Money Market

Daily Parallel Market exchange rate – ₦472/$1

 Daily Parallel Market exchange rate – ₦472/$1
Daily Parallel Market exchange rate – ₦472/$1.

The exchange rate between the naira and the US dollar on Friday 24th July 2020 again closed at ₦472/US$1 in the parallel market. Also, the exchange rate closed at ₦472/$1 on Thursday 23rd July 2020, maintaining the same rate for the fourth day in a row.

Naira: ₦472
Dollar: $1
Date: July 24th 2020
The exchange rate between the naira and the British pounds sterling closed at ₦582/₤1 on Friday 24th of July as against ₦580/₤1 recorded on Thursday 23rd July 2020.

Naira: ₦582
Pounds Sterling: ₤1
Date: July 24th 2020
Explore Economic Research Data From Nairametrics on Nairalytics

The exchange rate between the naira and the European euro closed at ₦520/€1 on Friday 24th of July 2020 same as recorded on Thursday 23rd July 2020.

Naira: ₦520
Euro: €1
Date: July 24th 2020
Activity: The US dollar closed at ₦472/US$1 in the parallel market.


Data is collated from various black market dealers on the mainland and island of Lagos State where forex is sold. The price quoted daily on this page represents the average price obtained by our Research Team. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. This is a daily tracker and updated close of business. See table below for parallel market exchange rate dating to 2019.

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