Knowing the latest GTBank Dollar to Naira exchange rate is key if you own a GTB account and you engage in foreign transactions from time to time. Be aware that there is a black market exchange rate and the official bank rate. However, they both help with your desired exchange in the end, even if the latter is what your bank uses to facilitate its own transactions.
To avoid any confusion while you switch currencies, you should be aware of terms, including Interbank Rate and Parallel Rate. The former helps with transactions within banks, while Parallel Rate, a.k.a Black Market Rate, involves 3rd parties, such as Mallam down the road that can change your Dollar to Naira.
To tell you more about the Black Market exchange rate, it is simply the rate for a currency that differs from the main exchange rate set by a government. Be aware that this Black Market rate exists when the official rate and the currency’s actual value do not go hand in hand, plus using it could be prohibited in a nation that issues the affected currency.
If you are a traveler, you already know that coming home from an amazing trip abroad only to be stunned by shocking currency exchange fees on your bank statement and credit card bill can be really heartbreaking. For this reason, it is best to always convert their currency before traveling, and decent knowledge about the exact exchange rate will surely be key in such a situation. See GTB Dollar To Naira Exchange Rate Today:
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GTBank Exchange Rate Today, July 2021:
Today’s GTbank exchange rate is the present value you can exchange any foreign currencies with the Nigerian Naira at any GTB bank branch. Here are all the details you need:
- GTbank dollar to Naira exchange rate today- $1 = ₦440
- GTbank Pounds to Naira exchange rate today- £1 = ₦634
- GTbank Euro to Naira exchange rate today- €1 = ₦510
- GTbank Canadian Dollar to Naira exchange rate today- CAD 1 = ₦334
- GTbank Australian Dollar to Naira exchange rate today- AUD 1 = ₦288
- GTbank Russian Rubble to Naira exchange rate today- RUB 1 = ₦ 6.6
- GTbank Indian Rupees to Naira exchange rate today- INR 1 = ₦ 5.74
- GTbank South African Rand to Naira exchange rate today- ZAR 1 = ₦30
- GTbank Turkish Lira to Naira exchange rate today- TRY 1 = ₦65
- GTbank Malaysian to Naira exchange rate today- MYR 1 = ₦95.
GTB Dollar To Naira Exchange Rate Today:
In summary, if you are particular about one of the most popular currencies globally, the Dollar, the rate as of now is $1 = ₦440.
There you go; you no longer have to guess and assume the current exchange rates at your favorite Nigerian banks because this tutorial ensures you have the exact information you need at all times.
