Daily Dollar to Naira Exchange Rate Tracker 30th December 2022

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Daily Dollar to Naira Exchange Rate Tracker 30th December 2022

This is our daily tracker of the exchange rates

The exchange rate between the naira and the US dollar appreciated on Friday morning, 30th December 2022 at the black market, trading at an average of N736/$1, a 0.27% improvement from N738/$1 recorded in the previous trading session.

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

On the other hand, the exchange rate at the P2P cryptocurrency Exchange depreciated on Friday morning, trading at a minimum of N735.42/$1, compared to N733.4/$1 recorded yesterday.

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Meanwhile, the rate of exchange at the official investors and exporters (I&E) window depreciated slightly on Thursday, 29th December 2022, representing the lowest rate recorded at the official market on record.

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A total of $142.19 million was traded at the exchange on Thursday, a decline of 27.48% compared to the $196.06 million that exchanged hands on Wednesday. Nigeria’s external reserve stood at $37.075 billion as of 28th December 2022, an increase of 0.29% from the $36.966 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N461.67/$1 on Thursday, 29th December 2022, representing a 0.07% depreciation from N461.33/$1 recorded on Wednesday.

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The opening indicative rate closed at N454.5/$1 on Thursday, 29th December 2022.

Furthermore, an exchange rate of N462/$1 was the highest rate recorded during intra-day trading before it settled at N461.67/$1, while it traded for as low as N440/$1 during intra-day trading.

A sum of $142.19 million in FX value exchanged hands at the I&E window on Thursday, which is 27.48% lower when compared to the $196.06 million that was traded in the previous session.

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