GTBank Exchange Rates are foreign exchange rates offered by the Nigerian bank. Guaranty Trust Bank, also known as GTBank, offers different rates to foreign currencies to Naira. In this article, we update you on the current GTBank Exchange Rates such as Dollar to Naira rates, Euro to Naira rates, Pounds to Naira rates, and so on.
GTBank is a popular bank of choice for many Nigerians because of reasons such as their professional services, topnotch online and internet banking, excellent customer services, and trustworthy exchange systems, amongst others.
The leading African bank offers both interbank exchange rate and parallel rate, which is more popularly referred to as Black market rate. Interbank Exchange rate refers to the exchange rates offered by the bank itself, while the parallel rate is a black market rate that can be offered within the bank premises, though not by an official of the bank.
The parallel rates within the bank is usually offered by an independent party offering Bureau de Change services with the consent of the bank. To read more on the different types of exchange rates, check out NIGERIA’S MULTIPLE RATES.
GTBANK EXCHANGE RATES (Dollar, Pounds, Euro)
GTBank Dollar to Naira rates: GTB exchanges Dollar at $1 to NGN390 at the Interbank rate, while the Black market (Parallel) rate exchanges the Dollar at $1 to NGN475.
GTBank Euro to Naira rates: Guaranty Trust Bank exchanges the Euro at €1 to NGN462. On the other hand, the black market exchanges the Euro at NGN540.
GTBank Pound to Naira rates: The Pound to Naira exchange rate offered by GTBank is £1 to NGN516. The parallel market, on the other hand, exchanges Pounds at £1 to NGN585.
It is important to note that exchange rates are subject to frequent fluctuations. This is due to the volatility of the Naira against the Dollar. However, for sure and updated currency conversion rates, visit ABOKI FX! Make sure to bookmark the site as well!