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 Food & Nutrition

Dollar, Euro and Pounds To Naira Exchange Rate For Today, November 23 2023

Eriki Joan UgunushebyEriki Joan Ugunushe
November 23, 2023
in Food & Nutrition, News
0
Dollar, Euro and Pounds To Naira Exchange Rate For Today, December 8 2023

Dollar, Euro and Pounds To Naira Exchange Rate For Today, December 8 2023

Share on FacebookShare on TwitterShare on Whatsapp

As of today, November
23 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 1146
Selling Rate 1138

Euro to Naira Black Market Exchange Rate (EUR to NGN):
Buying Rate:1217
Selling Rate: 1198

Pounds to Naira Black Market Exchange Rate (GBP to NGN):
Buying Rate: 1417
Selling Rate: 1392

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: Dollar ratefederal characterNaira Black Market exchange ratesNaira rateNaira to dollar todayNewsNigeria
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

After Bologna Ban, What’s Really Happening Across Italy’s Streets?
News

After Bologna Ban, What’s Really Happening Across Italy’s Streets?

October 6, 2025
Is Italy's Government "Nervous" as Gaza Protests Put Pressure on Meloni
News

Is Italy’s Government “Nervous” as Gaza Protests Put Pressure on Meloni

October 4, 2025
Why Were Dozens of Flights Canceled at Amsterdam's Schiphol Airport
News

Why Were Dozens of Flights Canceled at Amsterdam’s Schiphol Airport

October 4, 2025
Next Post
North Korea Abandons Military Accord, Unleashes Stronger Forces at South Korean Border

North Korea Abandons Military Accord, Unleashes Stronger Forces at South Korean Border

Finland Closes Multiple Russian Border Crossings Amid Influx of Asylum Seekers

Finland Closes Multiple Russian Border Crossings Amid Influx of Asylum Seekers

Just In: Appeal Court Confirms Gov Yahaya’s Election Victory

Just In: Appeal Court Confirms Gov Yahaya’s Election Victory

Leave a Reply Cancel reply

Your email address will not be published.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

Recommended

Microsoft to educate five million Nigerians – Minister

Microsoft to educate five million Nigerians – Minister

3 years ago
Nigeria’s Drug Crisis: Can Tinubu’s Action Plan Deliver Relief?

Nigeria’s Drug Crisis: Can Tinubu’s Action Plan Deliver Relief?

2 years ago
Human Rights Lawyer Arrested Over Defamation Allegation

Human Rights Lawyer Arrested Over Defamation Allegation

10 months ago
BBnaija S7: Adekunle becomes the HOH as the housemates switch homes

BBnaija S7: Adekunle becomes the HOH as the housemates switch homes

3 years 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

Epstein Case: Does the Supreme Court’s Ruling End Ghislaine Maxwell’s Legal Battle?

Who is ‘Captain Tesha’ and Why Did His Video Prompt a Tanzania Army Warning?

Untold Mentorship of Wizkid That Shaped Seyi Shay

Lebanon Mourns as Israeli Strike Wipes Out Family Again

Ojulari Says Cooking Gas Price Surge Was Fake

Macron Loses Another Ally as France’s Shortest-Serving PM Walks Out

Trending

After Bologna Ban, What’s Really Happening Across Italy’s Streets?
News

After Bologna Ban, What’s Really Happening Across Italy’s Streets?

bySomto Nwanolue
October 6, 2025
0

The decision by Bologna’s prefect to ban a pro-Palestinian demonstration is a capitulation to fear and a...

Did UK Government Policy Cause a Major National Security Trial to Collapse?

Did UK Government Policy Cause a Major National Security Trial to Collapse?

October 6, 2025
Israel-Gaza Conflict: What Happened To Greta Thunberg in Detention?

Israel-Gaza Conflict: What Happened To Greta Thunberg in Detention?

October 6, 2025
Epstein Case: Does the Supreme Court's Ruling End Ghislaine Maxwell's Legal Battle?

Epstein Case: Does the Supreme Court’s Ruling End Ghislaine Maxwell’s Legal Battle?

October 6, 2025
Who is 'Captain Tesha' and Why Did His Video Prompt a Tanzania Army Warning?

Who is ‘Captain Tesha’ and Why Did His Video Prompt a Tanzania Army Warning?

October 6, 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

  • After Bologna Ban, What’s Really Happening Across Italy’s Streets?
  • Did UK Government Policy Cause a Major National Security Trial to Collapse?
  • Israel-Gaza Conflict: What Happened To Greta Thunberg in Detention?

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