Daily Dollar to Naira Exchange Rate Tracker 14th December 2022

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Daily Dollar to Naira Exchange Rate Tracker 14th December 2022

Naira strengthened marginally against the US dollar on Wednesday, 14th December 2022, recording a 0.27% appreciation to trade at an average of N745/$1 compared to N747/$1 recorded on Tuesday.

This is according to information from black market traders.

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On the other hand, the exchange rate dipped by 0.12% against the US dollar at the P2P cryptocurrency exchange, trading at a minimum of N748.9/$1 on Wednesday morning, against N748/$1 recorded on Tuesday 13th December 2022.

Also, the exchange rate at the official Investors and Exporters window depreciated by 0.09% to close at N446.38/$1 on Tuesday, 13th December 2022 compared to N446/$1 recorded in the previous trading session.

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However, Forex turnover declined by 7.59% to $72.15 million on Tuesday, compared to $78.08 million that was traded in the previous session. Nigeria’s external reserve dipped by 0.01% on Friday, 9th December 2022 to stand at $36.957 billion, from $36.962 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N446.38/$1 on Tuesday, 13th December 2022, representing a 0.09% depreciation compared to N446/$1 recorded in the previous trading session.

• The opening indicative rate closed at N445.4/$1 on Tuesday, 13th December 2022.

• Furthermore, an exchange rate of N452/$1 was the highest rate recorded during intra-day trading before it settled at N446.38/$1, while it traded for as low as N440/$1 during intra-day trading.

• A sum of $72.15 million in FX value was traded at the Investors and Exporters, a decline of 7.59% from $78.08 million that exchanged hands in the previous session.

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