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DOLLAR TO NAIRA EXCHANGE RATE: $1 TO ₦1 TODAY MARCH 2 2024
The CBN adopts a managed float exchange rate regime, which means that it allows the exchange rate to be determined by the market forces, but intervenes occasionally to smooth out excessive fluctuations and maintain an optimal level of reserves
The CBN operates different segments of the foreign exchange market, such as the official window, the interbank window, the bureau de change window, and the investors and exporters window
Each segment has its exchange rate, depending on the availability and sources of foreign currency
Buying: ₦1 543.581
Selling: ₦1 544.58