Euro To Naira Exchange Rate In Black Market Today January 2017 - 1 EUR to NGN - KikioTolu Euro To Naira Exchange Rate In Black Market Today January 2017 - 1 EUR to NGN

Sunday, 15 January 2017

Euro To Naira Exchange Rate In Black Market Today January 2017 - 1 EUR to NGN

Here is the page to get the Euro to Naira 1 EUR to NGN exchange rate in the black market today, this January 2017. It is necessary for you to check the daily exchange rates of the Euro to naira before you do business in the foreign exchange market. We would be updating this page daily with the daily exchange rates which am sire you know is not static.

Euro To Naira Exchange Rate In Black Market Today December 2016

This post was updated on the 15th of January 2017

Euro To Naira Exchange Rate In Black Market Today January 2017 – 1 Eur to Ngn

Buy: 1 EUR = 505 NGN
Sell: 1 EUR = 515 NGN

The above exchange rate is extremely high and really embarrassing. When 1 Euro is equal go over 500 naira we should know that the naira has really lost it's value in the foreign exchange market. The naira needs to be worked on before it becomes something of ridicule in the foreign exchange market. There you have it on the Euro to naira rate, for those in need of the exchange rates of the naira to other currencies you can check below.

Euro To Naira 1 EUR To NGN Exchange Rate For Today January 2017 {Updated 15/01/2017}

• Official CBN Rate Of The Euro To Naira Today January 2017
-1.00 EUR = 320 NGN

• Black Market Rate Of The Euro To Naira Today January 2017
Buy: 1 EUR = 505 NGN
Sell: 1 EUR = 515 NGN

• GTBank Rate Of The Euro To Naira Today January 2017
-1.00 EUR = 390 NGN

Dollar To Naira 1 USD To NGN Exchange Rate For Today January 2017 {Updated 15/01/2017}

• Official CBN Rate Of The US Dollar To Naira Today January 2017
-1.00 USD = 305 NGN

• Black Market Rate Of The US Dollar To Naira Today January 2017
-1.00 USD = 490 NGN

• GTBank Rate Of The US Dollar To Naira Today January 2017
-1.00 USD = 320 NGN

Pounds To Naira 1 GBP To NGN Exchange Rate For Today January 2017 {Updated 15/01/2017}

• Official CBN Rate Of The Pounds To Naira Today January 2017
-1.00 GBP = 369 NGN

• Black Market Rate Of The Pounds To Naira Today January 2017
Buy: 1 GBP = 590 NGN
Sell: 1 GBP = 597 NGN

• GTBank Rate Of The Pounds To Naira Today January 2017
-1.00 GBP = 401 NGN

How Was The Euro To Naira Black Market Exchange Rate Set

Many people wonder how exchange rates are set while some even believe the Europeans and Americans use tricky means to devalue the naira. Exchange rates are determined by one of the simplest rule in economics, Demand and Supply. The value of a currency is determined by the demand and supply of that currency. Exchange rates are determined in the foreign exchange market, where currency trading is continuous: 24 hours a day except weekends. The spot exchange rate refers to the current exchange rate of a currency while the forward exchange rate refers to an exchange rate which is quoted and traded today but set for delivery and payment on a future date.


All You Need To Know About The Euro

The Euro is used in the Eurozone which consist of 19 countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Slovenia, Slovakia, Estonia, Spain, Cyprus and Malta. This currency was introduced in the year 2002 and has the currency symbol of € and currency code of EUR.

All You Need To Know About The Naira

The Naira is the official currency of Nigeria, which is the largest country in Africa in terms of population. One naira can be subdivided into a 100 kobo. The naira had a currency code of NGN and currency symbol of ₦.

That is all for now on Euro To Naira Exchange Rate In Black Market Today January 2017. Kindly check back for updates in this rate, which are sure to occur as the Foreign exchange market is not static.



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