As of today, the JPY to Naira street rate is positioned at ₦11.00. With the official rate at ₦8.47, the current 29.9% spread indicates significant market decoupling.
Analyst Note: The high spread suggests a shortage of JPY in the official window, driving buyers to the street.
| Amount | Street Rate | Bank Rate |
|---|---|---|
| 1 JPY | ₦11.00 | ₦8.47 |
| 100 JPY | ₦1,100.00 | ₦846.93 |
| 1,000 JPY | ₦11,000.00 | ₦8,469.27 |
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