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Monthly Average Exchange Rates of the Naira (Naira Per Unit of Foreign Currency) - 2014
 
Month September October November
DAS/WDAS (USD) 157.30 157.31 160.00
IFEM (USD) 162.93 164.64 171.10
BDC (USD) 168.64 169.43 175.85
POUNDS 254.06 250.27 249.96
EURO 201.00 197.63 197.60
CFAFr 0.31 0.30 0.30
       
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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 : 1/1/1990
Guidlines for Licensed Banks:In 1990, the CBN introduced a set of Prudential guidelines for licensed banks which were complimentary to the capital adequacy requirement and statement of accounting standards. The guidelines spelt out the criteria to be adopted by banks in classifying non-performing loans.
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