Latest Update on Dollar to Naira Exchange Rate – November 28, 2023

Dealing with money on the international stage can be a bit of a rollercoaster. Case in point? Exchange rates. They are always changing. Take the Nigerian Naira for instance. As tracked by Abokifx on November 28, 2023, the Naira’s value is.

Key Highlights:

1. USD to Naira Rates:

• BUY: 1153 NGN
• SELL: 1157 NGN

There’s been significant change in the value of the United States Dollar (USD) lately. It’s a sign of the constant twists and turns in our global economy. So, it’s important for you, the investor, to keep your eyes on these shifting rates. By staying informed, you’ll be better prepared for any potential market changes.

2. GBP, EUR, and CAD to Naira Rates:

• Pound to Naira:
  • BUY: 1440 NGN
  • SELL: 1460 NGN
• Euro to Naira:
  • BUY: 1230 NGN
  • SELL: 1245 NGN
• Canadian Dollar to Naira:
  • BUY: 870 NGN
  • SELL: 900 NGN

The exchange rates for the British Pound (GBP), Euro (EUR), and Canadian Dollar (CAD) indicate a mixed trend. Businesses engaged in international trade are urged to evaluate the implications of these rates on their transactions.

Trending:

3. Other Currency Exchange Rates:

• South African Rand (ZAR):
  • BUY: 50 NGN
  • SELL: 60 NGN
• UAE Dirham (AED):
  • BUY: 290 NGN
  • SELL: 310 NGN
• Chinese Yuan (CNY):
  • BUY: 120 NGN
  • SELL: 130 NGN
• Ghanaian Cedi (GHS):
  • BUY: 80 NGN
  • SELL: 95 NGN
• West African CFA franc (XOF):
  • BUY: 1570 NGN
  • SELL: 1590 NGN
• Central African CFA franc (XAF):
  • BUY: 1470 NGN
  • SELL: 1500 NGN
• Australian Dollar (AUD):
  • BUY: 570 NGN
  • SELL: 600 NGN

Navigating the global economy can be challenging, especially when your business stretches across borders. That’s why understanding exchange rates, like the one between the dollar and the naira, is so important for your financial planning. 

Let’s take a look at the current state of the dollar to naira exchange rate as of November 28, 2023. Trust me, this information will be a valuable asset in your financial forecast and planning toolkit.

Implications for Businesses and Individuals:

1. Trade Decisions:

• Businesses involved in international trade must carefully consider the exchange rates to optimize profits and minimize risks associated with currency fluctuations.

1. Investment Strategy:

• Investors should keep a watchful eye on the market trends, as the rates can significantly impact the returns on foreign investments.

1. Personal Finances:

• Individuals planning international travel or involved in foreign transactions should be mindful of the exchange rates to manage their budgets effectively.

Conclusion:

In the ever-evolving financial landscape, staying abreast of currency exchange rates is paramount. The reported rates for November 28, 2023, underscore the importance of informed decision-making for businesses and individuals alike. As the global economic scenario continues to change, adaptability and strategic planning become essential pillars for financial success. Abokifx remains a reliable source for real-time updates on black market exchange rates, ensuring that stakeholders can navigate the intricate world of currency exchanges with confidence.