GTBANK EXCHANGE RATE TODAY AUGUST 2017 ( GUARANTEE TRUST BANK Dollars Euro Pounds Naira Fx Rate )
It is no news that the commercial banks now exchange dollar to naira at the same rate obtainable in the parallel market otherwise known as black market and just as the price fluctuates, they follow the bandwagon despite the fact that the Central Bank of Nigeria exchange rate is pegged at a rate. For example, at the interbank market, CBN rates for dollars exchange is at a dynamic equilibrium of 307.5 Naira giving liberty to the banks to sell at higher price rate compared to what the rate was in December 2016. One of such bank that we would discuss it the dollar to naira rate for exchange is that of GTBank Nigeria exchange rate.
GTBANK RATE FOR EXCHANGE AUGUST 2017
GTBank dollar to naira exchange rate
- 1 USD to NGN — USD = Naira 375
GTBank Pounds Exchange Rate
- 1 GBP to NGN — GBP = Naira 488
GTBank Euro Exchange Rate
- 1 Euro to NGN — Euro = Naira 438
CAD Exchange Rate
- 1 cad to naira — CAD = Naira 305
Ugandan Shillings Ugx to Naira Exchange Rate
- 1 Ugx to NGN — Ugx = Naira 9.6
India INR to Naira Exchange Rate
- 1 INR to NGN — INR = Naira 6.2
Malaysia Myr Exchange Rate
- 1 Myr to NGN — Myr = Naira 89
Russia Rub to Naira Fx Rate
- 1 Rub to Naira — Rub = Ngn 7.1
- 1 Try = NGN 90
It is important to note that the amounts quoted above may likely not be the amount you will be charged. The reason is simple, the rate of exchange is very dynamic, depending on several factors to adjust.
Also, you should note that whenever you are making a withdrawal and receiving payments, GTbank just like other banks will charge at rates even lesser than the official bank rate. This means you are made to pay more when the bank sells dollars to you while you get less naira equivalent when the bank buys dollars from you.