Daily Dollar to Naira Exchange Rate Tracker 15th December 2022

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Daily Dollar to Naira Exchange Rate Tracker 15th December 2022

Naira remained stable against the US dollar at the black market on Thursday, 15th December 2022, trading at an average of N745/$1, same as recorded on Wednesday.

This is according to information from black market traders.

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On the flip side, the exchange rate P2P cryptocurrency exchange depreciated by 0.14% to trade at a minimum of N749.96/$1 on Thursday morning, from N748.9/$1 recorded during the previous trading session.

Also, the exchange rate at the official Investors and Exporters window depreciated by 0.94% to close at N450.58/$1 on Wednesday, 14th December 2022 compared to N446.38/$1 recorded in the previous trading session.

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Meanwhile, Forex turnover increased by 96.7% to $141.92 million on Wednesday, as against $72.15 million that was traded in the previous session. Nigeria’s external reserve remain at $39.96 billion as of 9th December 2022.

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Trading at the official NAFEX window

The exchange rate at the official market closed at N450.58/$1 on Wednesday, 14th December 2022, representing a decline of 0.94% compared to N446.38/$1 recorded in the previous trading session.

• The opening indicative rate closed at N447.92/$1 on Wednesday, 14th December 2022.

• Furthermore, an exchange rate of N452/$1 was the highest rate recorded drateuring intra-day trading before it settled at N450.58/$1, while it traded for as low as N426/$1 during intra-day trading.

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• A sum of $141.92 million in FX value was traded at the Investors and Exporters window, an improvement of 96.7% compared to $72.15 million that exchanged hands in the previous session.

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