An updated information on Dollar to Naira Black Market exchange rate 5 August 2022. This information also includes the dollar to naira CBN exchange rate for 5th August 2022.
First of all, the parallel market which is popular known as black market exchange rate has been experiencing price fluctuation.
According to some reporters and dealers, the fluctuation in the dollar to naira exchange rate in the parallel market is primarily dependent how much or less customers patronizes the dollar dealers.
Some dealers at the early hours of today which is 5th August 2022 reported a bit fluctuation in the market as the price per dollar to naira keeps going up and down.
Dollar to Naira Exchange Rate Black Market Today 5th August 2022
How much is dollar to Naira black market exchange rate today 5 August 2022?
The dollar to naira black market exchange rate for today 5th August 2022 is averaged at N670 per dollar at the parallel market.
Note: the dollar exchange rate at the black market does not have a fix selling or buying price. Different dealers buy and sell dollar at different rates.
For example, some dealers in cities like Uyo, Lagos, Onitsha, Port Harcourt, Abuja, Kano, Kaduna, Katsina, Enugu, Anambra, etc., experienced different exchange rate.
But according to the detailed reports from different sources which includes dealers on ngrates.com, dollar to naira exchange rate today 5 August 2022 ranges between N635 to N690.
- Exchange rate for 1st August 2022
- Exchange rate for 2nd August 2022
- Exchange rate for 3rd August 2022
- Exchange rate for 4th August 2022
- August 2022 Exchange Rate
- Euro to Naira Exchange Rate Today
Black market exchange rate breakdown:
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate Today 5th August 2022|
|Buying Rate||N640 – N670|
|Selling Rate||N645 – N680|
Dollar to Naira CBN Exchange Rate Today 5th August 2022
How much is dollar to Naira exchange rate today 5 August 2022?
The official Dollar to Naira CBN exchange rate for today 5th August 2022 is averaged at N417 per dollar.
CBN exchange rate breakdown:
|CBN Dollar to Naira (USD to NGN)||CBN Exchange Rate Today 5th August 2022|
Please Note: the CBN Exchange rate is subject to change at any time. For accurate and up-to-date data on the CBN dollar to Naira Exchange rate, visit the CBN exchange rate portal via https://www.cbn.gov.ng/rates/exchratebycurrency.asp
The Central Bank of Nigeria (CBN) does not recognize the parallel market (black market). All interested persons that want to go into buying and selling of dollar are advised to follow the CBN instructions and guidelines.