Exchange Rate: €500 now N500,000

dollars and pounds

The current exchange rate of the British pounds and the US dollar to Nigeria's naira is gaining more weight as €500 equivalent to N500,000.

It means €1,000 is equivalent to one million naira and the US dollar is having close range with the pounds putting the country's economy in a volatile state.

The current exchange rate is having negative impact on the Nigerian economy as seen in the high price of goods and services in the country.

Exchange Rates: 
1. €500 now N500,000
2. $500 = N400,000

Exchange Rates
€1,000 = N1,000,000
$1,000 = N800,000