![What is Rand to Naira black market exchange rate today? [weekday] [date]](https://foxnigeria.ng/wp-content/uploads/2023/04/RandtoNairaexchangerate.jpeg "What is Rand to Naira black market exchange rate today? [weekday] [date]")
This article you are about to read contains South African to naira exchange rate today. It also includes the Naira Back Market rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates.
Last updated: May 24, 2023
Before you proceed please note that the Central Bank of Nigeria (CBN) doesn't have approve the parallel market popularly known as black market as it tells individuals who want to engage in Forex or currency exchange to head to their respective banks.
The parallel exchange rates (black market rates) are always differs from the CBN rate.
It might interest you to know that Black market rate is frequently higher than CBN rate when you want to sell but cheaper when you buy something from a foreign website with your Naira Master Card or Debit card from a Nigerian bank.
Lastly, note that the rates you buy or sell forex may be different from what is captured in this article because prices vary by Black Market operators and location as there is no law mandating a fix rate. It always varies with 1 naira to 50 naira difference.
Another factor affecting the price of exchange rates in parallel market (Black Market) is time. Exchange rate changes hourly depending on the volume of dollars available and the Demands. For instance, you can buy or sell 1 dollar at ₦800 and the price can change (high or low) within hours.
The Rand to Naira black market rate below was derived automatically from Aboki Naira through API.
How much is Rand to naira today black market exchange rate today?
South Africaan Rand to Naira Black Market Rate Today is ₦43.00
The table below are Rand (ZAR) to naira current black market rate today by Aboki/Bureau De Change (BDC) operators in Abuja, Kano, and Lagos for selling and buying Rand at the parallel (unofficial) market.
There might be slight variations in the different parallel (unofficial) markets.
| Rand to Naira (ZAR to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦43.00 |
| Selling Rate | ₦52.00 |
Disclaimer: Parallel market rates (black market rates) are obtained from various sources including online media outlets. As we stated earlier in the introduction to this article, the rates you buy or sell forex may be different from what is captured in this article. This article does not set or determine forex rates.