How Much is Euro To Naira Exchange Rate In Black Market Today

Are you about to carry out an international transaction and you need to know how much is Euro to Naira today in black market exchange rate? Or simply, you just want to be in the know of how the Nigerian Naira is performing against the Euro zone currency? Then you have gotten to the right place for a daily updated Euro To Naira Exchange Rate In Black Market . { Parallel Market }

Euro To Naira Exchange Rate In Black Market Today

  • Buying = 1 Eur to Naira 403

  • Selling = 1 Eur to Naira 407

read this article, it has been written specifically for you. In the quest to carry everyone along, an overview of each of the currencies would be given to provide background information for those that are less familiar with either of the currency.

How much is Euro To Naira Exchange Rate In Black Market Today
How much is Euro To Naira Exchange Rate In Black Market Today

THE EURO

The Euro is the currency used in the Euro zone which consist of 19 out of the 28 countries of Europe. These countries includes Cyprus, Austria,  Netherland, France, Finland, Ireland, Finland, Estonia, Italy, Greece, Lithuania, Belgium, Malta, Portugal, Germany, Slovakia, Slovenia, Spain, Latvia, Portugal and Luxembourg. It is also been used outside the Euro zone by territories of countries that makes up the Euro.

The Euro is the fifth strongest currency in the world, it is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar. As of 2013, about 210 million people worldwide had used currencies pegged with the Euro. € is the symbol of the Euro, it is divided into 100 cents, it has an inflation rate of -0.6%.

THE NIGERIAN NAIRA

The Nigerian Naira is the currency of Nigeria. It was introduced on 1 January 1973, replacing the pound at a rate of 2 naira = 1 pound. This made Nigeria the last ccountry to abandon the £sd currency system. The currency has ₦ as it symbol and NGN as it code. The Nigerian Naira is going down the drain due to it increasing rate of inflation. The inflation rate of the Nigerian Naira is put at over 17%. The Central Bank of Nigeria is the sole issuer of this legal tender.

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