Australian Dollar to Naira Black Market Rate Today
Live Australian Dollar to Nigerian Naira exchange rate. Black market BDC rate cross-rated from USD and official rate from the Central Bank of Nigeria.
Price history
Parallel market sell rate · daily close
AUD/NGN Rate: Last 30 Days
Australian Dollar to Naira black market rate: key facts
As of 4 May, 9:38 pm WAT, BDC operators are buying AUD at ₦994.24 and selling at ₦1,009.62. The spread (the difference between buy and sell) is ₦15.38 per AUD. The official CBN rate for AUD/NGN is ₦991.28.
How the AUD/NGN black market rate is calculated
Nigeria's informal FX market is anchored to the US dollar. To price AUD in naira, BDC operators take the USD/NGN parallel rate and apply the live AUD/USD global cross-rate. This rate updates every 30 minutes on AbokiFx.
Official CBN rate vs black market rate for AUD
The CBN publishes an official rate for AUD/NGN through the NAFEM window for regulated transactions. The black market rate is typically higher because official supply cannot meet demand. Today the gap between the two is approximately ₦18 per AUD.