#parallel market

Bolivia ends 15-year dollar peg to restore economic stability

Naira, on Monday, depreciated to N1,620/$ at the parallel section of the foreign exchange market. The figure represents N20 or 1.25 percent depreciation compared to the N1,600 it traded on March 1, 2024. Speaking to TheCable, currency traders in Lagos, also known as bureau de change (BDC) operators, quoted the buying rate of the greenback at N1,580 and the selling price at N1,620 — leaving a…

Autonomy in Forex Trading

Autonomy in forex trading can be a tricky topic. It’s best to know the basics. First, let’s look at what AFEM and IFEM are. What are these two terms, and what are the advantages and disadvantages of using them? What about Hybrid intelligent agents? And where does this leave the spot market? AFEM In 1995, the Autonomous Foreign Exchange Market was introduced in Nigeria. Its main function was to…

BREAKING: Naira Gains Significantly On The Black Market, See Exchange Rate

BREAKING: Naira Gains Significantly On The Black Market, See Exchange Rate Today, March 2, 2022, the Naira has risen dramatically on the illicit market. In Wednesday, March 2, Nigeria’s official currency, the Naira, surged on the parallel market, often known as the black market, trading at 577 per dollar. Read More: Black Market Dollar To Naira Exchange Rate Today 2nd March 2022 The big rise is…

Black Market Dollar To Naira Exchange Rate Today 21st February 2022

Black Market Dollar To Naira Exchange Rate Today 21st February 2022 The black market dollar to naira conversion rate for today, February 21st 2022, is available below. IMPORTANT NOTE: The exchange rate fluctuates hourly, depending on the amount of dollars available and the Demands. What this means is that at N575, you can purchase or sell a dollar, and the price can fluctuate (high or low) within…

Black Market Dollar To Naira Exchange Rate Today 19th February 2022

The black market dollar to naira conversion rate for today, February 19th 2022, is available below. IMPORTANT NOTE: The exchange rate fluctuates hourly, depending on the amount of dollars available and the Demands. What this means is that at N575, you can purchase or sell a dollar, and the price can fluctuate (high or low) within hours. February 19th dollar to naira official market exchange rate:…

Black Market Dollar To Naira Exchange Rate Today 18th February 2022

The black market dollar to naira conversion rate for today, February 18th 2022, is available below. IMPORTANT NOTE: The exchange rate fluctuates hourly, depending on the amount of dollars available and the Demands. What this means is that at N575, you can purchase or sell a dollar, and the price can fluctuate (high or low) within hours. February 18th dollar to naira official market exchange rate:…

Black Market Dollar To Naira Exchange Rate Today 17th February 2022

The black market dollar to naira conversion rate for today, February 17th 2022, is available below. IMPORTANT NOTE: The exchange rate fluctuates hourly, depending on the amount of dollars available and the Demands. What this means is that at N575, you can purchase or sell a dollar, and the price can fluctuate (high or low) within hours. February 17th dollar to naira official market exchange rate:…