Canadian Dollar to Naira Black Market Exchange Rate 2020.
Canadian Dollar to Naira ExchangeRate 2020: The Naira keeps falling against the US Dollar everyday, so everyone has been looking for an alternative foreign currency to trade with.The following is the curent Canadian Dollar against the Naira exchange rate.
- What is the current black market exchange rate today?
- How much is 1 CAD in Naira black market?
- Convert Canadian Dollar to naira in the black market rate.
Keywords like the above topic keep hitting the search engine daily due to the fluctuation of NAIRA against the Canadian Dollar. As of Monday, 23rd March 2020, we present to you the official Exchange Rate and in Black Market (AKA Parallel Market) Rate.
Canadian Dollar (CAD) to NAIRA (NGN) Exchange Rate
1 CAD to NGN =N255.51
GTBank = N244
Access Bank = N275.00
Standard Chartered Bank= N281
First bank = N300
As prescribed above, the Exchange rate in the black market is not pegged as CBN rate, as such, it fluctuates daily. For this regard, this page is updated frequently with the latest exchange rates we advise you to Bookmark this page.
Key Factors that Affect Increase in Canadian Dollar to Naira
- A rate cut leads to currency depreciation
- Prospect of a rate hike in the US
- The loonie and falling commodity prices.
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