Bello
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Naira appreciated against the US Dollar to trade at an average of N738/1 at the black market on Monday, 8th May 2023.
This represents an improvement of 0.94, in contrast to the N745/1 that was recorded last week Friday.
This is according to information obtained by Nairametrics from BDC traders.
The exchange rate started the year at N736/1 and recorded its highest rate at N775/1 on 20th February 2023 and lowest at N730/1 on 5th January 2023.
Similarly, the exchange rate between the naira and Pound strengthened to trade at an average of N933/1 on Monday, 8th May 2023, representing a 0.21 rise from N935/1 recorded in the last trading session.
Likewise, naira recorded an appreciation of 0.25 against the Euro to trade at N808/1 on Monday, 8th May 2023, compared to N810/1 it recorded on Friday, 5th May 2023.
Meanwhile, it is worth noting that the blackmarket rate varies across different locations in the country where Nairametrics surveyed, time of survey, demand and supply, purchasing power etc.
Breakdown of the blackmarket rates is given below
Keypoints
- Naira/Dollar (NGN/USD)
- Naira/Pound (NGN/GBP)
- Naira/Euro (NGN/EUR)
- Naira/Dollar (NGN/USD)
- Exchange rate at black market trades at N745/1 on 5th May 2023
- Naira/Dollar (NGN/USD)
- Naira/Pound (NGN/GBP)
- Naira/Euro (NGN/EUR)
- Naira falls against US dollar at black market on 4th May 2023, declining to N742/1
- Naira/Dollar (NGN/USD)
- Naira/Pound (NGN/GBP)
- Naira/Euro (NGN/EUR)
- Naira/Dollar (NGN/USD)
- Naira weakens against US dollar at black market, dropping to N741/1 on 2nd May 2023
- Naira/Dollar (NGN/USD)
- Naira/Pound (NGN/GBP)
- Naira/Euro (NGN/EUR)
- Naira/Dollar (NGN/USD)
- Exchange rate at black market trades flats at N740/1 on 28th April 2023
- Naira/Dollar (NGN/USD)
- Naira/Pound (NGN/GBP)
- Naira/Euro (NGN/EUR)
- Naira/Dollar (NGN/USD)
- Black market exchange rate falls to N740/1 on 27th April 2023
- Black market exchange rate appreciates to N745/1 on 28th March 2023
- Trading at the official NAFEX window
- Naira trades flat at N746/1 at the black market on 27th March 2023
- Trading at the official NAFEX window
- Black market exchange rate gains to trade atN746/1 on 24th March 2023
- Trading at the official NAFEX window
- Naira improves against US dollar to N749/1 on 23rd March 2023
- Trading at the official NAFEX window
- Black market exchange rate depreciates to N750/1 on 22nd March 2023
- Trading at the official NAFEX window
- Naira improves to N748/1 at black market on 21st March 2023
- Trading at the official NAFEX window
- Black market exchange rate depreciates to N751/1 on 20th March 2023
- Trading at the official NAFEX window
- Naira gains at the black market to trade at N750/1 on 17th March 2023
- Trading at the official NAFEX window
- Naira falls against the US dollar to N755/1 at the black market on 16th March 2023
- Trading at the official NAFEX window
- Exchange rate strengthensto N752/1 at the black market on 15thMarch 2023
- Trading at the official NAFEX window
- Black market exchange rate depreciates to N760/1 on 14th March 2023
- Trading at the official NAFEX window
- Naira falls to N755/1 at black market on 13th March 2023
- Trading at the official NAFEX window
- Black market exchange rate depreciates to N754/1 on 10th March 2023
- Trading at the official NAFEX window
- Naira trades flat to N750/1 at black market on 9th March 2023
- Trading at the official NAFEX window
- Black market exchange rate depreciates to N750/1 on 8th March 2023
- Trading at the official NAFEX window
- Naira improves marginally at black market to N748/1 on 7th March 2023
- Exchange rate at black market strengthens to N760/1 on 6th March 2023
- Trading at the official NAFEX window
- Black market exchange rate depreciates to N768/1 on 2nd March 2023
- Trading at the official NAFEX window
- Naira remains stable at N760/1 on black market amid Bola Tinubus emergence as Presidentelect
- Trading at the official NAFEX window
- Black market exchange rate falls to N760/1 on 28th February 2023
- Trading at the official NAFEX window
- Black market exchange appreciates to N758/1 on 27th February 2023
- Trading at the official NAFEX window
- Naira improves at the black market to N760/1 on 24th February 2023
- Trading at the official NAFEX window
- Black market exchange rate depreciates furtherto N765/1 on 23rd February 2023
- Trading at the official NAFEX window
- Naira falls to N762/1 at the black market on 22nd February 2023
- Trading at the official NAFEX window
- Naira appreciates to N760/1 at the black market on 21st February 2023
- Trading at the official NAFEX window
- Naira falls sharply to N775/1 at the black market on 20th February 2023
- Trading at the official NAFEX window
- Naira depreciates slightly at black market to N756/1 on 17th February 2023
- Black market exchange rate trades at N755/1 on 16th February 2023
- Trading at the official NAFEX window
- Black market exchange rate moderates to N755/1 on 15th February 2023
- Trading at the official NAFEX window
- Naira trades at N756/1 at the black market on 14th February 2023
- Trading at the official NAFEX window
- Naira depreciates at the black markettoN756/1 on 13th February 2023
- Trading at the official NAFEX window
- Naira remains stable at N740/1 on 10th February 2023 amidst cash scarcity
- Trading at the official NAFEX window
- Naira strengthens to N740/1 at the black market on 9th February 2023
- Trading at the official NAFEX window
- Black market exchange rate depreciates to trades at N750/1 on 8th February 2023
- Trading at the official NAFEX window
- Black market exchange rate trades at N745/1 on 7th February 2023
- Trading at the official NAFEX window
- Naira gains at black market, trades at N744/1 on 6th February 2023
- Trading at the official NAFEX window
- Trading at the official NAFEX window
- Naira remains stable at N745/1 at the black market on 2nd February 2023
- Trading at the official NAFEX window
- Black market exchange rate appreciates to N745/1 on 1st February 2023
- Trading at the official NAFEX window
- Black market exchange rate moderates to N751/1 on 31st January 2023
- Trading at the official NAFEX window
- Naira falls sharply at the black market to N752/1 on 30th January 2023
- Trading at the official NAFEX window
- Naira appreciates to N745/1 at the black market on 27th January 2023
- Trading at the official NAFEX window
- Black market exchange rate depreciates slightly to N751/1 on 26th January 2023
- Trading at the official NAFEX window
- Naira appreciates to N750/1 at the black market on 25th January 2023
- Trading at the official NAFEX window
- Naira depreciates to N753/1 at the black market on 24th January 2023
- Trading at the official NAFEX window
- Naira appreciates to N745/1 at the black market on 23rd January 2023
- Trading at the official NAFEX window
- Black market exchange rate moderates to N746/1 on 20th January 2023
- Trading at the official NAFEX window
- Black market exchange rate depreciates to N748/1 on 19th January 2023
- Trading at the official NAFEX window
- Naira strengthens to N746/1 at the black market on 18th January 2023
- Trading at the official NAFEX window
- Naira falls to N747/1 at the black market on 17th January 2023
- Trading at the official NAFEX window
- Naira maintains rate against USD at N735/1 on 16th January 2023
- Trading at the official NAFEX window
- Naira trades flat at N735/1 at the black market on 13th January 2023
- Trading at the official NAFEX window
- Black market exchange rate appreciates further to N735/1 on 12th January 2023
- Trading at the official NAFEX window
- The black market exchange rate appreciates to N738/1 on 11th January 2023
- Trading at the official NAFEX window
- Naira trades flat at N745/1 at black market on 10th January 2023
- Trading at the official NAFEX window
- Naira falls sharply to N745/1 at black market on 9th January 2023
- Trading at the official NAFEX window
- Naira depreciates marginally at the black market, and trades at N731/1 on 6th January 2023
- Trading at the official NAFEX window
- Naira improves at the black market to N730/1 on 5thJanuary 2023
- Trading at the official NAFEX window
- Black market exchange rate trades at N736/1 on 3rd January 2023
- Trading at the official NAFEX window
- Black exchange rate remains stable at N736/1 on 3rd January 2023
- Trading at the official NAFEX window
- Related
- Naira/Dollar (NGN/USD)
- Naira/Pound (NGN/GBP)
- Naira/Euro (NGN/EUR)
- Naira/Dollar (NGN/USD)