TheCapital

Naira Makes Further Gains, Exchanges at N461.10 to $1

 Breaking News

Naira Makes Further Gains, Exchanges at N461.10 to $1

Naira Makes Further Gains, Exchanges at N461.10 to $1
February 10
07:45 2023

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.

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.

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)

About Author

Opeyemi

Opeyemi

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.