NairaWatch: Monday’s parallel market exchange rate N480/$1

The exchange rate between Nigeria’s Naira and United States’ dollar as at today, Monday, December 7, stands at ₦480/$1 in the parallel market while the official rate of the Central Bank of Nigeria (CBN) stands at N379/$.

NairaWatch can report that the exchange rate on Friday, December 4, closed at ₦470/US$1 in the parallel market and the official rate of the CBN also stood at N379/$1.

• Naira: ₦480/379
• Dollar: $1
• Date: December 7th, 2020

The exchange rate between Nigeria’s Naira and British pound sterling at the parallel market as at today, Monday, December 7, stands at ₦625/₤1 and while the official rate of Central Bank of Nigeria (CBN) stands at N510/₤1.

The exchange rate on Friday, December 4, also closed at ₦620/₤1 in the parallel market and the official rate of the CBN as well stood at N506/₤1.

• Naira: ₦625/506
• Pounds Sterling: ₤1
• Date: December 7th, 2020

The exchange rate between the local currency and European euro at the black market as at today, Monday, December 7, stands at ₦570/€1 while the exchange rate of the CBN stands at N461/€1.

The exchange rate on Friday, December 4, closed at ₦580/₤1 in the parallel market and the official rate of the CBN stood at N454€1.

• Naira: ₦570/456
• Euro: €1
• Date: December 7th, 2020