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African exchange-rate references
Official, customs-clearance, parallel-market and card-settlement channels serve different purposes. We show them separately and publish a number only after its source and quote direction have been verified.
Current data coverage
“Under review” describes our data integration status, not the availability of a rate from a bank, customs office or dealer.
Official rates
11 / 12 publishedValue, source, quote direction and source date verified
UnionPay CNY
12 / 12 collectedCard-settlement snapshots; source files do not provide effective dates
🇨🇳 CNY UnionPay196.011 CNY = 196.01 NGN · collected 6 Oct 2026 · effective date not provided by sourceUnionPay card-settlement reference
Nigeria Customs assessment references
Published by Nigeria Customs for import assessment. These values have not been independently validated against a completed clearance case.
🇺🇸 USD customs clearance1,346.481 USD = 1,346.48 NGN · source date 25 Aug 2026Nigeria Customs published source⚠ This rate is 42 days old — verify before relying on it.
🇨🇳 CNY customs clearance200.291 CNY = 200.29 NGN · source date 25 Aug 2026Nigeria Customs published source⚠ This rate is 42 days old — verify before relying on it.
Official rate page identified; collector and quote direction under review.
Customs
No independent public customs-assessment rate source verified.
Parallel market
No reliable public source verified in our dataset.
🇲🇦
Morocco
د.م. MAD
🇺🇸 USD officialOfficial rate unavailable in the latest verified collection.Bank Al-MaghribOfficial rate page identified; collector and quote direction under review.
Publishing institution identified; specific public rate source not yet verified.
Customs
Must be verified for the specific destination country; no area-wide customs rate is implied.
Parallel market
Must be assessed by country and location; no area-wide parallel-market rate is implied.
Frequently asked questions
What is the difference between official, customs, parallel, and UnionPay exchange rates?
Official rates are sovereign benchmarks published by central banks. Customs rates are valuation rates issued by national customs authorities specifically for import duty assessment. Parallel-market rates reflect informal foreign exchange dealing where accessible. UnionPay rates are card-settlement rates published by China UnionPay for cross-border card transactions.
Why does Nigeria have separate Central Bank and Customs exchange rates?
The Central Bank of Nigeria (CBN) publishes official market benchmarks for interbank and financial transactions, whereas the Nigeria Customs Service establishes the specific foreign exchange conversion rates used by clearing agents and customs commands to compute import duties, levies, and taxes on foreign-currency invoices.
How frequently are these exchange-rate references verified and updated?
Our automated data collection pipeline runs nightly to check for updated source data. Published rates include their verified source date, publisher attribution, and freshness status, except where upstream sources (such as UnionPay card snapshots) do not provide an effective date.
How are UnionPay CNY exchange rates used in commercial trade?
UnionPay references reflect card-settlement conversion rates for cross-border payments in Chinese Yuan (CNY). They provide a direct settlement reference for business travelers and procurement teams, separate from central-bank or commercial bank wire transfer quotes.
Can these exchange rates be used directly to calculate Nigerian import duties?
Yes. The Nigeria Import Duty Calculator automatically uses the latest verified Nigeria Customs USD and CNY rates from this dataset to compute landed cost and tax assessments in Naira.
Customs clearance rates are assessment references and are not necessarily the rate available for exchanging money. UnionPay references are for card settlement and may not include issuer fees or markups. Parallel-market figures, when available, are informational and may vary by counterparty and location.
For African destinations
For African projects, GoFair coordinates sourcing and project support; EuroVista can provide regional fulfilment and support where needed.
