The black market rate for 38050 Dollars to Naira is 66,541,840 NGN as of today, 03:20 AM WAT.
When you convert 38050 US Dollars to Nigerian Naira, you get 66,541,840 NGN, using the rate of 0.000572 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 |
|---|---|
| 38050 Dollars to Naira | 66,541,840 |
| 38050 Tether USD to Naira | 66,207,000 |
| 38050 British Pounds to Naira | 80,125,842.2 |
| 38050 Euros to Naira | 67,990,023 |
Last 7 days, 38050 USD was traded for 66,541,831 NGN, yesterday it went for 66,541,838.5 NGN, and today it averages 66,541,840 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 38050 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Monday, 18th November 2024 | $38050 = 66,541,840 Naira |
| Sunday, 17th November 2024 | $38050 = 66,541,838.5 Naira |
| Saturday, 16th November 2024 | $38050 = 66,541,837 Naira |
| Friday, 15th November 2024 | $38050 = 66,541,835.5 Naira |
| Thursday, 14th November 2024 | $38050 = 66,541,834 Naira |
| Wednesday, 13th November 2024 | $38050 = 66,541,832.5 Naira |
| Tuesday, 12th November 2024 | $38050 = 66,541,831 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,748.8 |
| 10 Dollars (USD) to Naira | 17,488 |
| 20 Dollars (USD) to Naira | 34,976 |
| 30 Dollars (USD) to Naira | 52,464 |
| 40 Dollars (USD) to Naira | 69,952 |
| 50 Dollars (USD) to Naira | 87,440 |
| 60 Dollars (USD) to Naira | 104,928 |
| 70 Dollars (USD) to Naira | 122,416 |
| 80 Dollars (USD) to Naira | 139,904 |
| 90 Dollars (USD) to Naira | 157,392 |
| 100 Dollars (USD) to Naira | 174,880 |
| 200 Dollars (USD) to Naira | 349,760 |
| 300 Dollars (USD) to Naira | 524,640 |
| 500 Dollars (USD) to Naira | 874,400 |
| 700 Dollars (USD) to Naira | 1,224,160 |
| 1,000 Dollars (USD) to Naira | 1,748,800 |
| 1,500 Dollars (USD) to Naira | 2,623,200 |
| 2,000 Dollars (USD) to Naira | 3,497,600 |
| 3,000 Dollars (USD) to Naira | 5,246,400 |
| 5,000 Dollars (USD) to Naira | 8,744,000 |
| 10,000 Dollars (USD) to Naira | 17,488,000 |
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.