Euro To Naira Rate Today In Bank And Black Market

Check Euro To Naira Rate Today In Bank And Black Market. One of the most widely used currencies is the euro; if you choose to exchange it in the local black market, be aware of the buying and selling rates listed below.

How Much Is Euro (€) To Naira (₦) Black Market Rate Today?

As of November 7, 2024, the buying rate is ₦1,850.00 and the selling rate is ₦1,825.00 in the Black market. And the official CBN (Banks) rate is ₦1,819.08 selling rate and ₦1,811.00 buying rate.

The price varies around the nation, and the black market rate is better than bank rates in certain areas. Buying and selling are two terms that readers should be familiar with because we have used them frequently in our essay on exchange rates, which we will review before moving on to this one.

You can also check the Dollar To Naira Exchange Rate Today.

When you buy, you receive Euros through the black market exchange rate with Naira. However, when you sell, you are exchanging your Euros for their equivalent in Naira. Despite the little difference, the selling rate is always higher than the buying rate.

How To Buy And Sell Euro Online?

If you want to trade EUR for Naira, you need to find a trusted dealer. You can find EUR to NGN black market vendors both online and in person. However, when trading currencies on the Naira Black Market, you must take caution because there is a chance of being scammed.

You can also use reputable Apps like Aboki FX, Xe Money Transfer & Convert, on Google Playstore.

Historical Data For Euros To Nigerian-Naira

According to two sale prices that the community had given as comments, the black market exchange rate between the euro and naira in Nigeria is between ₦1,850 and ₦1,870, with an average of ₦1,860.00 today, June 11, 2024.

The black market sale rate for euros to naira for the last seven days, from October 28, 2024, to May 11, 2024, has averaged ₦1,871.00, with values ranging from ₦1,865 to ₦1,885. The average Euro to Naira rate dropped 11 points, from ₦1,871.00 to ₦1,860.00, or 0.59%, when compared to the previous 7 days’ values as of today, June 11, 2024.

According to two buy rates posted by users as comments, the black market euro to naira conversion rate in Nigeria is between ₦1820 and ₦1825, with an average of ₦1,822.50 today, June 11, 2024.

Facts You Need To Know About Euro

The euro is the second most traded currency in the world, after the United States dollar. Its widespread use and acceptance make it a key player in the global foreign exchange market. The euro’s importance in international trade and finance reflects the economic strength and stability of the Eurozone, the group of European Union countries that have adopted the euro as their official currency.

The euro, the official currency of the Eurozone, was introduced on January 1, 2002. It is used by 19 of the 27 European Union member states, making it one of the most widely used currencies in the world. The euro symbol (€) was inspired by the Greek letter epsilon (ϵ) and represents the first letter of the word “Europe” in the Latin alphabet.

The design of euro banknotes and coins includes architectural elements from different periods in Europe’s history. Each of the seven euro banknotes features a specific historical period, ranging from classical to modern architecture. The coins, on the other hand, depict different maps of Europe and symbolize the unity and diversity of the European Union member states.

Stay updated with the current price of the Euro to Naira rate in the black market and bank rates in Nigeria.