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Data & Statistics | All CBN Publications

Monthly Average Exchange Rates of the Naira (Naira Per Unit of Foreign Currency) - 2014
 
Month May June July
DAS/WDAS (USD) 157.29 157.29 157.29
IFEM (USD) 161.86 162.82 162.25
BDC (USD) 166.85 167.17 167.71
POUNDS 262.41 263.29 265.93
EURO 213.98 211.68 211.24
CFAFr 0.33 0.32 0.32
       
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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
Facts : 1/1/1900
BOFIA:In 1991, the Bank s and Other Financial Institutions Act (BOFIA) formerly BOFI was promulgated to replace the CBN Act of 1958 and the Banking Decree of 1969 (including later amendments). The policy brought the non-bank financial intermediaries under the supervision of Central Bank of Nigeria.
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