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Monthly Average Exchange Rates of the Naira(Naira Per Unit of Foreign Currency) - 2010


  2010
Month March April May
DAS (USD) 149.83 149.89 150.31
IFEM (USD) 150.08 150.38 151.49
BDC (USD) 151.85 152.00 153.26
GB POUNDS 223.26 217.36 219.42
EURO 201.38 186.52 186.52
CFAFr 0.31 0.28 0.28
       
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DAS/WDAS = Dutch Auction System/Wholesale Dutch Auction System, IFEM is Inter-bank Foreign Exchange Market, BDC is Bureau de Change

* DAS/WDAS exchange rate from August 2005, include 1 per cent commission

*Exchange rate for February 2015 was as at February 18th when the retail DAS segment of the FOREX market was closed.
Facts : 1/1/1945
International Monetary Fund:The International Monetary Fund was established in 1945 to promote the health of the world economy with 29 countries sigining the Articles of Agreement. Nigeria joined the IMF in 1961,which now has 184 members with its headquarters in Washington D.C., USA.
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