Daily Dollar to Naira Exchange Rate Tracker 19th December 2022
Naira strengthened against the US dollar at the black market on Monday, 19th December 2022, trading at an average of N746/$1, representing a 0.13% appreciation compared to N747/$1 recorded on Friday last week.
This is according to information from black market traders.
Likewise, the exchange rate between the naira and the US dollar at the P2P cryptocurrency market appreciated by 0.16% to trade at a minimum of N749.8/$1 on Monday morning, from N750.99/$1 recorded during the previous trading session.
On the other hand, the exchange rate at the official Investors and Exporters window depreciated slightly by 0.04% to close at N451.5/$1 on Friday, 16th December 2022 compared to N451.33/$1 recorded in the previous trading session.
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Meanwhile, a total of $355.12 million was traded at the exchange on Friday, while the nation’s external reserve stood at $36.96 billion as of 9th December 2022.
Trading at the official NAFEX window
The exchange rate at the official market closed at N451.5/$1 on Friday, 19th December 2022, representing a depreciation of 0.04% compared to N451.33/$1 recorded in the previous trading session.
The opening indicative rate closed at N448/$1 on Friday, 19th December 2022.
Furthermore, an exchange rate of N452/$1 was the highest rate recorded during intra-day trading before it settled at N451.5/$1, while it traded for as low as N439.96/$1 during intra-day trading.
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A sum of $355.12 million in FX value exchange hands at the I&E window on Friday.
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