JPY / Naira Exchange Analysis

VERIFIED DATA
STREET RATE ₦11.00
Naira Weakening
OFFICIAL BANK RATE ₦8.80 CBN NAFEM Window
24h Rate Alert: The JPY street rate has moved ₦1.87 (20.48%) since yesterday.
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As of today, the JPY to Naira street rate is positioned at ₦11.00. With the official rate at ₦8.80, the current 25.0% spread indicates significant market decoupling.

Analyst Note: The high spread suggests a shortage of JPY in the official window, driving buyers to the street.

Conversion Guide

AmountStreet RateBank Rate
1 JPY₦11.00₦8.80
100 JPY₦1,100.00₦879.65
1,000 JPY₦11,000.00₦8,796.51
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