| Provider | Buy Price | Sell Price | Last updated |
|---|---|---|---|
|
₦1534 per $1 | ₦1534 per $1 | Just now |
|
₦1536 per $1 | ₦1535 per $1 | Just now |
|
₦1536 per $1 | - per $1 | Just now |
|
₦1540 per $1 | ₦1532 per $1 | Just now |
|
₦1564 per $1 | ₦1500 per $1 | 5 days ago |
|
₦1644 per $1 | ₦1644 per $1 | Just now |
|
₦1646 per $1 | ₦1644 per $1 | Just now |
|
₦1648 per $1 | ₦1632 per $1 | Just now |
|
₦1648 per $1 | ₦1615 per $1 | Just now |
|
₦1648 per $1 | - per $1 | Just now |
|
₦1660 per $1 | ₦1616 per $1 | Just now |
|
₦1662 per $1 | ₦1621 per $1 | 1 day ago |
|
₦1662 per $1 | ₦1690 per $1 | Just now |
|
₦1663 per $1 | ₦1638 per $1 | Just now |
|
₦1663 per $1 | ₦1638 per $1 | Just now |
|
₦1666 per $1 | ₦1627 per $1 | Just now |
|
₦1667 per $1 | ₦1634 per $1 | Just now |
|
₦1668 per $1 | ₦1627 per $1 | Just now |
|
₦1669 per $1 | ₦1638 per $1 | Just now |
|
₦1669 per $1 | ₦1616 per $1 | 1 day ago |
|
₦1672 per $1 | ₦1580 per $1 | Just now |
|
₦1673 per $1 | ₦1625 per $1 | Just now |
|
₦1679 per $1 | ₦1633 per $1 | Just now |
|
₦1680 per $1 | - per $1 | Just now |
|
₦1698 per $1 | ₦1621 per $1 | Just now |
|
₦1700 per $1 | ₦1640 per $1 | 1 day ago |
|
₦1705 per $1 | ₦1680 per $1 | Just now |
|
₦1712 per $1 | ₦1655 per $1 | Just now |
|
₦1720 per $1 | ₦1630 per $1 | Just now |
|
₦1727 per $1 | ₦1611 per $1 | 1 day ago |
|
₦1733 per $1 | ₦1718 per $1 | 1 month ago |
|
₦1845 per $1 | ₦1600 per $1 | 1 day ago |
|
- per $1 | ₦1718 per $1 | 1 month ago |
|
- per $1 | ₦1636 per $1 | Just now |
|
- per $1 | ₦1620 per $1 | Just now |
|
- per $1 | ₦1615 per $1 | Just now |
|
- per $1 | ₦1604 per $1 | Just now |
|
- per $1 | ₦1603 per $1 | Just now |
|
- per $1 | ₦1597 per $1 | Just now |
|
- per $1 | ₦1554 per $1 | Just now |
|
- per $1 | ₦1520 per $1 | Just now |
|
- per $1 | ₦1512 per $1 | Just now |
|
- per $1 | ₦1503 per $1 | Just now |
|
- per $1 | ₦1497 per $1 | Just now |
|
- per $1 | ₦1490 per $1 | Just now |
What is a Provider?
A provider is an entity that helps facilitate the exchange of currencies. If you have 100 USDT and want to exchange it for naira, you will need an exchange provider to convert your USDT to naira. A provider can be an individual or entity. On Monierate, we only list trusted entities for you to choose from, not individual traders.
What is Buy Price?
The buy price is the rate at which you pay to convert naira to dollars. It represents how much naira you're paying for every dollar obtained. For instance, if you have naira but need USDT to pay a bill, you exchange your naira for USDT, and the provider credits USDT to you at the buy price.
What is Sell Price?
The sell price is the rate at which you pay to convert dollars to naira. It represents how much naira you're getting for every dollar exchanged. For instance, if you have USDT but need naira to pay a bill, you exchange your USDT for naira, and the provider credits naira to you at the sell price.
Why is the buy price usually higher than the sell price?
Exchange providers make money from the difference between the buying and selling prices of the dollar. This is commonly known as arbitrage or trading profit—buying low and selling high. If you have USDT but need naira, they buy the USDT from you at a lower naira price and sell it at a higher naira price to someone else who needs USDT.
How Monierate works
Monierate operates as a platform for comparing dollar prices across various providers in Nigeria.
Here's how it works:
Comparison Functionality: Monierate gathers and displays the prices of the dollar from multiple providers in Nigeria. You can compare these prices to find the best rates available in the market.
Exchange Rate Information: You can use Monierate to obtain daily information on the exchange rate of the dollar to naira.
Order Arrangement: Prices are presented by default from the lowest to the highest, allowing You to easily identify the most cost-effective rates.
Buy and Sell Options: Monierate facilitates You in acquiring more dollars for naira or vice versa by presenting both buy and sell options.
Customizable Sorting: You have the flexibility to customize the order of the displayed rates, choosing between low to high or sorting by buy or sell prices.
Provider Tracking: Monierate actively tracks the 24-hour prices of the dollar across a diverse range of providers, including platforms such as Binance, Luno, Remitano, Yellow Card, Quidax, and Payday.
In essence, we simplifies the process of finding the most favorable dollar exchange rates in Nigeria by providing a user-friendly platform for comparison and real-time rate tracking.