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Monthly Average Exchange Rates of the Naira (Naira Per Unit of Foreign Currency) - 2013
 
Month February March April
DAS/WDAS (USD) 157.30 157.31 157.31
IFEM (USD) 157.52 158.63 158.20
BDC (USD) 158.70 160.00 159.81
POUNDS 241.10 234.75 238.49
EURO 208.16 201.95 202.88
CFAFr 0.32 0.31 0.31
       
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Export to Excel Monthly Average Exchange Rates of the Naira
DAS/WDAS = Dutch Auction System/Wholesale Dutch Auction System, IFEM is Inter-bank Foreign Exchange Market, BDC is Bureau de Change
*
DAS/WDAS exchange rate from August 2005, include 1 per cent commission
Facts : 1/1/1995
Magnetic Ink Character Recognition:The Magnetic Ink Character Recognition (MICR) which is an automated system for sorting cheques and other financial instrumenTS. This facility came into effect in the early part of 1995.
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