Dollar to Naira Exchange Rate Tracker 6th December 2022

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Dollar to Naira Exchange Rate Tracker 6th December 2022

The exchange rate between the naira and the US dollar closed at an average of N735/$1 on Tuesday, 6th December 2022 at the black market, the same as recorded in the last two trading sessions.

This is according to information from black market traders.

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In the same vein, the exchange rate at the official Investors and Exporters window remained stable, closing at N445.33/$1 on Monday. However, forex turnover decreased by 62.23% to $60.06 million on Monday from the $159.02 million traded on 2nd December 2022.

Meanwhile, naira recorded a 0.27% depreciation against the US dollar at the P2P cryptocurrency exchange, trading at a minimum of N737/$1 on Tuesday, compared to N735/$1 recorded on Monday, 5th December 2022.

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Nigeria’s external reserve dipped further on Monday, 2nd December 2022 to stand at $37.08 billion, representing a 0.08% decline compared to $37.10 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.33/$1 on Monday, 2nd December 2022, same as recorded on Friday last week.

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The opening indicative rate closed at N444.5/$1 on Monday, 2nd December 2022.

Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N445.33/$1, while it traded for as low as N440/$1 during intra-day trading.

A sum of $60.06 million in FX value was traded at the Investors and Exporters, a 62.23% increase compared to $159.02 million that exchanged hands in the previous session.

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