Black Market Exchange Rates
| Currency | Rate | Date |
|---|---|---|
| EUR | ₦ 1150 | 13/04/2024 |
| EUR | ₦ 1150 | 12/04/2024 |
| GBP | ₦ 1380 | 13/04/2024 |
| GBP | ₦ 1350 | 12/04/2024 |
Dollar to Naira Black Market Exchange Rate Table for Different Denominations:
| Amount in Dollar ($) | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| 1000 US Dollars ($1000) to Naira | ₦1,106,000.00 | ₦1,150,000.00 |
| 5000 US Dollars ($5000) to Naira | ₦5,530,000.00 | ₦5,750,000.00 |
| 10000 US Dollars ($10000) to Naira | ₦11,060,000.00 | ₦11,500,000.00 |
Black market exchange rates are exchange rates that differ from the officially given exchange rate set by a government. These black market rates often occur when the official rate bears little resemblance to the actual market conditions.
Is back market available in Germany : These appliances have had a lifetime and are professionally remanufactured by more than 350 carefully selected partner workshops. Founded in 2014 in France, Backmarket now has 10 million visitors per month on its platforms in Germany, France, Belgium, Spain, Italy and the USA.
How much is 500 euro in Naira today black market
500 Euro to Naira Black Market Rate – Eur to Naira Today
| Conversion | Black Market Rate in Naira |
|---|---|
| Five Hundred Euro to Naira | 650,000 |
| Five Hundred Australian Dollar to Naira | 340,000 |
| Five Hundred US Dollar to Naira | 600,000 |
| Five Hundred Pound to Naira | 775,000 |
Is the euro expected to go up or down : Morgan Stanley's new forecast sees EUR/USD at 1.15 by year-end, a revision to their previous forecast of 1.08. Strategists at Bank of America (BoA) are more optimistic and believe the EUR will strengthen aganist the dollar in 2023. “We expect EURUSD to strengthen to 1.10 by end-2022, but with many risks.
Euro to Naira Black Market rate conversion table. Convert EUR to NGN
| Amount in Euro (€) | Euro to Naira Black Market Rate in Naira |
|---|---|
| 50 Euros (€50) to Naira | 67,500 |
| 100 Euros (€100) to Naira | 135,000 |
| 150 Euros (€150) to Naira | 202,500 |
| 200 Euros (€200) to Naira | 270,000 |
Since demand for foreign currency normally exceeds supply, suppliers are able to charge a higher price than the official rate. The difference between the black market (or parallel) exchange rate and the official rate is known as the black-market premium.
Is Back Market cheaper
Yes, it is cheaper, because back market only sells refurbished phones, aka phones that have been used by a previous owner, but was checked for any faults and problems, and is sold. TD:LR, yes. You can save money: Refurbished phones are typically much cheaper than new phones.First, always look for Certified Renewed products when browsing the Back Market. These items are refurbished by the brands themselves and not by third parties. This makes these products more trustworthy. Although they may cost a bit more than third-party sellers, they're worth the extra expense.100 Euro to Naira Black Market Rate – Eur to Naira Today
| Amount in Euro (€) | Black Market Rate in Naira |
|---|---|
| 10 Euro to Naira | 13,000 |
| 20 Euro to Naira | 26,000 |
| 50 Euro to Naira | 65,000 |
| 100 Euro to Naira | 130,000 |
Also you can convert the Nigerian Naira to the European Euro Currency using this currency converter
| Amount in Euro (€) | Black Market Euro to Naira (Naira) |
|---|---|
| 50 Euro to Naira | 65,000 |
| 100 Euro to Naira | 130,000 |
| 200 Euro to Naira | 260,000 |
| 300 Euro to Naira | 390,000 |
Will the euro fall in 2024 : The EURUSD is trading down in the medium term. The downside target is level 1.0698. If the price breaks out this level, the next target will be Target Zone 3, 1.0635 – 1.0618.
Is it good to buy euros now : Put simply, the average GBP/EUR rate is around €1.15 in recent history. It's sitting comfortably above that now. You could consider any rate above the average as a good time to buy Euros with your Pounds.
How much is 1 euro to 1 Naira black market today
Today, the Naira Black Market exchange rate for 1 European currency (Euro) is 1300 Naira. This means that you can get 1300 Naira for every 1 Euro that you exchange. The Black Market Exchange rate is typically higher than the official exchange rate because it is not regulated by the government.
Convert US Dollar to Naira Exchange Rate in the Black Market
| Amount in Dollar ($) | Black Market Exchange Rate in Naira |
|---|---|
| 1 US Dollar (1$) to Naira | 1,200 |
| 5 US Dollars ($5) to Naira | 6,000 |
| 10 US Dollars ($10) to Naira | 12,000 |
| 20 US Dollars ($20) to Naira | 24,000 |
The FX market liberalisation policy saw the devaluation of the naira as the 'willing buyer, willing seller' model was introduced. Since the development, the FX market has continued to witness high levels of volatility, resulting in a further widening of the gap between the parallel and official rates.
What is the value of the Back Market : $5.7 billion
Back Market is now worth $5.7 billion.