Naira to Dollar exchange rate today, Wednesday, June 17, 2026

Nigeria’s currency, the naira, remained largely stable against the United States dollar on Wednesday, June 17, 2026, trading at about ₦1,363.83/$1 at the official market, while the dollar exchanged for between ₦1,395 and ₦1,405/$1 in the parallel market.

Recent data from the Nigerian Foreign Exchange Market (NFEM) showed the local currency continuing to trade within the ₦1,360–₦1,364 range against the dollar, reflecting sustained stability in the official foreign exchange window.

The latest available official exchange rate stood at approximately ₦1,363.83 per dollar, indicating minimal fluctuations in recent trading sessions.

Market observers noted that the official rate has largely remained within the ₦1,350–₦1,375 band throughout June, supported by improved liquidity conditions and ongoing foreign exchange reforms.

At the parallel market, commonly referred to as the black market, the dollar traded between ₦1,395 and ₦1,405, depending on location and dealer quotations.

Reports from currency traders indicated buying rates around ₦1,395 and selling rates ranging from ₦1,400 to ₦1,405 per dollar.

Based on prevailing rates, $100 would convert to approximately ₦136,383 at the official market and around ₦140,000 in the parallel market.

The gap between official and parallel market rates has remained relatively narrow compared with previous years, suggesting stronger convergence in Nigeria’s foreign exchange market.

Analysts attributed the naira’s stability to improved foreign exchange inflows, increased market confidence and policy measures designed to boost transparency and liquidity within the currency market.

However, exchange rates may differ across banks, bureaux de change, locations and individual forex dealers, while intraday trading activities can also influence market prices.