The black market rate for 38720 Dollars to Naira is 65,496,816 NGN as of today, 01:33 PM WAT.
When you convert 38720 US Dollars to Nigerian Naira, you get 65,496,816 NGN, using the rate of 0.000591 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 |
|---|---|
| 38720 Dollars to Naira | 65,496,816 |
| 38720 Tether USD to Naira | 58,198,096 |
| 38720 British Pounds to Naira | 84,959,075.52 |
| 38720 Euros to Naira | 70,876,572.8 |
Last 7 days, 38720 USD was traded for 65,496,807 NGN, yesterday it went for 65,496,814.5 NGN, and today it averages 65,496,816 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 38720 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Monday, 30th September 2024 | $38720 = 65,496,816 Naira |
| Sunday, 29th September 2024 | $38720 = 65,496,814.5 Naira |
| Saturday, 28th September 2024 | $38720 = 65,496,813 Naira |
| Friday, 27th September 2024 | $38720 = 65,496,811.5 Naira |
| Thursday, 26th September 2024 | $38720 = 65,496,810 Naira |
| Wednesday, 25th September 2024 | $38720 = 65,496,808.5 Naira |
| Tuesday, 24th September 2024 | $38720 = 65,496,807 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,691.55 |
| 10 Dollars (USD) to Naira | 16,915.5 |
| 20 Dollars (USD) to Naira | 33,831 |
| 30 Dollars (USD) to Naira | 50,746.5 |
| 40 Dollars (USD) to Naira | 67,662 |
| 50 Dollars (USD) to Naira | 84,577.5 |
| 60 Dollars (USD) to Naira | 101,493 |
| 70 Dollars (USD) to Naira | 118,408.5 |
| 80 Dollars (USD) to Naira | 135,324 |
| 90 Dollars (USD) to Naira | 152,239.5 |
| 100 Dollars (USD) to Naira | 169,155 |
| 200 Dollars (USD) to Naira | 338,310 |
| 300 Dollars (USD) to Naira | 507,465 |
| 500 Dollars (USD) to Naira | 845,775 |
| 700 Dollars (USD) to Naira | 1,184,085 |
| 1,000 Dollars (USD) to Naira | 1,691,550 |
| 1,500 Dollars (USD) to Naira | 2,537,325 |
| 2,000 Dollars (USD) to Naira | 3,383,100 |
| 3,000 Dollars (USD) to Naira | 5,074,650 |
| 5,000 Dollars (USD) to Naira | 8,457,750 |
| 10,000 Dollars (USD) to Naira | 16,915,500 |
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.