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Daily Parallel Market Exchange Rate – ₦475/$1

Forex, NIGERIA: Daily Parallel Market, Exchange Rate

The exchange rate between the naira and the US dollar for today (Friday, February 5th 2021), stands at 475/US$1 in the parallel market. The rate had also closed at 475/US$1 on Thursday, February 3rd 2021.

The exchange rate between the naira and the British pound sterling stands at ₦635/₤1 on Friday, February 5th 2021. The rate had closed at ₦630/₤1 on Thursday, February 4th 2021.

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The exchange rate between the naira and the European euro stands at ₦575/€1 on Friday, February 5th 2021. The rate had also closed at ₦575/€1 on Thursday, February 4th 2021.

Activity: US Dollar stands at 470/US$1 in the parallel market

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READ ALSO: The risk of buying Forex at black market rate of N460/$1 

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Data is collated from various black market dealers on the mainland and island parts 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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