Daily Dollar to Naira Exchange Rate Tracker 22nd November 2022

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Daily Dollar to Naira Exchange Rate Tracker 22nd November 2022

The exchange rate between the naira and the US dollar appreciated at the black market on Tuesday, 22nd November 2022 to close at N775/$1. The exchange appreciated by 0.64% when compared to N780/$1 in the previous day’s trading activities.

This is according to information from black market traders.

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In the same vein, the local currency strengthened against the US dollar on Tuesday at the cryptocurrency peer-to-peer market, closing at N784.2/$1, representing a 0.355% improvement against N786.99/$1 that was recorded in the previous trading session.

Also, the naira closed against the US dollar at N445.38/$1 at the I&E window on Monday, representing a 0.07% appreciation from N445.67/$1 recorded in the previous trading activities. Meanwhile, FX turnover at the official market reduced by 15.33% to $83.57 million on Monday, from $98.7 million that was traded on Friday.

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Nigeria’s external reserve improved slightly by 0.003%, to stand at $37.193 billion as of 21st November 2022 in comparison to $37.192 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 N445.38/$1 on Monday, 21st November 2022, representing a slight Improvement from N445.67/$1 recorded in the previous trading day.

The opening indicative rate closed at N444.08/$1 on Monday, 21st November 2022.

Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N445.38/$1, while it traded as low as N440/$1 during intra-day trading.

A total of $83.57 million in FX value was traded at the Investors and Exporters window on Monday, which is 15.33% lower than the $98.7 million traded on Friday.

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