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Dollar To Naira Exchange Rate Today 21 October 2021

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Dollar to naira exchange rate today

This is the news about Dollar to Naira rate at the official and black market exchange rate Today October 21, 2021.

Read Naija News update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Thursday October 21, for $1 dollar to naira = ₦413.94/$1.

According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦413.94/$1 on Thursday October 21, after it closed at ₦414.07 to a $1 on Wednesday, 20 October 2021.

How much is exchange rate of Dollar to Naira in Black Market today?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Thursday, October 21, opened N565.00 to a $1, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦413.94/$1 on 21st October 2021 after it closed at ₦414.07/$1, on 20 October, 2021, showing a decline at -0.06.

According to data from FMDQ, forex turnover for Thursday, 21 October 2021 was pegged $334.97 million  up from $172.00 million for Wednesday 20 October, 2021.

George Oshogwe Ogbolu is a Digital Media Strategist | Content Writer | Journalist | New Media Influencer | Proofreader and a Deputy Editor at Naija News.