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Monthly Average Exchange Rates of the Naira(Naira Per Unit of Foreign Currency) - 2016


  2016
Month December February March
DAS (USD)
IFEM (USD) 305.22 197.00 197.00
BDC (USD) 455.26 329.83 320.93
GB POUNDS 381.39 281.79 280.40
EURO 322.13 218.55 218.89
CFAFr 0.47 0.33 0.33
       
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Export to Excel Monthly Average Exchange Rates of the Naira
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 : 1/1/1900
West African Currency Board:The West African Currency Board was established in 1912 to retain the services of Bank of British West Africa. It set up four centres in Lagos, Accra, Freetown and Barthurst (now Banjul).
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