FOREX MARKET: Naira Ends Week On Negative Note Against US$ Officially

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Gauging the Forex Market | THISDAYLIVE

Nigeria’s currency, the Naira, continues to be dominated by the United States Dollar (USD), reportedly exchanging at the rate of N461.50 to a dollar at the Investors’ and Exporters’ window on Friday.

The rate represented a decrease of 0.11 per cent, compared to the N461 for which it exchanged to the dollar on Thursday.

The open indicative rate closed at N461.50 to the dollar on Friday.

An exchange rate of N462.44 to the dollar was the highest rate recorded within the day’s trading before it settled at N461.50.

The Naira sold for as low as N446 to the dollar within the day’s trading.

A total of US$ 82.56 million was traded at the official Investors’ and Exporters’ window.

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