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Monthly Average Exchange Rates of the Naira(Naira Per Unit of Foreign Currency) - 2006


Month January October November
DAS (USD) 130.29 128.28 128.29
IFEM (USD) 129.93 128.42 128.42
BDC (USD) 144.09 130.30 129.82
GB POUNDS 227.93 238.67 242.67
EURO 156.43 161.56 155.10
CFAFr 0.24 0.25 0.25
       
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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 : 3/1/1993
Nigerian Inter-Bank Settlement System:In March 1993, the Nigerian Inter-Bank Settlement System (NIBSS) was incorportaed to enhance the speed and effeciency of the national clearing system.
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