Daily Dollar to Naira Exchange Rate Tracker 30th November 2022
The exchange rate between the naira and the US dollar closed at an average of N767/$1 on Wednesday, 30th November 2022 at the black market, representing a 0.39% appreciation as against N770/$1 recorded on Tuesday.
This is according to information from black market traders.
Also, the value of the naira appreciated against the US dollar on Wednesday at the cryptocurrency peer-to-peer market, closing at a minimum of N757/$1. This represents a 1.3% gain from N767/$1 that was recorded in the previous trading session.
On the other hand, naira depreciated against the US dollar on Tuesday, 29th November 2022 to close at N445.3/$1 at the I&E window, representing a 0.13% downturn from N444.7/$1 recorded in the previous trading session. A total of $108.32 million was traded at the official market on Tuesday, which is 44.47% higher than the $74.98 million traded on Monday.
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Nigeria’s external reserve dipped further for the fifth consecutive day on Monday, 28th November 2022, declining by 0.13% to stand at $37.12 billion from $37.17 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 N445.3$1 on Tuesday, 29th November 2022, representing a 0.13% depreciation compared to the closing rate of N444.7/$1 recorded in the previous trading session.
The opening indicative rate closed at N444.17/$1 on Tuesday, 29th November 2022.
Furthermore, an exchange rate of N447.39/$1 was the highest rate recorded during intra-day trading before it settled at N445.3/$1, while it traded for as low as N432/$1 during intra-day trading.
A total of $108.32 million in FX value was traded at the Investors and Exporters, a 44.47% increase compared to $74.98 million that exchanged hands in the previous session.
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