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Foreign Exchange Rates (2000-2003). (Reviewed 5th Aug. 2003) Tell your friends about this page! Email it to them.

Monthly Foreign Exchange Rate: 2003 (Nigerian Naira to the US Dollar)

Month DAS Bureau De Change Parallel Market
January 127.12 138.00 137.00
February 127.02 139.00 139.50
March 127.37 139.50 140.50
April 127.72 139.00 140.00
May 127.82 138.50 139.00
June 127.98 139.00 140.50
July 127.47 140.00 141.00
August 127.90 141.50 142.00
September 129.73 142.50 143.00
October 130.20 144.00 143.50

 Monthly Foreign Exchange Rate: 2002 (Nigerian Naira to the US Dollar)

Month IFEM Bureau De Change Parallel Market
January 113.95 134.50 135.00
February 114.70 134.00 136.00
March 115.10 134.50 135.50
April 116.10 134.50 135.50
May 116.30 134.00 135.00
June 118.50 134.00 135.00
*July 121.50  136.50 135.50
August 127.00 137.00 136.00
September 126.00 135.00 136.00
October 126.50 137.0 137.5
November 126.80 137.0 138.0
December 126.80 136.5 137.0

* From July 16, 2002, Central Bank of Nigeria replaced the 33 months old Inter-Bank Foreign Exchange Market (IFEM) with the Dutch Auction System (DAS)

Monthly Foreign Exchange Rate: 2001 (Nigerian Naira to the US Dollar)

Month IFEM Bureau De Change Parallel Market
January 109.0 120.0 122.0
February 110.0 123.5 122.5
March 110.2 125.0 127.5
April 127.5 130.5 132.0
May 113.1 137.0 140.0
June 112.2 133.0 139.0
July 111.3 134.0 137.0
August 111.2 133.0 135.8
September 111.1 133.0 135.0
October 111.1 132.0 133.0
November 112.10 134.00 135.00
December 112.45  134.50 134.00

 

Monthly Foreign Exchange Rate: 2000 (Nigerian Naira to the US Dollar)

Month IFEM Bureau De Change Parallel Market
January 98.73 103.5 103.75
February 99.89 106.07 106.5
March 100.65 105.83 106.3
April 100.4 106.3 106.1
May 101.17 106.13 105.75
June 101.83 105.79 106.13
July 104.9 111 110.9
August 103.36 113.87 114.87
September 102.36 119 118
October 102.52 119.14 119
November 102.52 120.28 119
December 106.19 122 121.83

Source: Central Bank of Nigeria, Field Survey and Major Bureaux De Change

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