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.