Naira exchange rate today, Friday 23 July 2021


The Naira improves slightly against its global counterparts in the parallel market on Friday as liquidity increases slightly in major forex markets. The Naira gained N3 against the US dollar from N506 which it traded last week on Friday at N503 today, Friday July 23, 2021 in the parallel market. Against the Euro and British Pound, the local currency traded at N590 and N703, respectively.

Economic uncertainty amid unclear policy direction has put the naira on the back against global currencies, especially due to Nigeria’s lack of a fiscal buffer despite crude oil trading at a peak of near 2 years from COVID-19 record low. The decline in foreign exchange reserves hampered the ability of the Central Bank of Nigeria to systematically intervene in the forex to support the value of the naira as usual.

At the bureau de change, the Naira traded at N500, N705 and N595 against the US dollar, British pound and Euro, respectively. See the table below for the Naira rates.

Naira black market exchange rate

Morning * Noon ** Evening *** Final prices

Dated USD GBP EURO YUAN Canadian Australian
NGN TO BUY TO SELL TO BUY TO SELL TO BUY TO SELL TO BUY TO SELL TO BUY TO SELL TO BUY TO SELL
07/23/2021 498/503 * 695/703 * 585/590 * 62/69 407/415 300/320
07/22/2021 498/503 695/703 585/590 62/69 407/415 300/320
07/19/2021 495/503 698/705 585/592 62/69 407/415 300/320
07/16/2021 502/506 700/708 590/596 62/69 407/415 300/315
07/15/2021 500/505 700/708 590/596 62/69 407/415 300/320
07/14/2021 500/505 702/708 590/595 62/68 407/415 300/320
07/13/2021 500/505 702/708 590/595 62/68 407/415 300/320
07/12/2021 500/505 700/708 590/595 62/69 407/415 300/320
07/09/2021 500/505 700/708 588/593 62/69 407/417 300/320
07/08/2021 499/503 700/708 588/593 62/69 407/417 300/325
07/07/2021 499/503 700/710 588/593 62/69 407/417 300/325
07/06/2021 499/503 698/710 590/595 62/69 407/417 300/325

Currency Exchange Rates Naira

Dated USD GBP EURO
NGN TO BUY TO SELL TO BUY TO SELL TO BUY TO SELL
07/23/2021 490/500 690/705 580/595
07/22/2021 490/500 690/705 580/595
07/19/2021 490/500 690/707 580/595
07/16/2021 490/500 700/710 585/600
07/15/2021 490/500 698/710 585/600
07/14/2021 490/500 698/710 590/595
07/13/2021 490/500 697/710 585/600
07/12/2021 490/500 698/710 585/600
07/09/2021 490/500 698/710 585/600
07/08/2021 490/500 697/710 585/600
07/07/2021 490/500 697/710 585/600
07/06/2021 490/500 697/710 585/600
07/05/2021 490/500 700/714 585/600

Central Bank of Nigeria official naira rates

Dated Currency Purchase (NGN) Central (NGN) Sale (NGN)
07/22/2021 AMERICAN DOLLARS 409.14 409.64 410.14
07/22/2021 POUND STERLING 563.1812 563.8695 564.5577
07/22/2021 EURO 481.8851 482,474 483.0629
07/22/2021 SWISS FRANC 444.7657 445.3093 445.8528
07/22/2021 YEN 3.7114 3.7159 3.7204
07/22/2021 CFA 0.7151 0.7251 0.7351
07/22/2021 WAUA 580.1991 580.9082 581.6172
07/22/2021 YUAN / RENMINBI 63.2522 63.3299 63.4077
07/22/2021 RIYAL 109.0778 109.2111 109.3444
07/22/2021 DANISH CROWN 64.7732 64.8524 64.9315

Source link

Previous Margin Loan Data Shows Australian 'Army of Day Traders' Growing Strong
Next End of the line for the ANC economy