Daily Dollar to Naira Exchange Rate Tracker 29th November 2022 


Daily Dollar to Naira Exchange Rate Tracker 29th November 2022 

The exchange rate between the naira and the US dollar closed at an average of N770/$1 on Tuesday, 29th November 2022 at the black market, representing a 0.39% appreciation as against N773/$1 recorded on Monday.

This is according to information from black market traders.


In the same vein, the value of the naira improved against the US dollar at the cryptocurrency peer-to-peer market, closing at a minimum of N767/$1, appreciating by 1.26% from N776.9/$1 that was recorded in the previous trading session.

Also, naira appreciated against the US dollar on Monday, 28th November 2022 to close at N444.7/$1 at the I&E window, representing a 0.37% appreciation from N446.33/$1 recorded in the previous trading session. A total of $74.98 million was traded at the official market on Monday, which is 36.06% lower than the $117.26 million traded last week Friday.

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Nigeria’s external reserve dipped further for the fourth consecutive day on Friday last week, it declined by 0.02% to stand at $37.17 billion from $37.18 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N444.7/$1 on Monday, 28th November 2022, representing a 0.37% appreciation compared to the closing rate of N446.33/$1 recorded in the previous trading session.

The opening indicative rate closed at N444.1/$1 on Monday, 28th November 2022.

Furthermore, an exchange rate of N447.5/$1 was the highest rate recorded during intra-day trading before it settled at N444.7/$1, while it traded for as low as N440/$1 during intra-day trading.

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A total of $74.98 million in FX value was traded at the Investors and Exporters, a 36.06% reduction compared to $117.26 million that exchanged hands in the previous session.

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