CryptoTamer
Wed Jul 17 2024
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6 answers
1258
What is the dollar to Naira parallel market exchange rate in Nigeria?
Could you please elaborate on the current dollar to Naira parallel market exchange rate in Nigeria? I'm particularly interested in understanding how it differs from the official exchange rate and the factors that might influence its fluctuations. Does the parallel market rate tend to be higher or lower than the official rate? Also, is there any significant volatility in the parallel market rate, and if so, what are the main causes behind it? Your insights would be invaluable in helping me gain a better understanding of this topic.
