Daily Dollar to Naira Exchange Rate Tracker 15th February 2023 

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Daily Dollar to Naira Exchange Rate Tracker 15th February 2023 

Naira appreciated slightly against the US dollar on Wednesday, 15th February 2023, trading at an average of N755/$1 at the black market compared to the previous average of N756/$1.

This is according to information from black market FX operators.

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On the other hand, the exchange rate at the cryptocurrency P2P exchange market depreciated further to N755.18/$1 on Wednesday, 15th February 2023, from N752.25/$1 recorded in the previous trading session.

Meanwhile, naira depreciated against the US dollar at the investors and exporters (I&E) window by 0.15% to close at N461/$1 on Tuesday, 14th February 2023 from N461/$1 recorded on Monday.

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Forex turnover at the official market decreased by 67.04% to $68.85 million on Tuesday, 14th February 2023, compared to the $208.91 million that was transacted in the previous session.

Nigeria’s external reserves stood at $36.817 billion as of Monday, 13th February 2023, slightly lower than the $36.82 billion recorded as of last week Friday.

Trading at the official NAFEX window

The exchange rate at the official market closed at N461.67/$1 on Tuesday, 14th February 2023, a 0.15% depreciation from N461/$1 recorded on Monday, 13th February 2023.

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The opening indicative rate closed at N461.25/$1 on Tuesday, 14th February 2023.

Furthermore, an exchange rate of N462.5/$1 was the highest rate recorded during intra-day trading before it settled at N461.67/1, while it traded for as low as N446/$1 during intra-day trading.

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A sum of $68.85 million in FX value was transacted at the I&E window on Tuesday which is 67.04% lower than the $208.91 million that exchanged hands in the previous session.

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