| Last updated | |||
|---|---|---|---|
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₦1524 per $1 | ₦1520 per $1 | 2 days ago |
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₦1525 per $1 | ₦1555 per $1 | Just now |
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₦1531 per $1 | - per $1 | Just now |
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₦1533 per $1 | ₦1533 per $1 | Just now |
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₦1535 per $1 | ₦1534 per $1 | Just now |
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₦1535 per $1 | ₦1527 per $1 | Just now |
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₦1536 per $1 | - per $1 | Just now |
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₦1537 per $1 | ₦1534 per $1 | Just now |
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₦1537 per $1 | ₦1500 per $1 | 11 days ago |
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₦1537 per $1 | ₦1539 per $1 | Just now |
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₦1540 per $1 | ₦1520 per $1 | 2 days ago |
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₦1541 per $1 | ₦1537 per $1 | Just now |
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₦1544 per $1 | - per $1 | Just now |
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₦1545 per $1 | ₦1532 per $1 | Just now |
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₦1547 per $1 | ₦1535 per $1 | Just now |
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₦1548 per $1 | ₦1573 per $1 | Just now |
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₦1549 per $1 | ₦1529 per $1 | Just now |
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₦1549 per $1 | ₦1519 per $1 | Just now |
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₦1550 per $1 | ₦1518 per $1 | Just now |
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₦1550 per $1 | ₦1538 per $1 | 1 day ago |
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₦1550 per $1 | ₦1528 per $1 | Just now |
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₦1552 per $1 | ₦1524 per $1 | 1 day ago |
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₦1555 per $1 | ₦1507 per $1 | 5 days ago |
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₦1556 per $1 | ₦1531 per $1 | Just now |
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₦1556 per $1 | ₦1532 per $1 | Just now |
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₦1556 per $1 | ₦1528 per $1 | Just now |
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₦1557 per $1 | ₦1524 per $1 | Just now |
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₦1560 per $1 | ₦1559 per $1 | 1 day ago |
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₦1560 per $1 | ₦4505 per $1 | Just now |
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₦1562 per $1 | ₦1529 per $1 | Just now |
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₦1563 per $1 | - per $1 | Just now |
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₦1563 per $1 | ₦1525 per $1 | Just now |
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₦1565 per $1 | ₦1535 per $1 | 3 days ago |
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₦1573 per $1 | ₦1507 per $1 | Just now |
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₦1581 per $1 | ₦1562 per $1 | Just now |
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₦1585 per $1 | ₦1540 per $1 | Just now |
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₦1624 per $1 | ₦1502 per $1 | 2 days ago |
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₦1720 per $1 | ₦1521 per $1 | 2 days ago |
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- per $1 | ₦1549 per $1 | Just now |
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- per $1 | ₦1534 per $1 | Just now |
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- per $1 | ₦1534 per $1 | Just now |
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- per $1 | ₦1531 per $1 | Just now |
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- per $1 | ₦1530 per $1 | Just now |
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- per $1 | ₦1528 per $1 | Just now |
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- per $1 | ₦1527 per $1 | Just now |
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- per $1 | ₦1522 per $1 | Just now |
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- per $1 | ₦1519 per $1 | Just now |
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- per $1 | ₦1516 per $1 | Just now |
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- per $1 | ₦1508 per $1 | Just now |
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- per $1 | ₦1507 per $1 | Just now |
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- per $1 | ₦1505 per $1 | Just now |
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- per $1 | ₦1498 per $1 | Just now |
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- per $1 | ₦1498 per $1 | 11 days ago |
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- per $1 | ₦1493 per $1 | Just now |
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- per $1 | ₦1485 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.
