Daily Dollar to Naira Exchange Rate Tracker 19th January 2023

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Daily Dollar to Naira Exchange Rate Tracker 19th January 2023

The exchange rate between the naira and the US dollar at the black market depreciated by 0.27% to trade an average of N748/$1 on Thursday 19th January 2023, compared to N746/$1 recorded on the previous day.

This is according to information from FX black market traders.

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On the other hand, the exchange rate at the cryptocurrency P2P exchange improved marginally on Thursday morning to trade at a minimum of N746.48/$1, an 0.02% appreciation compared to N746.6/$1 recorded as of the same time on Wednesday.

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Similarly, the exchange rate at the investors and exporters (I&E) window closed at N461.25/$1 on Wednesday, 18th January 2023, recording a slight improvement compared to N461.5/$1 that it closed at the end of the previous trading session.

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A sum of $55.54 million exchanged hands on Wednesday, which is marginally higher than the $55.52 million that was traded on Tuesday, 17th January 2023. Meanwhile, Nigeria’s external reserves stood at $37.208 billion as of 17th January 2023, representing a decrease of 0.006% from the $37.210 billion recorded on 16th January 2023.

Trading at the official NAFEX window

The exchange rate at the official market closed at N461.25/$1 on Wednesday, 18th January 2023, an 0.05% appreciation from N461.5/$1 recorded in the previous trading session.

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The opening indicative rate closed at N461/$1 on Wednesday, 18th January 2023.

Furthermore, an exchange rate of N462/$1 was the highest rate recorded during intra-day trading before it settled at N461.25/1, while it traded for as low as N440/$1 during intra-day trading.

A sum of $55.54 million in FX value exchanged hands at the I&E window on Wednesday, which is 0.04% higher than the $55.52 million that was traded in the previous session.

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