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Daily Parallel Market exchange rate – ₦485/$1

Posted by on August 1st, 2020


The exchange rate between the naira and the US dollar as of Friday, July 31st, 2020 closed at ₦485/US$1 on the parallel market. The exchange rate also closed at ₦485/$1 on Thursday 30th July 2020.

The exchange rate between the naira and the British pound sterling closed at  ₦585/₤1 on Friday 31st July as against ₦580/₤1  recorded on Thursday 30th July 2020.

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The exchange rate between the naira and the European euro closed at ₦520/€1 on Friday 31st July 2020. The exchange rate closed at ₦525/€1 on Thursday 30th July 2020.

Activity: Increase in USD rate is attributed to the scarcity of the currency in the parallel market

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