As of August 27, 2023, the official exchange rate between the Nigerian Naira (₦) and the US Dollar ($) is as follows:
- Opening Rate: ₦773.29 per $1
- Closing Rate: ₦778.42 per $1
It’s important to note that exchange rates can fluctuate frequently due to various economic factors, and the rates provided here are based on the data released by the FMDQ Security Exchange, which is the official forex trading portal. Additionally, the Central Bank of Nigeria (CBN) had announced changes to the foreign exchange market, including the unification of FX windows into the Investors and Exporters (I&E) window, the reintroduction of the “Willing Buyer, Willing Seller” model, and other operational adjustments.
Please keep in mind that exchange rates can vary between different sources, and it’s advisable to check with official financial institutions or forex trading platforms for the most up-to-date and accurate rates before making any currency exchange transactions.