Naira Makes Further Gains, See Latest Exchange Rate To Dollar

Naira Makes Further Gains, See Latest Exchange Rate To Dollar

On Thursday, the naira exchanged at N461.10 to $1 at the Investors and Exporters window.

The figure represented an appreciation of 0.02 per cent compared with the N461.17 it exchanged on Wednesday.

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The open indicative rate closed at N461.25 to the dollar on Thursday.

An exchange rate of N462 to $1 was the highest rate recorded within the day’s trading before it settled at N461.10.

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The naira sold for as low as N439.96 to $1 within the day’s trading.

A total of $40.24 million was traded at the official Investors and Exporters Window on Thursday.

According to FMDQ, the Investors’ & Exporters’ FX Window is the market trading segment for investors, exporters and end-users that allows FX trades to be made at exchange rates determined based on prevailing market circumstances, thus ensuring efficient and effective price discovery in the Nigerian FX market.

(NAN)

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