Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

Dollar, Euro and Pounds To Naira Exchange Rate For Today, December 19 2024

Eriki Joan UgunushebyEriki Joan Ugunushe
December 19, 2024
in Business & Finance
0
Naira Recovers by N25 in Black Market Amid Moderation in Dollar Demand
Share on FacebookShare on TwitterShare on Whatsapp

As of today, December 19 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN) to the respective currencies: It includes the Naira Black Market exchange rates, Aboki/Bureau De Change (BDC).

Naira to Dollar Exchange Rate (USD to NGN):
Buying Rate 1665
Selling Rate: 1650

Euro to Naira Black Market Exchange Rate (EUR to NGN):
Buying Rate:1725
Selling Rate: 1690

Pounds to Naira Black Market Exchange Rate (GBP to NGN)
Buying Rate: 2120
Selling Rate: 2099

Factors That Determines Exchange Rates:

  • Interest rates: Higher interest rates can attract foreign investors seeking better returns, leading to increased demand for the local currency and strengthening its exchange rate. Conversely, lower interest rates may discourage foreign investment and result in currency depreciation.
  • Balance of trade: A trade surplus, where exports exceed imports, creates demand for the local currency as foreign countries purchase goods and services. This increased demand strengthens the exchange rate. Conversely, a trade deficit can put downward pressure on the currency.
  • Foreign direct investment (FDI): Higher levels of foreign direct investment indicate confidence in a country’s economic prospects and can lead to increased demand for the local currency, strengthening its exchange rate.
  • Government policies and interventions: Government decisions, such as monetary policies and foreign exchange controls, can directly impact exchange rates.
  • Global economic factors: Global economic conditions, including economic growth, interest rate differentials, and geopolitical events, can affect exchange rates. Changes in the global economic environment can result in capital flows into or out of a country, influencing its exchange rate.

It’s important to recognize that these factors are interconnected, and changes in one factor can have cascading effects on others. This interdependence makes exchange rates a complex and dynamic system.

Tags: Aboki/Bureau De Change (BDC)cbnDecember 19 2024DollarEuro and Pounds To Naira Exchange Rate For Todayfederal characterNewsNigeria
Eriki Joan Ugunushe

Eriki Joan Ugunushe

Eriki Joan Ugunushe is a dedicated news writer and an aspiring entertainment and media lawyer. Graduated from the University of Ibadan, she combines her legal acumen with a passion for writing to craft compelling news stories.Eriki's commitment to effective communication shines through her participation in the Jobberman soft skills training, where she honed her abilities to overcome communication barriers, embrace the email culture, and provide and receive constructive feedback. She has also nurtured her creativity skills, understanding how creativity fosters critical thinking—a valuable asset in both writing and law.

Related Posts

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 3, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 2, 2025
Is YouTube the Future or a Trap for Nollywood?
Business & Finance

$24.5M Silence Fee? Trump Wins Against YouTube

October 1, 2025
Next Post
Who Benefits from Abuja Land Revocations? Questions Surround Wike’s Motives

Who Benefits from Abuja Land Revocations? Questions Surround Wike's Motives

UK Slams Russia’s Medvedev for ‘Gangster Threat’ Against Journalists

UK Slams Russia’s Medvedev for ‘Gangster Threat’ Against Journalists

UK: Teen Pleads ‘Not Guilty’ in Controversial Southport Murders Case

UK: Teen Pleads ‘Not Guilty’ in Controversial Southport Murders Case

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Former Chief Justice Mohammed Uwais Dead at 89

Former Chief Justice Mohammed Uwais Dead at 89

4 months ago
Kwara has received World Bank financing to improve primary healthcare

Kwara has received World Bank financing to improve primary healthcare

3 years ago
Yahaya Bello Seeks Transfer of N80.2bn Fraud Case to Kogi State

Yahaya Bello Seeks Transfer of N80.2bn Fraud Case to Kogi State

1 year ago
Court Ruling Shakes Up South Korea Presidential Race

Court Ruling Shakes Up South Korea Presidential Race

5 months ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Is Britain’s Fight Against Antisemitism Failing After Manchester Synagogue Attack

Is China’s New ‘K Visa’ a Direct Challenge to the US H-1B Program?

BBNaija S10: Here’s Why Fans Are Demanding Faith’s Disqualification

Supreme Court or Nothing: Rivers Emergency Suit Thrown Out

NARD Sounds Alarm as Malnutrition Wipes Out Nigeria’s Next Generation

Investors Dumped U.S. Assets Overnight As Government Shutdown

Trending

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

byEriki Joan Ugunushe
October 3, 2025
0

The Nigerian Naira has been dealt yet another humiliating blow in the black market, as foreign currencies—particularly...

Oba Ewuare II Dismisses Iyaloja Role In Benin

Oba Ewuare II Dismisses Iyaloja Role In Benin

October 2, 2025
Shah Rukh Khan a Billionaire? How the ‘King of Bollywood’ Built His Empire

Shah Rukh Khan a Billionaire? How the ‘King of Bollywood’ Built His Empire

October 2, 2025
Is Britain's Fight Against Antisemitism Failing After Manchester Synagogue Attack

Is Britain’s Fight Against Antisemitism Failing After Manchester Synagogue Attack

October 2, 2025
Is China's New 'K Visa' a Direct Challenge to the US H-1B Program?

Is China’s New ‘K Visa’ a Direct Challenge to the US H-1B Program?

October 2, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
  • Oba Ewuare II Dismisses Iyaloja Role In Benin
  • Shah Rukh Khan a Billionaire? How the ‘King of Bollywood’ Built His Empire

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com