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The official exchange rate set by the Central Bank of Nigeria: naira to U.S. dollar is approximately ₦767.54 per 1 US dollar. This rate is almost two times different from the illegal black market exchange rate. The Black-Market exchange rate of the naira to the U.S. dollar is approximately ₦752.50 per 1 US dollar.
In the fourth quarter of 2019, the black market exchange rate reached £L1,600 to the dollar, and increased to £L3,000 per dollar in April 2020, [22] [23] £L14,000 per dollar in March 2021 and £L15,200 per dollar in June 2021. [24] One bank allowed depositors to withdraw Lebanese pounds from their dollar account at £L2,000 to US$1.
The black market exchange rates (USD to MMK) decrease during the peak of the tourist season in Burma (December to January). During the 2003 Myanmar banking crisis, the kyat's black market rate appreciated when distrust in kyat-deposited banks increased demand for kyat banknotes. [4] At its peak, the kyat traded for as high as Ks. 850/- per USD. [5]
The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, [1] often referred to as a basket of U.S. trade partners' currencies. [2] The Index goes up when the U.S. dollar gains "strength" (value) when compared to other currencies.
However, since the 2020 economic crisis in Lebanon, exchange at this rate was generally unavailable, and an informal currency market developed with much higher exchange rates. [5] On 1 February 2023, the Central Bank reset the currency peg at LL 15,000 per US dollar. [6] By mid-March 2023, the "parallel market" rate had fallen to LL 100,000 per ...
USD/ SEK exchange rate. USD/ CHF exchange rate. The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging ...
The company bases its computed exchange rates of the Venezuelan bolívar to the Euro or the United States dollar from the fees on trades in Cúcuta, Colombia, a city near the border of Venezuela. [8] Currently, with no other reliable source other than the black market exchange rates, these rates are used by Reuters , CNBC , and several media ...
17 of the most valuable items on the black market. Drugs, weapons and human trafficking. That's probably what comes to mind when thinking about the black market -- but the illegal trade is more ...