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🇿🇦2 South African Rand to Naira

Today's exchange rate: 2 R = ₦164

Black market sell
₦164
Black market buy
₦156

Reverse: Naira to South African Rand

₦164 = R2 at black market rate

Quick conversion table

AmountBlack market
R1₦82
R5₦410
R10₦820
R50₦4,100
R100₦8,200
R500₦41,000
R1,000₦82,000
R5,000₦410,000
R10,000₦820,000

💱 Currency Converter

Black market (sell)
₦164
Black market (buy)
₦156
CBN official

Frequently Asked Questions

The CBN rate is the official rate set by the Central Bank of Nigeria for licensed banks and importers. The black market rate is set by Bureau de Change (BDC) operators where most ordinary Nigerians actually buy currency. The black market rate is usually higher because of dollar scarcity at official channels.

Important Disclaimer

The parallel market ("black market") exchange rates displayed on this page are collected from Bureau de Change (BDC) operators in Lagos and are provided for informational purposes only. These rates are indicative averages and may differ from the rate you receive in an actual transaction depending on your location, transaction volume, time of day, and the specific dealer.

Lagos.cool does NOT trade, buy, sell, or exchange any currency. We are an information platform only. We do not endorse, recommend, or facilitate any foreign exchange transactions. For currency exchange, please use licensed Bureau de Change operators, your commercial bank, or other authorized financial institutions.

The Central Bank of Nigeria (CBN) does not recognize the parallel market. The official CBN exchange rate, where shown, is the rate available through authorized financial institutions. Exchanging currency outside official channels carries risks including fraud, counterfeit currency, and legal liability. Always exercise caution and verify rates before transacting.

Rates are updated daily but may change multiple times within a single day. Lagos.cool makes no guarantee of accuracy, completeness, or timeliness. Exchange rates are not financial advice. Consult a licensed financial advisor for investment decisions.