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.
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.
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.
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.
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.