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Dollar To Naira Exchange Rate Today, 17 May 2022

Business & Economy Exchange Rate Trending

How Much Is Dollar To Naira Exchange Rate Today 17 May 2022 ?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N587 and sell at N595 on Friday, May 13th 2022, according to sources at Bureau De Change (BDC).

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The official rate today, Tuesday, May 17th, 2022, for $1 dollar to naira = ₦417.70/$1.
According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦417.70/$1 on Friday 17th, after it closed at ₦420.00 to a $1 on Monday, 16th May 2022.

The dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.

According to the IMF, the inflation rate would drop to 13.1 percent by 2023, adding that the effects of inflation would be catastrophic if not tackled.

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