Daily Dollar to Naira Exchange Rate Tracker 23rd January 2023 

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Daily Dollar to Naira Exchange Rate Tracker 23rd January 2023 

The exchange rate between the naira and the US dollar at the black market appreciated further by 0.13% on Monday morning, 23rd January 2023, trading at an average of N745/$1 compared to N746/$1 recorded last week Friday.

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 depreciated on Monday morning to trade at a minimum of N745/$1, a 0.15% downturn compared to N743.9$1 recorded as of the same time last week Friday..

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Meanwhile, the exchange rate at the investors and exporters (I&E) window closed at N461.5/$1 on Friday, 20th January 2023, the same as recorded in the previous trading session.

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Forex turnover dipped by 55.6% on Friday to $96.81 million, compared to the $217.86 million that was transacted in the previous session. Nigeria’s external reserves stood at $37.201 billion as of 19th January 2023, representing a decrease of 0.01% from the $37.205 billion recorded on of 18th January 2023.

Trading at the official NAFEX window

The exchange rate at the official market closed at N461.5/$1 on Friday, 20th January 2023.

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The opening indicative rate closed at N461/$1 on Friday, 20th January 2023, representing a slight uptick compared to N461.1/$1 recorded in the previous session.

Furthermore, an exchange rate of N462/$1 was the highest rate recorded during intra-day trading before it settled at N461.5/1, while it traded for as low as N440/$1 during intra-day trading.

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A sum of $96.81 million in FX value exchanged hands at the I&E window on Friday, which is 55.6% lower than the $217.86 million that was traded in the previous session.

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