Daily Dollar to Naira Exchange Rate Tracker 18th November 2022

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Daily Dollar to Naira Exchange Rate Tracker 18th November 2022

This is according to information from black market traders.

Likewise, the naira grew stronger against the US dollar on Friday at the cryptocurrency peer-to-peer market, closing at N780/$1, representing an appreciation of 1.05% when compared to N788.28/$1 that was recorded in the previous trading session.

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Similarly, the naira closed against the US dollar at N445.75/$1 at the I&E window on Thursday, which represents a 0.21% uptick from N446.67/$1 recorded in the previous trading activities. Meanwhile, FX turnover at the official market inclined by 40.03% to $121 million on Thursday, in contrast to $86.41 million that was traded on Wednesday.

Nigeria’s external reserve recorded a rare increase, gaining 0.03% to stand at $37.188 billion as of 16th November 2022 from $37.177 billion recorded as of the previous day.

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Trading at the official NAFEX window

The exchange rate at the official market closed at N445.75/$1 on Thursday, 17th November 2022. This represents an improvement of 0.21% when compared to N446.67/$1 recorded in the previous trading day.

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The opening indicative rate closed at N444.4/$1 on Thursday, 17th November 2022.

Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N445.75/$1, while it traded as low as N439.96/$1 during intra-day trading.

A total of $121 million in FX value was traded at the Investors and Exporters window on Thursday, which is 40.03% higher than the $86.41 million traded on Wednesday.

P2P market exchange rate appreciates to N790.9/$1 on 17th November 2022

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The exchange rate between the naira and the US dollar improved on Thursday, 17th November 2022, at the cryptocurrency peer-to-peer market to close at N790.9/$1. This exchange recorded an appreciation of 0.64% from N796/$1 that it closed on Wednesday.

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