By Frank Ulom
Today, Saturday 17 February 2024, Converseer brings to you the official (CBN) and I&E and Black Market (BDC) exchange rate for United States Dollar (USD), Great Britain Pound (GBP), Euro (EUR), Canadian Dollar (CAD), Australian Dollar (AUD), South African Rand (ZAR), UAE Dirham (AED), Chinese Yuan (CNY), Japanese Yen (JPY), Swiss Franc (CHF), Saudi Riyal (SAR), Ghanian Cedi (GHS), West African CFA Franc (XOF), Central African CFA Franc (XAF), and West African Unit of Account (WAUA).
Official (CBN) Rates
The official rate is the rate set by the Central Bank of Nigeria, CBN.
• CBN Dollar to Naira rate
1USD = ₦1493.73
• CBN Pound to Naira rate
1GBP = ₦1877.47
• CBN Euro to Naira rate
1EUR = ₦1608.00
• CBN Swiss Franc to Naira rate
1CHF = ₦1694.53
• CBN Japanese Yen to Naira rate
1JPN = ₦9.96
• CBN West African CFA Franc
1XOF = ₦2.48
• CBN West African Unit of Account to Naira
1WAUA = ₦2004.22
• CBN Chinese Yuan to Naira
1CNY = ₦207.63
• CBN Saudi Riyal to Naira rate
1SAR = ₦404.53
• CBN South African Rand to Naira rate
1ZAR = ₦78.75
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Black Market/BDC rates
The Black Market or Bureau De Change (BDC) rates are rates set by the local market. There differ per location, trader, etc.
• Black Market Dollar to Naira rate
1USD = ₦1645 (Buy) and ₦1655 (Sell)
• Black Market Pound to Naira rate
1GBP = ₦2010 (Buy) and ₦2040 (Sell)
• Black Market Euro to Naira rate
1EUR = ₦1690 (Buy) and ₦1720 (Sell)
• Black Market Canadian Dollar to Naira rate
1CAD = ₦1100 (Buy) and ₦1200 (Sell)
• Black Market South African Rand to Naira rate
1ZAR = ₦50 (Buy) and ₦65 (Sell)
• Black Market UAE Dirham to Naira rate
1AED = ₦360 (Buy) and ₦380 (Sell)
• Black Market Chinese Yuan to Naira
1CNY = ₦170 (Buy) and ₦185 (Sell)
• Black Market Ghanaian Cedi to Naira rate
1GHS = ₦110 (Buy) and ₦120 (Sell)
• Black Market West African CFA Franc
1XOF = ₦2100 (Buy) and ₦2250 (Sell)
• Black Market Central African CFA Franc
1XAF = ₦2030 (Buy) and ₦2100 (Sell)
• Black Market Australian Dollar (Aussie) to Naira rate
1AUD = ₦800 (Buy) and ₦850 (Sell)
Frequently Asked Questions (FAQS)
Q: How can I Exchange Currency?
A: Contact your local market or bank.
Q: Are the Black Market Rates accurate in all Markets?
A: No, we try to provide the average rates in the local markets. Since the market is not regulated, prices will vary.
Q: What is the difference between CBN, I&E and Black Market Rates?
A: The CBN rates are now the same as the I&E rates. The Black Market Rates differ.
