Money Market

Daily Parallel Market exchange rate – ₦480/$1

Daily Parallel Market exchange rate – ₦480/$1.

The exchange rate between the naira and the US dollar as of Thursday, August 6th 2020 stands at ₦480/US$1 on the parallel market. The exchange rate closed at ₦483/$1 on Wednesday 5th August 2020.

  • Naira: ₦480
  • Dollar: $1
  • Date: August 6th, 2020

The exchange rate between the naira and the British pound sterling stands at  ₦587/₤1 on Thursday 6th August same as recorded on Wednesday 5th August 2020.

  • Naira: ₦587
  • Pounds Sterling: ₤1
  • Date: August 6th, 2020

Explore Economic Research Data From Nairametrics on Nairalytics

The exchange rate between the naira and the European euro stands at ₦545/€1 on Thursday 6th August 2020. The exchange rate also closed at ₦545/€1 on Wednesday 5th August 2020.

  • Naira: ₦545
  • Euro: €1
  • Date: August 6th, 2020

Activity: USD currently sells for an average of ₦480/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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