4 Ways to Exchange Currency for Foreign Trip

If you are planning on traveling abroad for business, tourism, or for research, there are several things you must put in place to have a smooth trip. However, one of the prominent things that must be settled has to do with doing a currency exchange, since you have to spend the currency of that country … Read more

Foreign Exchange Fees for Bank Transfers

Research conducted by the influential consumer finance website Moneytransfercomparison.com has found that banks across the Anglosphere are continuing to charge their customers hefty amounts in fees for making international money transfers. Perhaps tellingly, the US banks were the worst offenders levying the highest fees on international bank transfers through a combination of high fixed fees … Read more

The Most Popular Currency Pairs To Trade In India

Indian Rupee Banknote foreign exchange

Did you know that the biggest financial market in the world is the foreign exchange, or FX, market? Forex is a portmanteau of foreign exchange. In simple terms, forex trading means the simultaneous purchase of one currency and the sale of another, wherein the trader bets on whether a certain currency will rise or fall against another. Such trading … Read more

15 Worst-Performing Currencies Against US Dollar

The Venezuelan Bolivar, Zimbabwean GRTGS Dollar, Lebanese Pound, Sudanese Pound, and Syrian Pound are the top five worst-performing currencies against the US Dollar. In a recent currency watchlist by a professor of applied economics at Johns Hopkins University in Baltimore, Steve H. Hanke measured the depreciation of some currencies around the world from January 1, … Read more

Today’s Black Market Exchange Rate in Nigeria 2025

Foreign Exchange Market Nigeria Dollar To Naira

Disclaimer: This page’s rate may differ slightly from the rate at the parallel market. Here are the updated buying and selling exchange rates at the parallel foreign exchange market of the three most popular foreign currencies in Nigeria: Morning Trading Rate (May 23, 2025) Afternoon Trading Rate (May 23, 2025) Evening Trading rate (May 23, … Read more

USD/NGN Exchange Rate May 9, 2022

US dollar how to pay off business debt

As the 2023 presidential election becomes intense by the hours, it is clear that the political audacity of the governor of the Central Bank of Nigeria (CBN) Godwin Emefiele will cause more havoc to Nigeria’s monetary system. The CBN governor is more interested in succeeding Muhammadu Buhari than focusing on its primary role of stabilising … Read more

What’s The Strongest Currency in Oceania?

Strongest Currency in Oceania Australia

The most-traded currencies for global transactions in Oceania are the Australian Dollar (AUD) and the New Zealand Dollar (NZD). Not just on the continent, they are the fifth and 10th on the global ranking. Also, Australia, New Zealand, and New Papua New Guinea have the largest economy in Australia or Oceania. But using United States … Read more

African Currencies That Are Weaker Than Naira in 2024

African Currencies That Are Weaker Than Naira

The naira started facing its toughest time, falling freely immediately after the Bola Tinubu-led government announced the floating of the Nigerian currency in June 2023. Right now, it is $/1,300 at the parallel market, and $/₦1,1328.51 at NAFEX at the close of trading on March 27, 2024. The naira has lost its value, but there are … Read more

10 Most Popular Currencies in Global Market

Dollar As The Most Traded Currencies in Global Market

Currencies like the US dollar, Pound Sterling, Yen, and Euro among others are known as global legal tender because they are accepted for trade around the world. They are accepted for international transactions, making them make the list of most popular currencies in the World. Some currencies are highly sought after because of the strength they carry in … Read more

Obsolete Currency and Its Causes

outdated banknote 1 pound in Nigeria

What Is An Obsolete Currency? When a currency is no longer in use and can not, therefore, be used as a means of exchange by the country of origin, it is called obsolete currency. In the 1990s, my grandma showed us some currencies that were of significant value during her youthful days. She kept it … Read more