GTBank Dollar to Naira Exchange Rate Today – Current Rate 2020

gtbank dollar to naira exchange rate today

It is important to know GTBank Dollar to Naira exchange rate today if you an account holder of the bank and you conduct business in foreign transactions. There is the black market exchange rate and the official bank rate with which your bank pays you except you have a dollar account, otherwise known as a domiciliary account. See our guide on opening a domiciliary account in Nigeria.

GTBank Dollar to Naira Exchange Rate Today – 2020

There are some terms you have to understand in exchange rates. There is Interbank Rate and Parallel Rate. The Interbank Rate is used for transactions within banks so you do not really have to worry about this as an individual. Then we have the Parallel Rate also referred to as the black market rate. Parallel rate is the exchange rate you normally get from third parties that do not involve the bank, e.g. like changing your Dollar to Naira from Mallams.

Black Market to Dollar exchange rate is $1 to N380 naira at the moment

GTBank Dollar to Naira exchange rate is $1 to N380 at the moment.

Implications: This means if someone wired payment to your GTBank Naira account in Dollars you will be paid N380 to 1 US Dollars. If you have a Dollar account or domiciliary account you will get close to N380 for 1 US Dollar. If you go to the black market you will get N380 for 1 US Dollar.

You can bookmark this page as we will be updating GTBank Dollar to Naira Exchange Rate today all the time.

Posted by Biodun

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  1. Thanks for sharing, you just saved me from hell of argument. but is there any other applicable charges when exchanging?

    thanks for your reply this article Gtbank Dollar To Naira Exchange Rate.

  2. As said in the article, what you will be charged on your Naira mastercard might little bit be more or less than (+ or – 2 Naira) what you see here. The exchange rate changes every minutes.

    Thanks for stopping by and taking your time to comment tee.

  3. How do you send money from your GT Naria account to your GT Dollar account tho? Cause I tried doing that and it said transaction cannot be completed as you are transferring to a different currency!!

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