Daily Dollar to Naira Exchange Rate Tracker 25th November 2022


Daily Dollar to Naira Exchange Rate Tracker 25th November 2022

The exchange rate between the naira and the US dollar closed at an average of N778/$1 on Friday, 25th November 2022 at the black market, representing a 0.78% downturn from N772/$1 recorded in the last two trading sessions.

This is according to information from black market traders.


Also, naira weakened marginally against the US dollar on Friday at the cryptocurrency peer-to-peer market, closing at a minimum of N777.99/$1, representing a 0.13% depreciation from N777/$1 that was recorded in the previous trading session.

On the other hand, naira appreciated against the US dollar on Thursday to close at N445/$1 at the I&E window, which represents a 0.22% appreciation from N446/$1 recorded on Tuesday. A total of $145.89 million was traded at the official market on Thursday.

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Nigeria’s external reserve dropped slightly by 0.01%, to stand at $37.18 billion as of 23rd November 2022 when compared to $37.19 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445/$1 on Thursday, 24th November 2022, representing a 0.22% appreciation compared to the closing rate of N446/$1 recorded in the previous trading session.

The opening indicative rate closed at N444.17/$1 on Thursday, 24th November 2022.

Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N445/$1, while it traded as low as N435/$1 during intra-day trading.

A total of $145.89 million in FX value was traded at the Investors and Exporters.

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