If you use Access Bank Debit / Visa card and you tend to make payments online, you probably would be wondering what the current exchange rate is.
Well, as you probably already know, the Naira to Dollar exchange rate has been on the rise for a while now.
Until recently, Access Bank exchange rate for Naira to Dollar has been around N335 for months now. However, that has changed with much difference.
Doing the maths, Access Bank charged me N370 per dollar. Hence, if you are wondering what Access Bank current exchange rate is for a dollar, it is N370.
A friend, earlier today, mentioned that GTB charged her N350 per dollar. That’s N20 difference between both banks.
While the difference is small, at least for the kind of payment I just made, imagine buying something online worth $1000. That would be a difference of N20,000 between both banks.
Anyway, the point is, Access Bank PLC currently charges N370 per dollar which in my opinion, is on the high side.
Update (September 6, 2016): N395 per dollar is what the bank is currently charging using it’s VISA CARD as of 6th of September, 2016.
Update (October 3, 2016): Access bank now charges N420 (Four Hundred and Twenty Naira) to a dollar. Of course, this is using it’s VISA Card.
Update (October 19, 2016): Access bank now charges N380 (three hundred and Eighty Naira) per dollar. This is a bit better than what we’ve been getting for the past few weeks.
Update (December 2, 2016): As at today being December 2nd, 2016, Access bank charges NGN325 to a dollar using it’s Visa Card. No doubt, this is the cheapest rate in a long while.
Update(December 29, 2016): Access bank exchange rate using it’s VISA Card still remains at N325 to a dollar when making purchases online.