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 27 2023

Eriki Joan UgunushebyEriki Joan Ugunushe
November 27, 2023
in News
0
Dollar, Euro and Pounds To Naira Exchange Rate For Today, November 5 2023

Exchange rate for November 25 2023

Share on FacebookShare on TwitterShare on Whatsapp

As of today, November

27 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 1161
Selling Rate 1152

Euro to Naira Black Market Exchange Rate (EUR to NGN):
Buying Rate:1246
Selling Rate: 1235

 

Pounds to Naira Black Market Exchange Rate (GBP to NGN):
Buying Rate: 1458
Selling Rate: 1435

Dollar, Euro and Pounds to Naira Exchange for November 27, 2023

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: 2023Aboki/Bureau De Change (BDC)cbnDollar rateexchange rates for the Nigerian Naira (NGN)federal 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

What Does a 'State of Calamity' Mean for the Philippine Province Struck by Earthquake?
News

What Does a ‘State of Calamity’ Mean for the Philippine Province Struck by Earthquake?

October 1, 2025
Is Morocco the Next Nepal? Inside the Gen Z Protests Shaking the Kingdom
News

Is Morocco the Next Nepal? Inside the Gen Z Protests Shaking the Kingdom

October 1, 2025
Is Peru's Youth Rebellion a Sign of a Deeper Political Crisis?
News

Is Peru’s Youth Rebellion a Sign of a Deeper Political Crisis?

September 29, 2025
Next Post
Closed-Door Trial Commences for Six Teens Linked to Beheading of French Teacher

Closed-Door Trial Commences for Six Teens Linked to Beheading of French Teacher

Federal Council Approves N27.5 Trillion 2024 Budget Amidst Skepticism Over Previous Spending

Federal Council Approves N27.5 Trillion 2024 Budget Amidst Skepticism Over Previous Spending

NCAA Begins Investigating the Detour of United Nigeria Airline Flight path to Asaba

NCAA Begins Investigating the Detour of United Nigeria Airline Flight path to Asaba

Leave a Reply Cancel reply

Your email address will not be published.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

Recommended

Zelenskyy Rejects U.S. Mineral Deal That Threatens Ukraine's EU Hopes

Trump Accuses Zelensky of Reneging on US-Ukraine Minerals Deal

6 months ago
FG Adds Thursday To The Eid-el-Fitr holiday

FG Adds Thursday To The Eid-el-Fitr holiday

1 year ago
Delay in Hostage Release: Hamas Insists on Northern Gaza Aid

Delay in Hostage Release: Hamas Insists on Northern Gaza Aid

2 years ago
Federal Council Approves N27.5 Trillion 2024 Budget Amidst Skepticism Over Previous Spending

Federal Council Approves N27.5 Trillion 2024 Budget Amidst Skepticism Over Previous Spending

2 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

PSG Stun Barcelona as Arsenal, Napoli Shine in Champions League Thriller Night

Valencia File Lawsuit Against Netflix Over Vinícius Júnior Documentary

Rema Just Hit a Major Milestone

DJ Cuppy Celebrates Nigeria’s Independence in a Way No One Saw Coming

The Biggest Potential Fashion Faux Pas at Selena Gomez and Benny Blanco’s Star-Studded Wedding

Why Did the Taliban Shut Down the Internet in Afghanistan?

Trending

Temi Otedola Breaks Silence on Name Change After Marriage
Entertainment

Temi Otedola Breaks Silence on Name Change After Marriage

byAyobami Owolabi
October 2, 2025
0

Actress and entrepreneur Temi Otedola, daughter of billionaire businessman Femi Otedola, has opened up about her choice...

Qdot Opens Up on Life-Threatening Robbery

Qdot Opens Up on Life-Threatening Robbery

October 2, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

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

October 2, 2025
PSG Stun Barcelona as Arsenal, Napoli Shine in Champions League Thriller Night

PSG Stun Barcelona as Arsenal, Napoli Shine in Champions League Thriller Night

October 2, 2025
Valencia File Lawsuit Against Netflix Over Vinícius Júnior Documentary

Valencia File Lawsuit Against Netflix Over Vinícius Júnior Documentary

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

  • Temi Otedola Breaks Silence on Name Change After Marriage
  • Qdot Opens Up on Life-Threatening Robbery
  • October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

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