC twice a week making it 20T a week. Moreover, the business men who were making dollar requisition more than the really needed were involved in round tripping, coming from behind to fund the parallel market. But now the CBN is going to monitor them and the prices they quote that make them collect more than they need. This simply means that source of funding for the Parallel would dry up. There may not be enough dollar at the end of it all. Let's wait and see what the market would look like after one week of CBN sales to BDC. If I had dollar I would not rush to sale much for now because after a little time now the dollar would appreciate to 450, then 460 plus. With Nigeria not getting enough from oil sales and the pressure on the foreign reserve due to interest loan/debt payment coupled with the pressure to devalue the naira more, the stage looks set for the naira to deep further in the coming months, by next year precisely. Trade cautiously.
No better sell your dollars now
Can dollar still rise against naira ?
Let dollar fall the more
Dollar is going to 380# sell now
Very good to see our currency getting strong but I don't know whether it can continue like because of lack of enough dollars to sustain it.
I think is advisable to sell ur dollars now
@Iroro. A reverse??? Yes, the amount being supplied to BDC is small, but expect gradual and steady increase in FX supply to BDC. The price of oil is gradually getting to pre-COVID levels, as well as ease-up of business restrictions. There is no reason to expect reverse. Within 2 weeks from now, the $$ will be selling for 400 Naira.
I hope to see Naira appreciating to 380/$1 by the end of the week
I can't wait to see dollar slump to 386
Please it came as a shock that I can't withdraw the 100 Euro inflow in my GT bank account from the counter last Wednesday. Please anyone has an idea how I can get the money out in cash. I was told transfer can only be transferred and cash deposit can only be cashed. Thank you!
390 before end of the week
By the time CBN subtracts 6.5 billion dollar from its current 35.6 billion dollars you will understand the true position of things. The 6.5billion dollar forex backlog demand and dividends . Government has no money. You guys should not get scared. If you panic, you will lose your money. Dollar value is far more than what it is now.
What happened and how is it going to be by next week?
No need to rush in selling now,wait till Friday....best advice but you know we're still in Nigeria where nothing is at it seems
All these ones CBN I doing now is just medicine after death,and they are not even administering the correct dose of the medicine,imagine supplying only 20000 every week to each BDC operator,and just one customer will be demanding for more than that,so let's see how it will play out
Nonsense!! Such a big decrease!! Rubbish!!! You guys can do better
The rate is changing rapidly but I see it taking a reverse soon.
I seriously share your view @the Paradox. The great decline in dollar this morning should send a great danger to thos who are still hoping it will rise. As for me and my household. I am discarding the currency latest tomorrow. To others my candid advise is that you should sell off now and then buy dollar again when it finally drops drastically. In that way, you wont be a loser.
You better sell your dollars before end of week. CBN has started supplying FX to BDC again. Surely I don't have to remind about what happened the last time the Apex bank suddenly shocked the market in such manner.
is it safe to sell your dollars now???, because the rate is dropping already
For me I will wait till December to sell off my Dollars
With the decision of the CBN to sell dollars to BDC at the official rate, in days to come. Is it reasonable for me to sell my currency now? I don't want to be caught up. I'm not trading, I just held my cash in dollars.
Yeap Nigerians should be hopeful inspite of all going on around us on dollar and naira cos the inflation is alarming and also it keeps the rich richer and the poor poorer and they keep on complaining each day. cryptocurrency is the way out now.
Why the sudden rise of dollar?
Please let the it continue to raise because it plays in a favourable way.
Wow..!! The inflation in dollar rate is really alarming But! Thank God, I'm not Troubled but Doubled..!!
Naira is getting low everyday by day, i dont knw why 4 christ sake, Nigeria don tire me o, my brothers nd sister
Dollar dropping is not until next year by February
dollar to deflected
@TheParadox you are very correct.Is far best to keep money in cryptocurreny now than in bank.
It can go to 2000 Naira for all I care. My money comes from outside country as BTC and keep most of it that way, so I no longer have to pay something called "with-holding tax" and a sundry list of other ridiculous charges. Cryptocurrency is the future people, start thinking outside the box and outside this comatose country.
Things will get worse before it gets better. Niara will range btw 700 and 750 b4 it finally settles at 550 officially. The law of demand and supply just playing out
We dollar to be deflated
Wow the rate at which dollar inflate now is alarming.
Why the value of naira is getting low?
don't sell your dollar yet.it will appreciate further.oil price will fall below 40 dollar this third quarter. professional advice.
The rate at which the Naira value depreciates is becoming unfathomable.
I am very much suprise why dollar is always sky rocket in Nigeria and the government is fully conversant for the single breathing of dollar in any given time the government should decide better
Dollar to Naira exchange rate will not go more than what we have on ground now.From now on it will start dropping and possibly go below 400 naira for a dollar by the end of the year.God Help Nigeria
what is going on?
am curious from the bahamas. what is the us dollar value to be converted. can us dollars be used to purchase or you must exchange to naira?
No much economy activities due to Covid effect and Dollar still rising against Naira..... when economy activites resumes and the massive dollar demand ...where would our Love Naira be against Dollar.
What is the next plan for The C. B. N. naira will continues falling?
Our leader care less about dollar rising against naira, and this will affect our economy greatly. I can see it rising over N500
Okay no problem
God bless nigeria, dollar rising again?
Dollar is now affecting economy now
How can I exchange my dollar with this exchange Rate ₦472.00 or ₦466.00
The increase rate in US dollar against naira is becoming awful
I said it before and am still saying it that will not go below 460 again till after this year
Where are we going up or down
The rate Dollar is beating Naira soon Nigerian currency will be abolished and Nigerians will only be using borrowed money because is of no use having valueless money that makes the citizenry to suffer more...
well this is becoming unseemingly fair because all this increase in dollar rates will affect people in awfull ways and if this continues it will definetly turn out bad
For sometime now the peak of the dollar to naira exchange rate has been pegged at 460. I see the shattering of this threshold soon. Once it breaks loose, then expect the rate to skyrocket more.
Please, as a first timer in doller, how can should I approach the black marketers and not to show him that am new, just to avoid him cheating me and to get the best price
@qwaaro I don't think this is possible again
wowwwww, wish i can make use of this opputunity
Which parameter are they using and why is the naira going down why all transaction is done with naira in Nigeria ?
i hope one dollar to become 1 naira one day
For sometime now the peak of the dollar to naira exchange rate has been pegged at 460. I see the shattering of this threshold soon. Once it breaks loose, then expect the rate to skyrocket more.
No sign of it coming down, our government policies don't help it to either stabilize or decrease
I hope it'll come down
Dollar will not come down below 450 again till after this year
Forget the rhetorics of cbn selling dollar to bureau de change to drive down the cost of that currency. It will not work. They know it. It is as simple as the law of demand and supply
Debt owed to China is hanging on the neck of Nigeria and oil prices are low .To understand why naira will always depreciate, ask yourself what percentage of Nigeria's oil revenue is used to service foreign debts and what does Nigeria offer the world in terms of industrial production in order to earn dollar. This country is doomed to perpetual frustration and the burden will be heavier on the future generations of this country
What's really happening in this country?
2009 dollars is now been rejecting in the market, if you have it bring it out now soon it will be hard to sell it,
Please which application or software should I installed to get dollar at low rate
CBN is not helping the NAIRA by now they should start selling to BDC. Everything about CBN is audio
I want to buy goods from a importer,am scared if I should buy in large quantity that the dollar may go higher or I should buy in low quantity it may low? Please my people I need your advice
When is CBN going to disburse dollar?
Please can I sell my dollers to some one I am loving in sokoto state he in Lagos because the price in Lagos is better then sokoto state,?.
I see the dollar skyrocketing more but I can't predict when. My prediction hinges on the ongoing COVID-19 pandemic. I see a more devastating effect on the economy soon.
Most online trf from USA to Ng is still 380. Who knows the best way to send actual dollar from usa to Ng. So that one can get the best black market exchange rate
How can I purchase dollar in the black market online
It's very high
Would the value of dollar sky rocket between June and july
How much is dollar today Pls I need answer
Please which software that you can send dollar to naira into my bank account anybody that have suggestion please let me know
I think for those people that one sell the dollar should be sell for another person so they can make their own money sharp sharp don't keep the dollar too long because they can have any problem at any time thanks IBB
Abeg if u can let's d dollar rate at 490 I'll be happy
Now that cbn and bureau de change will soon pump dollar into the market, the naira exchange rate will improve. Besides, oil prices have gone up
Abeg make dollar increase reach like 900
Dollar may not be able to increase than this rate
Will dollar rise to 500 naria Or will it go down
I thought CBN want to start selling dollars to BDC operators late of 378 so that they can sale 380
Pls, will the value of dollars increase in the next month June
Please can someone tell me what will be the fate of the exchange rate by June ending... I need professional advice pls...
To be honest, dollar exchange rate may not be higher than what we are experiencing now because most countries are about to open their economy now. Again, oil price is rising up.
Can you predict naira/dollar rate for the next one month
@Dele good evening, you can click the "Year" button above the chart and see rate for any date by clicking on the date you want for the last 365 days
Can dollar rise more
good evening, please is it possible for me to see history for black rate fir dollar from January 2020
I want to be one of those markers selling dollar
Please how much is dollar today?
It's still rising ooo.I will still save my Money.....
can anybody kindly explain to me where we are heading to as a country with niara at 460.what will happen to niara by june and july.i just dey ask my pipo
you can not really predict but I think naira to dollars @ 445 and 450 there about in de black market is a stable price for now. Although, if businesses picked up by next week after sallah there might be pressure on naira to depreciate de more. So, the choice to sell or buy is yours. Any which way, one may not loose.
I need professional advice on either to sell dollar now or hold for few more weeks for more gain?
started saving your dollar as at last year... Next time make sure you maintain a dollar account... Farewells bra..
Hello Angelize, I think it's good change now, at least dollar/naira rate is really high as it is now.
I have like 500 Dollars I have been saving since last year. Please is this Dollar going to rise, or should I change it now. ? Your advise needed pls.
If I buy dollar at 445 today is there a change I will profit from it in 2 weeks time due to pandemic
Please I want to change my old dollar bills, where can I change it?
I want to change my Dollars where can I change it
@ Whyte, its sure going to go up. when pressure mounts on the naira in the coming weeks as businesses tries to kick start again. Besides CBN is likely going to officially devalue the naira to enable them attract the needed foreign portfolio investors
Please is the dollar rate to Naira going to appreciate?I want to know, maybe it's better I sell my dollar now before the rate drop back to 360..
Please on 30th April I changed 100 dollars to naira and what I got was #36,700 but on on 27th April what I got was 44,677 at the same rate. I don't understand.
Keep your dollar, soon the rate is going to hit 550 in 2 - 3 weeks time or less..
How long do you guys think is best to keep dollar currency, before sale in order to maximize gain.
What can CBN do now, what is the next line of action
How can the NGN not depreciate, with the Government, the major provider of FX in the economy suffering a massive plunge in FX revenues due to the drop in oil prices to a decades-long low? It has to be so in the parallel market whether or not the Govt officially devalues the Naira, and it may have to do so eventually anyway. Why? Because it can’t attract FDI at current official exchange rate. Plus, it needs to raise more Naira from the now much reduced FX it earns from oil in order to finance its budget, which has now been revised to a crude benchmark price of over $30. Since the revision, oil has been selling at below $30 per barrel, closer to $20. This is compounded by the fact that the other key revenue sources, namely, taxes and import duties will also plunge due to the ongoing Pandemic, as imports are not happening and businesses that are supposed to pay the bulk of the taxes, are counting their losses. The prognosis of the oil market doesn’t show that oil demand would rise significantly any time soon as there is no certainty as to when the Pandemic would permit that. Trucks and other vehicles, which account for a estimated 40% consumption of goblin oil are off the roads, airlines are not working and factories remain shut. So, who needs the oil? Storage capacity is filled up globally. Expect the Naira to go to N500/$1 soon.
please where can I buy Australian dollars in Nigeria. Please it is urgent. Thanks
The best thing to do after covid19 lockdown is to have an investment in US dollars ....you can't go wrong.
What is the prospect of dollar to naira in the next 3 months
Wil dollar still rise more than this in some days to come
Sir I need to buy Dollar but am avoiding fake , please can you direct me to a reliable seller
is it possible that the dollar ll gain more value in days to come due to the covid 19 pandemic?
The effects of Covid-19. Above 6% rise from 360 to 385,is very depreciating. If not, it could pegged to 400 in coming days.
I Have 1LK UsD , I wanna sell it , how I can sell it
This indicates that the Naira is now stable against the major currencies. It may be indicative of a positive response of the CBN economic policy. Nigerians should be hopeful!
|1 Dollar to Naira||₦ 463|
|5 Dollars to Naira||₦ 2,315|
|10 Dollars to Naira||₦ 4,630|
|20 Dollars to Naira||₦ 9,260|
|50 Dollars to Naira||₦ 23,150|
|100 Dollars to Naira||₦ 46,300|
|200 Dollars to Naira||₦ 92,600|
|500 Dollars to Naira||₦ 231,500|
|1000 Dollars to Naira||₦ 463,000|
|5000 Dollars to Naira||₦ 2,315,000|
Dollar to Naira Black Market sell rates are used in calculating the Dollar to Naira conversion table.
|1 Naira to Dollar||$ 0.0022|
|5 Nairas to Dollar||$ 0.011|
|10 Nairas to Dollar||$ 0.0219|
|20 Nairas to Dollar||$ 0.0438|
|50 Nairas to Dollar||$ 0.1095|
|100 Nairas to Dollar||$ 0.219|
|200 Nairas to Dollar||$ 0.438|
|500 Nairas to Dollar||$ 1.095|
|1000 Nairas to Dollar||$ 2.19|
|5000 Nairas to Dollar||$ 10.95|
Dollar to Naira Black Market buy rates are used in calculating the Naira to Dollar conversion table.