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Monthly Average Exchange Rates of the Naira(Naira Per Unit of Foreign Currency) - 2005


  2005
Month March April May
DAS (USD) 132.85 132.85 132.82
IFEM (USD) 133.09 133.06 133.37
BDC (USD) 139.73 141.77 141.21
GB POUNDS 254.40 251.48 246.40
EURO 176.26 171.80 168.52
CFAFr 0.27 0.26 0.26
       
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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 : 7/1/1959
PHYSICAL EXPANSION:The CBN former headquarters in Marina Lagos was opened and began full operations in banking and curency activities only.
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