The black market rate for 12320 Dollars to Naira is 20,306,440 NGN as of today, 06:50 AM WAT.
When you convert 12320 US Dollars to Nigerian Naira, you get 20,306,440 NGN, using the rate of 0.000607 USD for 1 NGN. *This rate is obtained using the black market average across various unofficial channels outside the CBN.
You can use the currency converter above to check USD rates and it’s NGN equivalent. See also our USDT to Naira converter.
| Currency Conversion | Black Market Rate in Naira |
|---|---|
| 12320 Dollars to Naira | 20,306,440 |
| 12320 Tether USD to Naira | 20,309,520 |
| 12320 British Pounds to Naira | 24,698,273.6 |
| 12320 Euros to Naira | 20,404,876.8 |
Last 7 days, 12320 USD was traded for 20,306,431 NGN, yesterday it went for 20,306,438.5 NGN, and today it averages 20,306,440 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 12320 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Wednesday, 1st January 2025 | $12320 = 20,306,440 Naira |
| Tuesday, 31st December 2024 | $12320 = 20,306,438.5 Naira |
| Monday, 30th December 2024 | $12320 = 20,306,437 Naira |
| Sunday, 29th December 2024 | $12320 = 20,306,435.5 Naira |
| Saturday, 28th December 2024 | $12320 = 20,306,434 Naira |
| Friday, 27th December 2024 | $12320 = 20,306,432.5 Naira |
| Thursday, 26th December 2024 | $12320 = 20,306,431 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,648.25 |
| 10 Dollars (USD) to Naira | 16,482.5 |
| 20 Dollars (USD) to Naira | 32,965 |
| 30 Dollars (USD) to Naira | 49,447.5 |
| 40 Dollars (USD) to Naira | 65,930 |
| 50 Dollars (USD) to Naira | 82,412.5 |
| 60 Dollars (USD) to Naira | 98,895 |
| 70 Dollars (USD) to Naira | 115,377.5 |
| 80 Dollars (USD) to Naira | 131,860 |
| 90 Dollars (USD) to Naira | 148,342.5 |
| 100 Dollars (USD) to Naira | 164,825 |
| 200 Dollars (USD) to Naira | 329,650 |
| 300 Dollars (USD) to Naira | 494,475 |
| 500 Dollars (USD) to Naira | 824,125 |
| 700 Dollars (USD) to Naira | 1,153,775 |
| 1,000 Dollars (USD) to Naira | 1,648,250 |
| 1,500 Dollars (USD) to Naira | 2,472,375 |
| 2,000 Dollars (USD) to Naira | 3,296,500 |
| 3,000 Dollars (USD) to Naira | 4,944,750 |
| 5,000 Dollars (USD) to Naira | 8,241,250 |
| 10,000 Dollars (USD) to Naira | 16,482,500 |
In Nigeria, the black market for USD (Black Market Dollars) refers to the unofficial exchange of U.S. dollars at rates significantly higher than the official rate set by the Central Bank of Nigeria. This unregulated parallel market reflects economic pressures such as inflation, foreign exchange shortages, and regulatory constraints.
The Nigerian Naira (NGN), represented by the symbol ₦, is Nigeria's official currency. It is issued by the Central Bank of Nigeria and is used for all domestic transactions, available in both coin and banknote forms.