Dollar to Naira Exchange Rate Tracker 9th December 2022 

0
74

Dollar to Naira Exchange Rate Tracker 9th December 2022 

The exchange rate between the naira and the US dollar at the parallel market appreciated by 0.67% on Friday, 9th December 2022, trading at an average of N745/$1 compared to N750/$1 recorded in the previous trading session.

This is according to information from black market traders who spoke to Nairametrics.

-Advertisement-

Likewise, the local currency strengthened by 0.13% against the US dollar at the P2P cryptocurrency exchange, trading at a minimum of N752.95/$1 on Friday morning, compared to N753.94/$1 recorded on Thursday, 8th December 2022.

On the other hand, the exchange rate at the official Investors and Exporters window recorded a slight depreciation of 0.04% to close at N446/$1 on Thursday, 8th December 2022 from N445.83/$1 recorded in the previous day. Meanwhile, forex turnover surged to its highest level in almost a month at $213.2 million.

-Advertisement-
Learn More
-Advertisement-

READ ALSO: ✳️ *How Healthy is Green Tea? Does it have Side Effects? Health experts Answer*

Nigeria’s external reserve dipped further on Wednesday, 7th December 2022 to stand at $36.96 billion, from $36.97 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N446/$1 on Thursday, 8th December 2022, representing a 0.04% depreciation compared to N445.83/$1 recorded in the previous trading session.

The opening indicative rate closed at N445/$1 on Thursday, 8th December 2022.

Furthermore, an exchange rate of N452/$1 was the highest rate recorded during intra-day trading before it settled at N446/$1, while it traded for as low as N439.98/$1 during intra-day trading.

A sum of $231.2 million in FX value was traded at the Investors and Exporters, an increase of 80.94% from $127.78 million that exchanged hands in the previous session.

We do everything possible to supply quality information for readers day in, day out and we are committed to keep doing this. Your kind donation will help our continuous research efforts.

LEAVE A REPLY

Please enter your comment!
Please enter your name here