The Central Bank of Nigeria (CBN) plays a pivotal role in determining the exchange rates that impact the nation’s economic landscape. As of March 6th, 2024, the CBN has announced the exchange rates for various currencies, and we aim to provide you with a comprehensive overview, ensuring that you receive the most accurate and up-to-date information.
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- 1 CBN Dollar to Naira Rate
- 2 CBN Pound to Naira Rate
- 3 CBN Euro to Naira Rate
- 4 CBN Swiss Franc to Naira Rate
- 5 CBN Japanese Yen to Naira Rate
- 6 CBN West African CFA Franc to Naira Rate
- 7 CBN West African Unit of Account to Naira Rate
- 8 CBN Chinese Yuan to Naira Rate
- 9 CBN Saudi Riyal to Naira Rate
- 10 CBN South African Rand to Naira Rate
CBN Dollar to Naira Rate
USD Exchange Rate: 1561.01 NGN
In the realm of international trade and finance, the dollar to Naira exchange rate stands at 1561.01. This figure, announced by the CBN, reflects the current value of the United States Dollar against the Nigerian Naira as of March 6th, 2024. It is crucial for businesses, investors, and individuals to stay informed about this rate as it significantly influences cross-border transactions and financial planning.
CBN Pound to Naira Rate
GBP Exchange Rate: 1980.14 NGN
For those dealing with the British Pound Sterling, the CBN Pound to Naira rate is set at 1980.14 NGN. The meticulous evaluation by the Central Bank ensures that the exchange rate accurately mirrors the Pound’s value against the Naira, providing clarity for anyone involved in trade or investment activities between the United Kingdom and Nigeria.
CBN Euro to Naira Rate
EUR Exchange Rate: 1694.48 NGN
In the dynamic world of global currencies, the CBN Euro to Naira rate is a key metric, with the Euro standing at 1694.48 NGN. Understanding this rate is paramount for businesses engaged in trade with Eurozone countries, ensuring transparent and efficient financial transactions.
Check Out Black Market Rate: Latest Dollar to Naira Exchange Rate Today, March 6, 2024
CBN Swiss Franc to Naira Rate
CHF Exchange Rate: 1762.66 NGN
Switzerland’s currency, the Swiss Franc, is a significant player in international finance. The CBN has set the Swiss Franc to Naira rate at 1762.66 NGN, reflecting the precise valuation of the currency in relation to the Nigerian Naira. This information is invaluable for those involved in trade or investment activities with Switzerland.
CBN Japanese Yen to Naira Rate
JPY Exchange Rate: 10.37 NGN
The Japanese Yen to Naira rate is a critical factor for businesses and investors engaged in economic activities between Japan and Nigeria. As of March 6th, 2024, the CBN has established the exchange rate at 10.37 NGN, providing a clear benchmark for financial transactions involving the Japanese Yen.
CBN West African CFA Franc to Naira Rate
XOF Exchange Rate: 2.55 NGN
The West African CFA Franc is used by several West African countries, and its exchange rate against the Naira is a key determinant in regional trade. The CBN West African CFA Franc to Naira rate is fixed at 2.55 NGN, reflecting the CBN’s commitment to transparency and accuracy in exchange rate calculations.
CBN West African Unit of Account to Naira Rate
WAUA Exchange Rate: 2048.46 NGN
For those dealing with the West African Unit of Account, the CBN West African Unit of Account to Naira rate is crucial information. At 2048.46 NGN, this rate provides clarity for businesses and investors involved in financial activities within the West African Economic and Monetary Union (WAEMU).
READ ALSO: Latest Cement Price Update Today, Wednesday, 6th March 2024
CBN Chinese Yuan to Naira Rate
CNY Exchange Rate: 216.83 NGN
China’s influence on the global economy is undeniable, and the CBN Chinese Yuan to Naira rate is a reflection of this interconnectedness. At 216.83 NGN, this rate is vital for businesses and individuals engaged in trade and investment between China and Nigeria.
CBN Saudi Riyal to Naira Rate
SAR Exchange Rate: 416.23 NGN
Saudi Arabia’s currency, the Riyal, holds significance in international trade, and the CBN Saudi Riyal to Naira rate stands at 416.23 NGN. This rate is instrumental for those involved in economic activities between Saudi Arabia and Nigeria, offering a precise valuation for financial transactions.
CBN South African Rand to Naira Rate
ZAR Exchange Rate: 82.03 NGN
The CBN South African Rand to Naira rate is crucial for businesses and investors engaged in economic activities between South Africa and Nigeria. At 82.03 NGN, this rate provides a clear benchmark for financial transactions involving the South African Rand.
In conclusion, staying abreast of the latest exchange rates provided by the Central Bank of Nigeria is imperative for businesses, investors, and individuals involved in international trade and finance. The rates announced on March 6th, 2024, serve as a reliable guide for transparent and efficient financial transactions.
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