Naira Rate Tracker
Pick a currency and see today's parallel market rate beside yesterday, the 7-day and 30-day averages, the 90-day high and low, the 30-day change, the official gap and the spread across quotes.
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Today's rate
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Key figures
Daily average rate
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Each day adds a new point to the history, so tomorrow the tracker will have a new "yesterday" and fresh averages to compare with.
Email and notification alerts are not available yet, and this page does not collect email addresses. Until they are, the calendar reminder or a bookmark is the way to come back.
Recent Days
| Date | Average (₦) | Lowest (₦) | Highest (₦) |
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Go Deeper
How to Read the Tracker
The tracker answers one question: is today's rate high or low compared with the recent past? Each figure below is worked out from the same data collection, and every comparison names the date it uses.
- Today's rate: the average of the published parallel market quotes at the latest collection.
- Yesterday: the daily average rate for the previous day, with today's move in naira and percent.
- 7-day and 30-day averages: the simple average of the daily average rates over the period, counting today's latest figure as today.
- 90-day high and low: the highest and lowest daily average in the last 90 days, with the date each happened.
- 30-day change: today's rate compared with the daily average from 30 days earlier, in percent and naira.
- Official gap: today's parallel rate minus the official reference rate, as naira and as a percentage of the official rate.
- Buy/sell spread: the highest quote minus the lowest quote across the published quotes.
About the Official Gap
You may know this as the "CBN gap". The official reference on this site comes from Open Exchange Rates, an interbank data provider, and not from a Central Bank of Nigeria publication, so it can differ slightly from the rate the CBN itself shows. It is a useful yardstick for how far the parallel market sits from official pricing. It is not a promise that you can transact at the official rate.
About the Spread
Most of the quotes we collect are a single figure from each source, not a buy and a sell price. So the tracker treats the lowest quote as the buying side and the highest as the selling side. The spread therefore shows how widely the sources disagree. It is not the margin any one dealer will charge you, and it can shrink or widen for reasons unrelated to any dealer's own pricing.
What the Tracker Cannot Tell You
The tracker uses the last 90 days of daily averages that our data collection stores, so it does not show longer periods. A high or low is a fact about the past 90 days, not a signal about what comes next. The tracker does not predict the rate, does not tell you when to buy or sell, and is not financial advice.
When a Quote Looks Wrong
Every so often one source publishes a value far from all the others. If a day's lowest or highest quote sits more than 20% away from that day's average, the tracker treats that day's average as distorted, leaves it out of the comparisons and says so on the page. It does not correct or replace the figure. This is why a comparison can occasionally show a dash: better a blank than a number built on a bad quote.
Frequently Asked Questions
What does the Naira Rate Tracker show?
For the dollar, pound, euro or Canadian dollar, it shows today's parallel market rate against the naira and compares it with yesterday, the 7-day and 30-day averages, the 90-day high and low, the 30-day change, the gap to the official reference rate and the spread across published quotes.
How is today's rate worked out?
It is the average of the published parallel market quotes at the latest data collection. A currency is shown only when at least two quotes from two different websites are available, and the collection time appears at the top of the page.
How are the 7-day and 30-day averages calculated?
Each is the simple average of the daily average rates over that period, with today's latest figure standing in for today. The tracker shows them only when enough days of history exist, so a gap in the data never produces a misleading average.
What are the 90-day high and low?
They are the highest and lowest daily average rates in the last 90 days, with the date each happened. Because they are daily averages, they are less affected by one unusual quote than the highest and lowest individual quotes would be.
What is the official gap, and is it the CBN rate?
The gap is today's parallel rate minus the official reference rate, shown in naira and as a percentage of the official rate. The official reference comes from Open Exchange Rates, an interbank data provider, so it can differ slightly from the rate the Central Bank of Nigeria publishes.
What is the buy/sell spread here?
It is the highest quote (treated as the selling side) minus the lowest quote (treated as the buying side) among the published quotes. It shows how far apart the sources are. It is not the spread any particular dealer will charge you.
Can I get rate alerts?
Not yet. Email and notification alerts are planned but do not exist today, and this page does not collect email addresses. For now you can add a daily reminder to your calendar or bookmark the link for your currency.
Does the tracker predict where the rate is going?
No. It shows what the rate has been and how it compares with recent history. A movement over the last 30 days says nothing certain about the next 30, and nothing on this page is financial advice.
Why is a currency greyed out or missing?
A currency is offered only when at least two quotes from two different websites exist for it. If the quotes fall short, the option is disabled rather than showing a figure built on too little evidence.
What happens if one quote looks wrong?
If a day's lowest or highest quote is more than 20% away from that day's average, the tracker treats the average for that day as distorted and leaves it out of the averages, highs, lows and changes. It does not correct or replace the figure, and it tells you when it has done this. A comparison can therefore show a dash until enough clean days exist.
How much history does the tracker use?
The last 90 days of daily averages that our data collection stores. It does not show longer periods such as one year.
