Business
Naira exchange rate to Pound Sterling, U.S Dollar others today
According to the data from the CBN, exchange rate between the naira and the British pounds opened at N547.127/£1 on Thursday 31st March, after it closed at N546.4618 to £1 on Wednesday, 30th March 2022.
The exchange rate for a pound to naira at Lagos Parallel Market players buy a dollar for N770 and sell for N785 on Thursday, March 31st 2022, according to sources at Bureau De Change (BDC).
According to the data at the FMDQ Security Exchange where forex is traded officially, the exchange rate between the naira and the US dollar opened at N416.25/$1 on Wednesday 30th, after it closed at N417.00 to a $1 on Tuesday, 29th March 2022.
The exchange rate for a dollar to naira at Lagos Parallel Market players buy a dollar for N574 and sell at N590 on Wednesday, March 30th 2022, according to sources at Bureau De Change (BDC).
READ ALSO: Naira’s free-fall continues at official market
According to data from FMDQ, the forward rate went as high as N453.25 and as low as N430.00.
A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date.
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