The black market rate for 500 Dollars to Naira is 864,585 NGN as of today, 11:27 PM WAT.
When you convert 500 US Dollars to Nigerian Naira, you get 864,585 NGN, using the rate of 0.000578 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 |
|---|---|
| 500 Dollars to Naira | 864,585 |
| 500 Tether USD to Naira | 860,500 |
| 500 British Pounds to Naira | 1,083,235 |
| 500 Euros to Naira | 913,730 |
Last 7 days, 500 USD was traded for 864,576 NGN, yesterday it went for 864,583.5 NGN, and today it averages 864,585 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 500 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Tuesday, 5th November 2024 | $500 = 864,585 Naira |
| Monday, 4th November 2024 | $500 = 864,583.5 Naira |
| Sunday, 3rd November 2024 | $500 = 864,582 Naira |
| Saturday, 2nd November 2024 | $500 = 864,580.5 Naira |
| Friday, 1st November 2024 | $500 = 864,579 Naira |
| Thursday, 31st October 2024 | $500 = 864,577.5 Naira |
| Wednesday, 30th October 2024 | $500 = 864,576 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,729.17 |
| 10 Dollars (USD) to Naira | 17,291.7 |
| 20 Dollars (USD) to Naira | 34,583.4 |
| 30 Dollars (USD) to Naira | 51,875.1 |
| 40 Dollars (USD) to Naira | 69,166.8 |
| 50 Dollars (USD) to Naira | 86,458.5 |
| 60 Dollars (USD) to Naira | 103,750.2 |
| 70 Dollars (USD) to Naira | 121,041.9 |
| 80 Dollars (USD) to Naira | 138,333.6 |
| 90 Dollars (USD) to Naira | 155,625.3 |
| 100 Dollars (USD) to Naira | 172,917 |
| 200 Dollars (USD) to Naira | 345,834 |
| 300 Dollars (USD) to Naira | 518,751 |
| 500 Dollars (USD) to Naira | 864,585 |
| 700 Dollars (USD) to Naira | 1,210,419 |
| 1,000 Dollars (USD) to Naira | 1,729,170 |
| 1,500 Dollars (USD) to Naira | 2,593,755 |
| 2,000 Dollars (USD) to Naira | 3,458,340 |
| 3,000 Dollars (USD) to Naira | 5,187,510 |
| 5,000 Dollars (USD) to Naira | 8,645,850 |
| 10,000 Dollars (USD) to Naira | 17,291,700 |
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.