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Home Forex

JUST IN: Naira hits record low, surpasses N1,500 mark against dollar

BizPoint by BizPoint
February 13, 2024
in Forex
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Why naira is gaining strength against dollar  — ABCON
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BizPoint has obtained the exchange rate of US Dollar, Pound Sterling, Euro, Saudi Riyal, CFA and Chinese Yan.

The dollar to naira rate has surpassed N1,500 mark as it was exchanged to as low as N1,517.300 at parallel market today, according to information from Naira Rates on its X page @naira_rates.

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See US Dollar, Pound Sterling, Euro, Saudi Riyal, CFA and Chinese Yuan exchange rates for today, Tuesday, February 13th, 2024.

READ ALSO: JUST IN: Kano anti-graft agency uncovers, seals warehouses hoarding commodities

How much is US Dollar, Pound Sterling, Euro, Saudi Riyal, CFA and Chinese Yuan?

Dollar/Naira

Buying- N1517

Selling -N1525

Pounds– N1925

Euro-N1,644

Saudi Riyals(SR)/Naira

Buying-N371

Selling-N377

CFA/Naira

Buying-N2020

Selling -N2090

Chinese Yuan/ Naira

Buying-N160

Selling -N175

UAE Dirham

Buying- N325

Selling – N340

However, on Aboki Forex app, BizPoint observed that at the parallel market rate, dollar was bought at N1525and sold N1532 as at the time of filing this report.

Disclaimer: BizPoint does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC.

Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

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