Daily Dollar to Naira Exchange Rate Tracker 23rd November 2022

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Daily Dollar to Naira Exchange Rate Tracker 23rd November 2022

The exchange rate between the naira and the US dollar closed flat at the black market on Wednesday, 23rd November 2022, trading at an average of N775/$1, the same as recorded in the previous trading session.

This is according to information from black market traders

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Also, naira strengthened against the US dollar on Wednesday at the cryptocurrency peer-to-peer market, closing at N778.9/$1, representing a 0.68% appreciation from N784.2/$1 that was recorded in the previous trading session.

On the other hand, naira closed against the US dollar at N445.5/$1 at the I&E window on Tuesday, representing a 0.03% depreciation from N445.38/$1 recorded on Monday. Meanwhile, FX turnover at the official market reduced further by 10.59% to $74.72 million on Tuesday from $83.57 million that exchanged hands in the previous day.

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Nigeria’s external reserve dropped slightly by 0.003%, to stand at $37.192 billion as of 22nd November 2022 when compared to $37.193 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 N445.5/$1 on Tuesday, 22nd November 2022, representing a decline of 0.03% from N445.38/$1 recorded in the previous trading day.

The opening indicative rate closed at N443.92/$1 on Tuesday, 22nd November 2022.

Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N445.5/$1, while it traded as low as N431/$1 during intra-day trading.

A total of $74.72 million in FX value was traded at the Investors and Exporters window on Tuesday, which is 10.59% lower than the $83.57 million traded on Monday.

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