Connect with us

Finance

NairaWatch: Wednesday’s parallel market exchange rate – ₦465/$1

BY David Olalele

Published

on

naira exchange rate

The way in which Nigeria’s Naira fluctuates in the parallel market is becoming alarming.

For instance, the exchange rate between the US dollar and the local currency stands at ₦465 US$1, today, Wednesday, September 16, in the parallel market. 

  • Naira: ₦465
  • Dollar: $1
  • Date: September 16th, 2020

The exchange rate between the naira and the British pound sterling as at today, Wednesday, September 16, stands at ₦600/₤1 but closed at ₦590/₤1 on Tuesday, September 15.

  • Naira: ₦600
  • Pounds Sterling: ₤1
  • Date: September 16th, 2020

The exchange rate between the naira and the European euro as at today, Wednesday, September 16, stands at ₦535/€1 but closed at ₦530/€1 on Tuesday, September 15. 

  • Naira: ₦535
  • Euro: €1
  • Date: September 16th, 2020