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 News

Dollar, Euro and Pounds To Naira Exchange Rate For Today, November 11 2023

Eriki Joan UgunushebyEriki Joan Ugunushe
November 11, 2023
in News
0
Dollar, Euro and Pounds To Naira Exchange Rate For Today, December 10 2023

Dollar, Euro and Pounds To Naira Exchange Rate For Today, December 10 2023

Share on FacebookShare on TwitterShare on Whatsapp

As of today, November 11 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 1125
Selling Rate 1179

Euro to Naira Black Market Exchange Rate (EUR to NGN):
Buying Rate:1171
Selling Rate: 1122

Pounds to Naira Black Market Exchange Rate (GBP to NGN):
Buying Rate: 1354
Selling Rate: 1303

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. Central bank interventions in the foreign exchange market can influence the exchange rate.

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.

Please bear in mind that the information provided here is subject to change, and the exchange rates you encounter when buying or selling currency may differ from those mentioned in this article.

Tags: Aboki/Bureau De Change (BDC)exchange rates for the Nigerian Naira (NGN)Naira Black Market exchange rates
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

"The Well Has Run Dry": US Cuts Off Food Stamps for 42 Million in Political Showdown
News

“The Well Has Run Dry”: US Cuts Off Food Stamps for 42 Million in Political Showdown

October 28, 2025
US Flight Delays Set to Worsen as Controllers Go Unpaid
News

US Flight Delays Set to Worsen as Controllers Go Unpaid

October 27, 2025
Break in Louvre Heist: Two Suspects Arrested at Airport in €88 Million Jewel Theft
News

Break in Louvre Heist: Two Suspects Arrested at Airport in €88 Million Jewel Theft

October 27, 2025
Next Post
North Korea’s Foreign Ministry Slams Blinken’s Remarks on North Korea-Russia Ties

North Korea's Foreign Ministry Slams Blinken's Remarks on North Korea-Russia Ties

Mexico City Enforces Extensive Water Restrictions Amid Drought-Induced Reservoir Depletion

Mexico City Enforces Extensive Water Restrictions Amid Drought-Induced Reservoir Depletion

Off-Cycle Polls: Voting Commences In Bayelsa, Imo, Kogi

Off-Cycle Polls: Voting Commences In Bayelsa, Imo, Kogi

Leave a Reply Cancel reply

Your email address will not be published.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

Recommended

Lagos High Court Restricts Protests to Designated Areas

Lagos High Court Restricts Protests to Designated Areas

1 year ago
“You Did Not Even Come Second”– Soyinka Derides Peter Obi

“You Did Not Even Come Second”– Soyinka Derides Peter Obi

2 years ago
US Sees “Hopeful Sign” for a Ceasefire in Gaza

US Sees “Hopeful Sign” for a Ceasefire in Gaza

1 year ago
Zelensky Accuses Russia of Sabotaging Peace Summit to Prolong Ukraine War

Zelensky Accuses Russia of Sabotaging Peace Summit to Prolong Ukraine War

2 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

Mali’s Schools Become Latest Casualty in Jihadist Blockade as Fuel Crisis Worsens

Trump Eyes Third Term, Dismisses VP Path as Constitutional Showdown Looms

Trump Skips G20, Sends JD Vance to Africa Instead

Ten on Trial for Spreading “Brigitte Macron Is a Man” Hoax

“Too Cute”: Trump Dismisses Plan to Return as VP in 2028

After Months of Speculation, Ice Prince Explains His Shocking Transformation

Trending

How J Martins Miraculously Walked Away From a Potentially Fatal Crash
Entertainment

How J Martins Miraculously Walked Away From a Potentially Fatal Crash

byAyobami Owolabi
October 28, 2025
0

Nigerian singer and Senior Special Assistant on Tourism and Entertainment to the Abia State Governor, Martins Okechukwu...

Kim Kardashian’s Daughter’s New Look Divides Fans — See How Kim Reacted

Kim Kardashian’s Daughter’s New Look Divides Fans — See How Kim Reacted

October 28, 2025
Davido Explains Why He Chose Akwa Ibom as the First Stop for His Nigerian Concert

Davido Explains Why He Chose Akwa Ibom as the First Stop for His Nigerian Concert

October 28, 2025
Mali's Schools Become Latest Casualty in Jihadist Blockade as Fuel Crisis Worsens

Mali’s Schools Become Latest Casualty in Jihadist Blockade as Fuel Crisis Worsens

October 27, 2025
Trump Eyes Third Term, Dismisses VP Path as Constitutional Showdown Looms

Trump Eyes Third Term, Dismisses VP Path as Constitutional Showdown Looms

October 28, 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

  • How J Martins Miraculously Walked Away From a Potentially Fatal Crash
  • Kim Kardashian’s Daughter’s New Look Divides Fans — See How Kim Reacted
  • Davido Explains Why He Chose Akwa Ibom as the First Stop for His Nigerian Concert

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