If you’ve been keeping an eye on the dollar to naira exchange rate, you’ve probably noticed the roller coaster ride it has been lately.

On May 18, 2024, the black market exchange rate for one US dollar is fluctuating between ₦1530 and ₦1550, with an average of ₦1543.75. This rate is based on data gathered from four different sources provided by users.


A Snapshot of the Last Week

To give you some perspective, let’s look at how the rates have changed over the past week. From May 10, 2024, to May 18, 2024, the dollar to naira black market sell rate ranged between ₦1450 and ₦1560.

The average rate during this period was ₦1522.86. If we compare today’s values with the last seven days, there’s been an increase of 30.89 points, moving from ₦1522.86 to ₦1553.75, which equates to a 2.03% rise.

Today's Official Black Market Rates

See Here: https://africafactszone.com/dollar-to-naira-black-market-exchange-rate-for-may-18-2024/