The black market rate for 550 Dollars to Naira is 953,007 NGN as of today, 01:43 AM WAT.
When you convert 550 US Dollars to Nigerian Naira, you get 953,007 NGN, using the rate of 0.000577 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 |
|---|---|
| 550 Dollars to Naira | 953,007 |
| 550 Tether USD to Naira | 946,550 |
| 550 British Pounds to Naira | 1,187,448.35 |
| 550 Euros to Naira | 1,003,739 |
Last 7 days, 550 USD was traded for 952,998 NGN, yesterday it went for 953,005.5 NGN, and today it averages 953,007 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 550 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Wednesday, 6th November 2024 | $550 = 953,007 Naira |
| Tuesday, 5th November 2024 | $550 = 953,005.5 Naira |
| Monday, 4th November 2024 | $550 = 953,004 Naira |
| Sunday, 3rd November 2024 | $550 = 953,002.5 Naira |
| Saturday, 2nd November 2024 | $550 = 953,001 Naira |
| Friday, 1st November 2024 | $550 = 952,999.5 Naira |
| Thursday, 31st October 2024 | $550 = 952,998 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,732.74 |
| 10 Dollars (USD) to Naira | 17,327.4 |
| 20 Dollars (USD) to Naira | 34,654.8 |
| 30 Dollars (USD) to Naira | 51,982.2 |
| 40 Dollars (USD) to Naira | 69,309.6 |
| 50 Dollars (USD) to Naira | 86,637 |
| 60 Dollars (USD) to Naira | 103,964.4 |
| 70 Dollars (USD) to Naira | 121,291.8 |
| 80 Dollars (USD) to Naira | 138,619.2 |
| 90 Dollars (USD) to Naira | 155,946.6 |
| 100 Dollars (USD) to Naira | 173,274 |
| 200 Dollars (USD) to Naira | 346,548 |
| 300 Dollars (USD) to Naira | 519,822 |
| 500 Dollars (USD) to Naira | 866,370 |
| 700 Dollars (USD) to Naira | 1,212,918 |
| 1,000 Dollars (USD) to Naira | 1,732,740 |
| 1,500 Dollars (USD) to Naira | 2,599,110 |
| 2,000 Dollars (USD) to Naira | 3,465,480 |
| 3,000 Dollars (USD) to Naira | 5,198,220 |
| 5,000 Dollars (USD) to Naira | 8,663,700 |
| 10,000 Dollars (USD) to Naira | 17,327,400 |
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.