When it comes to dollar and Euro conversion to naira, there’s only one product i validate and that’s Flaxx not just because I use their services but because they are the best to look out for when you want to save time, drama and money…
The current Euro rate in Nigeria today at Flaxx is #820 to 1$… currently, Euro is on the rise and nothing seems to be holding it back from the dangerous inflation about to break out in the Nigerian economy so its only wise that you find a payment portal that gives you value for your earnings.
This might probably be the shortest and most enlightening blog post you will ever read in 2023, so without wasting much time, lets evaluate the Flaxx rate for earners within and outside Nigeria.
It has become old news to the average Nigerian entrepreneur that the Euro to naira rate is increasing rapidly with inflation hitting top, right, bottom of the Nigerian economy with both local and international transactions
And at this point the very best thing you can think of is getting your pay in dollars or other valued currencies or buying at a sweet exchange rate so you don’t keep leaving money on the table both with FX trading and black market transactions.
Euro to Naira exchange rate in Nigeria black market has an average of ₦820.00 today on 24/01/2023, according to 1 sell rate shared by the users as comments.
For the last 7 days, between 12/01/2023 and 23/01/2023, Euro to Naira black market rate took values between ₦755 and ₦820 with an average of ₦778.13. When we compare today’s values with the last 7 days, average Euro to Naira rate had a 41.87 points rise from ₦778.13 to ₦820.00 which corresponds to a 5.38% increase.
What is black market rate?
Black market exchange rates are exchange rates that differ from the officially given exchange rate set by a government. These black market rates often occur when the official rate bears little resemblance to the actual market conditions.
For example, USD is being traded at ₦753 in Black Market(Lagos) today, Monday, January 24, 2023. USD has been traded at ₦745 when Black Market closed last week on Friday, January 20, 2023. This makes it 0.08% rise for United States Dollar against Naira this week.
What Is Today’s Euro Rate?
Euro to Naira exchange rate in Nigeria black market has an average of ₦820.00 today on 24/01/2023, according to 1 sell rate shared by the users…
Today’s market rate at Flaxx is relatable and convenient, you can set up an account in 5 minutes, get verified and trade black market rates from the comfort of your home. you can sign up now at https://flaxx.co/
- Works well with PayPal, Payoneer, and Amazon
- Virtual Account for PayPal Verification and International Payment
- Accept credit and debit cards, Alipay and Applepay
- Works well with other freelance services like Upwork and Fiverr
I have tested the website myself and everything is functional. The USD account here can be used in withdrawing funds from PayPal, Payoneer, Amazon, Upwork and Fiver. Like Grey and Payoneer, creating a virtual account is free, and you only need to prove your identity in four easy steps.
You can also link this virtual account to Payoneer so that you can withdraw your Payoneer funds to Flaxx and withdraw at the black market rate.
I guess everybody knows Payoneer’s rate is somewhat low. The rate right is about NGN440.46, which is the official CBN rate. If you still withdraw from Payoneer straight to your Naira account, you are losing a lot of money and leaving out the better part.
How to Register A Flaxx Account
To register and verify your Flaxx account, follow this process,
Go to https://Flaxx.co
On the left side corner, click on the three lines and choose Register
Provide all your necessary details, including your Full name, email, Phone number and password.
When you are done, click on create an account. Then the website will ask you to verify your email address.
An OTP would be sent to your email to verify, input the OTP code and click on Verify. You will be verified immediately and your account will be activated successfully
And there you have it, your account would be ready, you can simply login with your email and password to complete your KYC. They trade with the black market rate and receives deposit at zero cost.
After ID verification, you can request virtual cards. You can request GBP, USD, Euro, and Naira bank accounts. Your USD account will be given to you immediately you request for one.
Flaxx is currently the best alternative for Nigerians. The account can be linked to your PayPal for withdrawal, and you can also use it as your payment method for other platforms that request international payment.
I would definitely love to hear from you, what was the most challenging thing you’ve had to go through since the dollar hike?