Canadian Dollar to Naira Black Market Exchange Rate 2021 : Current School News

Canadian Dollar to Naira Black Market Exchange Rate 2021

Filed in Articles, Exchange Rate by on June 23, 2021

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Canadian Dollar to Naira Black Market Exchange Rate – The Naira keeps falling against the US Dollar every day, so everyone has been looking for an alternative foreign currency to trade with. The following is the current Canadian Dollar against the Naira exchange rate.

Canadian Dollar to Naira Black Market Exchange Rate 2021

  • 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.

QuickFact about CAD

The Canadian dollar is is the currency of Canada.. The code of Canadian dollar is  CAD. $is the symbol of the Canadian dollar.

Did you know:
  • Canadian dollar was introduced in 1 Jan 1858 (161 years ago).
  • Canadian dollar has 9 banknotes ( $1 , $2 , $5 , $10 , $20 , $50 , $100 , $500 and $1000 )
  • The most popular conversions of Canadian dollar are CAD/euro

Canadian Dollar (CAD) to Naira (NGN) Exchange Rates

Convert into Result – [wpdts-date-time]
CAD  NGN 1 Canadian dollar = 335 Nigerian Nairas
10 CAD  NGN 10 Canadian dollar = 1,674 Nigerian Nairas
50 CAD  NGN 50 Canadian dollar = 16,742 Nigerian Nairas
100 CAD  NGN 100 Canadian dollar = 33,484 Nigerian Nairas

As prescribed above, the Exchange rate in the black market is not pegged as the CBN rate, as such, it fluctuates daily. In 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.

The Naira of Nigeria

The Naira was a major international exchange currency during the 1970s. Nowadays, after the serious monetary devaluation, 1 Canadian dollar is equivalent to 335 Naira.

The Naira is subdivided into 100 Kobos. Few of the latter are currently in circulation due to the devaluation of the Nigerian currency. The only coins in current circulation are of 50 Kobos, and 1 et 2 Nairas.

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CSN Team.

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Comments (2)

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  1. Aminu Jelani says:

    We need money in nigeria how will I make it

  2. Ali y zubairu says:

    Pls notify me At where will i get the scrahct cad in traba state of de programme

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