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CBN exchange rate: Understanding the platform

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CBN exchange rate

For business minds and the entire citizenry, it is vital to understand the concept of currency exchange and the stock market. The information about the performance of the Nigeria naira is produced by the Central bank of Nigeria on the CBN exchange rate platform. On this platform, information about CBN exchange rate cedis to naira, CBN exchange rate euro to naira, CBN exchange rate euro to dollar, CBN exchange rate dollar to naira today and other currencies can be seen.

CBN exchange rate today

The stock market of naira is quite volatile. Thus, the exchange rate could stand at varying values at different days. For interested individuals, it is easy to keep track of daily exchange rate of naira against other currencies in the stock market. On the CBN exchange rate platform, the buying and selling price of each currency is displayed against the naira.

CBN exchange rate policy

The main objectives of exchange rate policy in Nigeria are to preserve the value of the domestic currency, maintain a favorable external reserves position and ensure external balance without compromising the need for internal balance and the overall goal of macroeconomic stability.

CBN exchange rate archives

The CBN exchange rate archives page allows to do a quick navigation to any date of choice. It is a gateway to past exchange rates of the Nigerian naira.

CBN exchange rate for euro

As at 8th of July, 2020, the exchange rate of euro against the naira stood at

Buying price: N447.599, Central price: N448.1895, Selling price: N448.78

CBN exchange rate as at today

Information about daily exchange rate can be seen on the CBN exchange rate as at today page.

This table shows the exchange rate of naira against some currency as at 8th day of July, 2020. It consists of the buying, central and selling price of notable currencies including the CBN exchange rate for Canadian dollar.

Date Currency Buying (NGN) Central (NGN) Selling (NGN)
8/14/2020 US DOLLAR 379 379.5 380
8/14/2020 POUNDS STERLING 496.6037 497.2589 497.914
8/14/2020 EURO 447.599 448.1895 448.78
8/14/2020 SWISS FRANC 416.2091 416.7582 417.3073
8/14/2020 YEN 3.5527 3.5574 3.5621
8/14/2020 CFA 0.661 0.671 0.681
8/14/2020 WAUA 532.9033 533.6064 534.3094
8/14/2020 YUAN/RENMINBI 54.5244 54.5968 54.6692
8/14/2020 RIYAL 101.0586 101.1919 101.3252
8/14/2020 SOUTH AFRICAN RAND 21.7085 21.7371 21.7658
8/14/2020 DANISH KRONA 60.0958 60.1751 60.2543
8/14/2020 SDR 534.8069 535.5125 536.218
8/14/2020 CAD 291.1099 291.380 291.69

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CBN exchange rate: Understanding the platform

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