Daily Dollar to Naira Exchange Rate Tracker 28th November 2022

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Daily Dollar to Naira Exchange Rate Tracker 28th November 2022

The exchange rate between the naira and the US dollar closed at an average of N773/$1 on Monday, 28th November 2022 at the black market, representing a 0.64% appreciation as against N778/$1 recorded last week Friday.

This is according to information from black market traders.

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Also, naira improved against the US dollar on Monday at the cryptocurrency peer-to-peer market, closing at a minimum of N776.8/$1, appreciating by 0.15% from N777.99/$1 that was recorded in the previous trading session.

On the other hand, naira depreciated against the US dollar on Friday, 25th November 2022 to close at N446.33/$1 at the I&E window, which represents a 0.3% depreciation from N445/$1 recorded in the previous trading session. A total of $117.26 million was traded at the official market on Friday, which is 19.62% lower than the $145.89 million traded on Thursday.

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Nigeria’s external reserve dropped slightly by 0.01%, to stand at $37.181 billion as of 24th November 2022 in contrast to $37.186 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N446.33/$1 on Friday, 25th November 2022, representing a 0.3% depreciation compared to the closing rate of N445/$1 recorded in the previous trading session.

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The opening indicative rate closed at N444.2/$1 on Friday, 25th November 2022.

Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N446.33/$1, while it traded as low as N439.99/$1 during intra-day trading.

A total of $117.26 million in FX value was traded at the Investors and Exporters, a 19.62% drop compared to $145.89 million that exchanged hands in the previous session

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