Aboki FX Black Market Exchange Rate Today – Euro, Pounds, Dollar to Naira
Here is Naira to Dollar exchange rate for the black market and CBN. The parallel market rate has been relatively stable over the past few weeks as reported on CBN site. This can be confirmed on Abokifx.com site.
For now, 1 USD to NGN black market rate keeps hovering around 360 i.e. $1- N362, do you think it will go any higher or come crashing down anytime soon?
The table below is compiled to show the exchange rate of one U.S. Dollar to Nigerian naira including the prevailing parallel market rate. The Naira has fallen to 360 in exchange for the USD at the Aboki Dollar rate in Nigeria today, which is a value higher than what is obtainable for the inter-bank market launched recently.
|NGN||BUY / SELL||BUY / SELL||BUY / SELL|
|16/04/2019||358 / 360||472 / 475||400 / 404|
|15/04/2019||358 / 360||472 / 475||400 / 404|
|12/04/2019||358 / 360||470 / 475||400 / 405|
Source: Aboki.com for Aboki Express
Exchange rate values have become a much discussed about topic in Nigeria due to its importance on the daily lives of Nigerians which primarily affects the economic aspects of their lives. We are focusing on the Aboki FX exchange rate due to the comprehensive information available on this website on the performance of the Naira against major currencies across the world. The currency pair which receives the most attention around the country is the Naira Vs the Dollar. This is mainly because the dollar is the international currency of trade and commerce across the world.
Also, it is important to note that Nigeria is an import dependent country, with the bulk of our exports consisting of unrefined petroleum products. Other little exports consist of agricultural produce which are largely unprocessed. The unprocessed nature of these export products significantly reduces their exchange rate value, therefore, due to the lack of value addition, such products are sold much lower than processed goods.
Why Aboki FX Exchange Rate?
Being in existence for several years, and providing daily comprehensive information on the value of the Naira against major currencies across the globe, Aboki FX has built the reputation of being the trusted alternative outside the Central Bank of Nigeria’s (CBN) official website for getting up-to-date information on currency fluctuations especially regarding the Nigeria in relation to other currencies across the world.
What more? On the Aboki FX’s website on https://abokifx.com/ a detailed quote of all the major currency pairs consisting of the Great British Pound (GBP), the Euro (EUR), and the United States Dollar (USD) are provided on a morning, afternoon, and evening basis. There are also a ton of other useful features which allows for easy conversion of all currency pairs. These would be explained in more detail below.
Features of the Aboki FX Exchange Rate
There are several features as well as tools provided on the Aboki FX Exchange website. These are all designed to provide a comprehensive and easy to use analytical aid for the user in having an in-depth knowledge on the state of the Naira against major currencies. Apart from providing the exchange rate of the Naira against major currencies, there is also information on minor currencies which consist of those within the African continent as well as beyond the continent.
The advancement in mobile technology has made it possible for the development of an Aboki FX exchange rate app for both android and apple devices. It has also made provision for those interested in requesting for further information to easily contact them. For inquiries on Automatic Teller Machine (ATM) rates, you can contact them using the email firstname.lastname@example.org while for general inquiries; the email to use is email@example.com
Aboki FX also has a market news feed which provides information relevant to the performance of currencies. Such are mostly business news. In addition to this, there is also a currency converter which you can easily use to calculate or check the rates of any currency in the world. This feature has made the website a one-stop shop for all information regarding the performance of currencies.
If you are interested in getting real time update on the performance of the Naira against the dollar for instance, there is an easy to interpret chart at the bottom of the site where real-time invents pertaining the Naira Vs the US Dollar is shown. If you are interested in knowing about major parallel markets within Nigeria such as those in Lagos, a chart provides this information about all the major currencies consisting of the GBP, the EUR and the USD.
There is also information available on rates by bank, rates by currency as well as rates by months. The rates by month feature allow you to check historical performance of the Naira against any currency pair. The BDC rates are yet another feature of Aboki FX exchange rates. It provides information on the parallel market rates of major currencies.
Abokifx Today Rates of the Naira against Major Currency Pairs
The exchange rates of major currency pairs today shows the Naira exchanging at N356/$ at official rates, while same exchanges for N359/$ at the Interbank rate and parallel market. For the Great British Pound (GBP), it exchanges for N450/Pound at the official rates, while same goes for N459/Pound at the Interbank and parallel markets. The exchange rate of the Euro (EUR) stands at N405/EUR at official rates and N410/EUR at the interbank and parallel markets.
What Do These Mean?
The information made available on Aboki FX exchange rate website is comprehensive and constantly updated to reflect the current state of the market. This allows users to have updated information which is critical to business owners and financial institutions. Also, for the person seeking to make online or physical foreign exchange transactions, this is a reliable source where all the relevant information is available, as it enables such an individual to make informed choices, forearming him/her with accurate information.
As a constant user of the Aboki FX exchange rate website or mobile app, there is no cause to worry or wonder on how to access market and currency information, as all these are available to you for the taking. With the information provided in this article, you are adequately guided on your choices, especially as it regards currency exchange rates.
Aboki exchange rate in Nigeria today will continue to be a hot topic in the manufacturing, and consumer sectors of the economy as it is one of the primary indices used in gauging the economy of the country.
There are other factors that influence the dollar to Naira exchange rate. These include government policy, our obsession with imported products, public debt, inflation and current account deficits.
Share your transactions rates with us. More Abokifx exchange rate for online transactions to be updated soon!
Source: Abokifx Mallam Fx