Naira recorded a marginal appreciation of 0.04% against the US dollar at the Investors and Exporters (I&E) window to close at N462.73/$1 on Thursday, 11th May 2023, compared to the closing rate of N463.02/$1 it recorded on Wednesday, 10th May 2023…..CONTINUE READING...CONTINUE READING
This is according to daily currency updates, tracked and compiled from FMDQ Exchange.
The exchange recorded an opening indicative rate of N462.83/$1 at the IEFX on Thursday 11th May 2023, from an opening rate of N463/$1 that was recorded on 109 May 2023.
The highest rate, in the same vein, during intra-day trading stood at N467/$1, same rate that was recorded in the previous trading session, while the lowest rate stood at N460/$1, same rate recorded on Wednesday 10th May 2023.
However, the sum of $178.68 million was transacted at the official market on Thursday 11th May 2023, which is the same sum of forex turnover that exchanged hands in the previous session.
See Exchange Rate Tonight As Naira Improves Marginally Against Dollar
Meanwhile, the nation’s external reserves stood at $35.22 billion as of Wednesday, 10th May 2023, a marginal depreciation of 0.04% from $35.24 billion recorded as of Tuesday, 9th May 2023…..CONTINUE READING
