The Nigerian naira opened the new trading week on Monday, October 19, 2026, at approximately ₦1,333.54 against the United States dollar in the official Nigerian Foreign Exchange Market (NFEM).
The opening rate represents a slight depreciation from the previous trading session, when the local currency closed at about ₦1,332.26 per dollar on Friday, October 16.
Available exchange-rate figures also indicate that the dollar is trading at higher rates in the parallel market, where prices differ among Bureau De Change operators.
Dollar To Naira Exchange Rate Today
The latest available rates for Monday, October 19, 2026, are presented below.
| Foreign Exchange Market | Exchange Rate |
|---|---|
| Official NFEM rate | ₦1,333.54/$1 |
| Parallel market buying rate | ₦1,375/$1 |
| Parallel market selling rate | ₦1,390/$1 |
The official rate reflects the available opening market figure, while the parallel market rates are indicative quotations that may differ according to the dealer, location and amount exchanged.
Naira Performance And Market Outlook
The naira ended the previous trading week relatively stable in the official market, closing at approximately ₦1,332.26 per dollar on Friday.
Comparing that closing figure with Monday’s opening rate of ₦1,333.54 shows a depreciation of ₦1.28 per dollar.
In the parallel market, the dollar reportedly sold for about ₦1,370 on Friday, compared with the indicative selling rate of ₦1,390 on Monday.
The difference between Monday’s official exchange rate and the parallel market selling rate stands at approximately ₦56.46 per dollar.
Foreign exchange rates remain subject to changes during trading hours as demand and supply conditions influence prices.
Individuals and businesses planning foreign currency transactions are advised to confirm current quotations with their banks or licensed foreign exchange dealers before exchanging funds.
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