![]() ![]() You will have an international ATM card that can allow you to access your money in whatever currency you would like without having to go through the hassle with the international exchange agents. The best way to convert Naira to dollars if you are a frequent traveller between Nigeria and US is to own a bank account in the United States. Sign the necessary documents and count your dollars before you leave the counter just to be sure everything is right.īonus: How To Open a Business Account with GTBank Nigeria The professional at the teller will execute your wish and give you the money in United States dollars. Visit the institution you settled on with your passport and the amount of Naira you wish to exchange. Only then can you pick the right institution to do your conversion. Do your homework to make sure that these agents do not take undue advantage of your ignorance.īefore you head to the foreign exchange institution, you need to call them or visit their official websites to find out if it deals in Nigerian naira and make a comparison between the rates. You must realize that foreign exchange agents will have a little bit disadvantageous rates compared to that of the banks. This will act only as a guide to help you find a reputable international exchange institution, which offers competitive conversion rates. The first thing to do is to visit the official website of the Central Bank of Nigeria and see the current exchange rates. Here are some useful Steps on How To Convert Nigerian Naira to US Dollars Step 1: Find a reputable foreign exchange institution Here, we are going to show you risk-free steps on how to convert Nigerian Naira to US dollars. The only item you will be required to have is a valid passport. The best exchange rates are provided by the Central Bank of Nigeria although there are many other foreign exchange institutions in the country. The exchange rates differ each day and depend on the global financial market. There are intermediaries all over who intend to capitalize on your ignorance and swindle you of your hard-earned money. This undertaking however, is not as easy as it seems. This means that you have to convert the Naira you intend to spend on your journey’s destination into USD. This is because the official currency of United States is dollars. Furthermore, when you are applying for a visa to visit The US and indeed any country in the world that uses USD as their base currency, you will be required to pay visa application fees in USD and provide a proof that you are able to foot the travel and accommodation expenses in this currency. However, those who wish to visit US have to find a way to exchange or convert their Naira to dollars (USD). This means that most citizens of Nigeria use Naira for their day-to-day financial transactions. Daily FX 21.06.Nigerian Naira abbreviated as NGN is the official currency of Nigeria.Potential Sterling Tipping Point, Pound to Dollar Rate Slips to 1.271Inflation stuck at 8.7%, Core Rate Increases to 7.1%.Fed Chair Powell’s Hawkish Testimony Fails to Lift a Weak US DollarPowell Underlines a Hawkish Fed Stance.Pound to Dollar Exchange Rate: GBP Drops vs USD as Inflation Fears Hit SterlingPound (GBP) Exchange Rates Slide despite BoE Bets.Daily FX 22.06.23: Reaction to the BoE Decision and Forward Guidance Crucial to Pound vs Euro, DollarPound US Dollar Exchange Rate Outlook.BoE Today: Pound Sterling Outlook Against Euro and US DollarMarkets Overpricing BoE Rate Peak?.Pound Sterling "Knee-Jerk" Reaction Against Euro and Dollar as BoE Surprise With 50bp HikePost-BoE Analysis:.Pound to Australian Dollar Rate Outlook, News: GBP Buoyant vs AUD After Surprise BoE MovePound (GBP) Exchange Rates Firm Ahead of BoE Rate Decision.Latest Dollar News, Predictions and Forecasts from Our News Team Get the latest 1 Nigerian Naira to United States Dollar exchange rate and analyze. Handy Conversion Data Table Nigerian-Naira to Dollars Convert 1 NGN to USD with ClearTax Currency Converter online for free. Q: Is the Nigerian Naira going up or down against the Dollar?Ī: Today's exchange rate (0.0014) is higher compared to yesterday's rate (0.0013).Ī: 50 Nigerian Naira buys 0.07 Dollars at interbank exchange rates. Q: What is the Nigerian Naira worth against the Dollar?Ī: One Nigerian Naira is worth 0.0014 Dollars today To convert Nigerian Naira to Dollars or determine the Nigerian Naira Dollar exchange rate simply use the currency converter on the right of this page, which offers fast live exchange rate conversions today! For full history please visit NGN/USD exchange rate history page ![]()
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