Guaranty Trust Bank has adjusted its forex rate for international transactions to N1,545 per dollar, keeping it aligned with the black market rate — www.naijnaira.com reports.
The bank confirmed the update in a customer notice on August 18, stating that rates will continue to shift daily in line with intraday market conditions.
“FX rate for international payments on your GTBank naira card today is N1,545,” the notice read, adding that the figure changes as the market moves.
Customers can use their naira cards for services such as tuition, medical bills, training courses, and mortgages, provided they register through tradesystem.gov.ng.
Access Bank also shared its updated list, fixing the dollar at N1,500, the British pound at N1,993.02, and the euro at N1,720.88.
Other rates released include the Canadian dollar at N1,076.91, the Australian dollar at N957.47, and the Chinese yuan at N200.45.
Meanwhile, the naira continued to struggle in both official and parallel markets, losing further ground against the dollar to close at N1,533.77 per $1, according to CBN data.
Bureau de Change operators confirmed that demand pressure also weakened the naira in the black market, mirroring the slide seen at official close.
Article updated 3 days ago. Content is written and modified by multiple authors.
