On Thursday, there was a depreciation in the Value of the Nigerian Naira at the Investors and Exporters Window.
The Exchange rate for the Naira against the US dollar was N463.67, which Indicated a decrease of 0.07 percent compared to the previous day’s rate of N463.33.
At the close of Trading on Thursday, the open Indicative rate stood at N463.85 to the Dollar.
However, during the trading day, the Exchange rate fluctuated, with the highest rate recorded being N467 to the Dollar before settling at N463.67.
Interestingly, the Naira reached its lowest point during the day, with an Exchange rate of 460 Naira to the dollar.
This suggests some volatility in the Currency’s Value over the Trading day.
Furthermore, the total Volume of Transactions at the official Investors and Exporters Window on Thursday amounted to 157.56 Million Dollars.
This Figure represents the total value of the trades conducted between the Naira and the US Dollar in that specific Window.
In summary, the Naira experienced a slight depreciation against the US Dollar at the Investors and Exporters Window on Thursday, with an Exchange rate of N463.67.
The open Indicative rate closed at N463.85, while the highest rate recorded during the Trading day was N467.
The Naira also Traded as low as 460 to the Dollar during that period. A total of 157.56 million Dollars Worth of Transactions took place at the official Investors and Exporters Window.
