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  2. Nigerian naira - Wikipedia

    en.wikipedia.org/wiki/Nigerian_naira

    When the naira was introduced, it had an official exchange rate of US$1.52 for ₦1, though a currency black market existed in which the naira traded at a discount relative to the official exchange rate. The official exchange rate set by the Central Bank of Nigeria: naira to U.S. dollar is approximately ₦767.54 per 1 US dollar.

  3. List of circulating fixed exchange rate currencies - Wikipedia

    en.wikipedia.org/wiki/List_of_circulating_fixed...

    This is a list of circulating fixed exchange rate currencies, ... Singapore dollar: 1 Bulgarian lev: Euro: 1.95583 Cape Verdean escudo: Euro: 110.265 Caribbean guilder:

  4. List of currencies in Africa - Wikipedia

    en.wikipedia.org/wiki/List_of_currencies_in_Africa

    The exchange rate is grossly more favourable to the seller of the foreign currency than is the official bank rate, but such trading is usually illegal. [ citation needed ] In many rural areas there is still a strong bartering culture, the exchanged items being of more immediate value than official currency (following the principle that one can ...

  5. Singapore Swap Offer Rate - Wikipedia

    en.wikipedia.org/wiki/Singapore_Swap_Offer_Rate

    It is an alternative to Singapore Interbank Offered Rate (SIBOR) which is a measure of the interbank money market rates. [1] As of December 2018, SOR is measured and published periods of overnight, 1 month, 3 month, and 6 month. Like SIBOR, SOR is set by the Association of Banks in Singapore, and is also publicly available. [2]

  6. Second-Tier Foreign Exchange Market - Wikipedia

    en.wikipedia.org/wiki/Second-Tier_Foreign...

    Second-Tier Foreign Exchange Market sometimes known by the acronym SFEM was a second official foreign exchange market in Nigeria that opened in September 1986 and was effective until middle of 1987. [1] The market window was open to both Nigerians and foreigners and the initial plan was to find a market rate for the naira.

  7. 17 of the most valuable items on the black market - AOL

    www.aol.com/news/2017-06-08-17-of-the-most...

    But the rise of technology has led to an evolved "black market" -- and rather than exotic animals and tangible exports, data like credit card information and even streaming accounts are up for grabs.

  8. Exchange rate - Wikipedia

    en.wikipedia.org/wiki/Exchange_rate

    In many countries there is a distinction between the official exchange rate for permitted transactions within the country, and a parallel exchange rate (or black market, grey, unregulated, unofficial, etc. exchange rate) that responds to excess demand for foreign currency at the official exchange rate.

  9. International use of the U.S. dollar - Wikipedia

    en.wikipedia.org/wiki/International_use_of_the_U...

    Some other countries link their currency to U.S. dollar at a fixed exchange rate. The local currencies of Bermuda and the Bahamas can be freely exchanged at a 1:1 ratio for USD. Argentina used a fixed 1:1 exchange rate between the Argentine peso and the U.S. dollar from 1991 until 2002.