GTB Exchange Rate For Today - Naira, Dollar, Pounds & Euro

GTB Exchange Rate For Today - Naira To Dollar, Pounds & Euro - Latest Guaranty Trust Bank Naira MasterCard Exchange Rate Online and POS.

Are you are a frequent traveller who uses GTB Naira MasterCard to shop or make payment abroad or do you always have bills ( like domain renewals, web hosting or internet related services) to pay in dollars, Euro or pounds and are looking for the latest GTB Exchange rate for today? This guide reveals exchange rate updates from Guaranty trust bank so that you won't be taken unawares when you make payment from your local debit card.

GTB Exchange Rate For Today - Naira To Dollar, Pounds & Euro Using Naira MasterCard

The GTB Exchange rate specifies the rate your debit cards will be charged when used to make payment online or via POS at merchant stores.

GTB Dollar to Naira Exchange Rate 

1 USD = N378

GTB Euro to Naira Exchange Rate

1 Euro = N353

GTB Pounds to Naira Exchange Rate

1 GBP = N495

GTB Canadian Dollar to Naira Exchange Rate

1 CAD = N280

GTB India Rupee to Naira Exchange Rate

1 INR = N5.99

You might be asking - why are GTB exchange rates different from the CBN official rate? - This is how the FX market works in Nigeria: The apex bank, which is the regulatory body in charge of foreign exchange dealings in the market,  sells a huge sum of foreign currency to authorised dealers, in which banks are also a major player, at an official rate, these players are mandated to resell the currency to SMEs or individual who needs it to fund business transactions, as long as it's within the CBN policies. You wouldn't expect them to sell the same rate they bought from CBN, this is where the margin comes in - though, not at the discretion of the players but within a certain range, which is the origin of bank exchange rate. So, when you see banks charge you a higher rate compared to the official rate, you should now understand why.

The GTB Exchange rates displayed above are subject to daily fluctuation as demand and supply vary - Use the information presented here and AbokiFX as a guide to making payment online via your GTB Naira MasterCard.