Abokifx black market rates web app gives daily FX Parallel market rates for Dollar to Naira ($ to ₦), Naira to Euro (₦ to €) & Naira to Pounds (₦ to £) foreign exchange rates in the local (Lagos/Abuja) currency market.
Aboki FX just like nawhere.ng is a free web app to get daily Dollar to Naira, Naira to Dollar ($), Naira to Euro (€) and Naira to Pounds (£) foreign exchange rates.
It is created to ease the stress with getting accurate Naira to FX rates which was originated by the huge difference between the central bank of Nigeria (CBN) official Foreign Exchange (FOREX) rate and that of the parallel market.
This actually skyrocketed the foreign currency exchange rates and made the united states dollar (USD) a very scarce commodity for the Nigerian FX consumers.
Banks were recently asked to source for foreign currencies by themselves to complement the meager amount given to them by the central bank of Nigeria (CBN) which has obviously sky-rocketed the amount Nigerians spend when paying for goods and services abroad.
The developments have made it quite crucial to check for FX rates for major world currencies before carrying out fx transactions online or withdrawing with your Nigerian ATM card abroad.
Why Aboki Forex
Aboki Forex web app is quite different from other websites serving the same purpose in that it does not only give daily foreign currencies exchange rates but does so with popular locations and transaction channels in mind.
We are going to expatiate on some of the features that would make you fall in love with the super-awesome AbokiFX platform.
Daily FX Rates in Parallel Market
AbokiFX would normally capture the foreign exchange rate for Euro, United States Dollars (USD) and Great Britain Pound Sterling (GBP) for morning, midday and evening.
This ensures that you make no mistakes when you decide to transact in foreign currencies of choice. The rates for earlier days of the week is also accommodated on the platform to help you monitor the market trend and make an informed decision for larger transaction amounts.
The daily black market rates for FX tab is mostly divided into Lagos and Abuja respectively when there’s a significant difference in their exchange rates.
This will normally make it very easy to get Euro to Naira FX rate, Dollar to Naira FX rate and Pounds to Naira FX rate in a snap.
Daily FX Rate for Automated Teller Machine (ATM)
It is now very normal to get a different naira-to-dollar rate for international transactions when paying with naira dominated debit card.
Except you are operating a domiciliary account, you are going to be faced with the challenge of paying times two (twice) the official central bank of Nigeria (CBN) rate for any international transaction you do with your naira dominated credit/debit card.
Aboki FX app tries to ameliorate this by using a near-perfect metric to give daily ATM rates for popular banks in Nigeria, separating the highest and cheapest rates in the market.
Before the advent of AbokiFX app, I normally call the bank’s customer service number to find out the current exchange rate for dollars or even go as far as placing a $1 order on Aliexpress platform to be double-sure of the Foreign exchange rate before spending huge on international transactions.
AbokiFX website has proven to be useful in this area as the automated teller machine (ATM) rates are usually updated on time.
FX Rates for Western Union Transactions
The app also plays an important role for those willing to send and/or receive money via the Western union channel.
Aboki FX app lets you see what rate transactions are done for Nigerian Naira (NGN) against the world currencies, to wit; United States Dollars (USD), United Kingdom Pound Sterling (GDB) and EURO.
Aboki FX Updates Official CBN Rates
Aboki FX website also have a tab for central bank of Nigeria’s (CBN) official rate for foreign currencies.
There’s also a tab to monitor the market trend and get abreast with what’s latest on ForeX, oil, market trends and the economy in general.
It also lets you get access to market analysis tools, currency exchange rates tips and sundry.
How to Use AbokiFx
AbokiFX just like every other popular web app is easy to use, all you need do is – visit their official webpage at http://abokifx.com and use the navigation boxes to get various dollar/euro/pound exchange rates as required.
The abokifx mobile app for getting aboki forex rates in the parallel (black) market is also available for Android and iOS devices.
You can download abokifx android app from https://play.google.com/store/apps/details?id=com.app.Abokifx and abokifx iPhone/iPad app from https://itunes.apple.com/us/app/abokifx/id1205477397?ls=1&mt=8.
You can also search your mobile phone’s app store directory for the compatible abokifx app to install.
There’s also a contact page to report issues to the developers of the website. Feel free to leave us a comment if there’s any challenge with using the abokifx website, their apps and/or other products we have reviewed on this page.
So far, this is the best method to get daily Naira to dollar exchange rate, Pounds to Naira exchange rate and Naira to Euro exchange rate in the black market.
With it, you can also get to see what’s the black market exchange rate for other African currencies such as: Ghana Cedi (GHS), Central African CFA Franc (XAF) and West African CFA Franc (XOF) for those shopping within/around Benin republic.
It’s in our plan to list other best methods for getting reliable daily Naira to dollar exchange rates. These would serve as better alternatives for those that craves for variety in everything useful.
For now, the most reliable website to use for your daily Naira to Dollar and/or other currencies’ exchange rate is abokifx.com.