Dollar To Naira Exchange Rate Today As Exchange Rate Remains Stable

The exchange rate between the naira and the US dollar closed at N416.25/$1 at the Investors and Exporters (I&E) window, where forex is traded officially.

The exchange rate at the I&E window closed lower on Thursday at N416.25/$1, which represents a 0.06% decline compared to N416/$1 recorded in the previous trading session.

A total of $68.08 million in FX value was traded on Thursday, which is 22.95% lower than the $88.36 million that exchanged hands in the previous trading session. This brings the total FX turnover so far for the week to $436.7 million.

Dollar To Naira Exchange Rate Today As Exchange Rate Remains Stable

Similarly, the exchange rate at the parallel market closed flat on Thursday to close at N575/$1, same as recorded on Wednesday, 23rd February 2022.

This is according to information obtained from BDC operators.

The exchange rate at the Peer-to-Peer (P2P) forex market appreciated marginally by 0.17% to trade at N582/$1 in the early hours of Friday, 25th February 2022 as opposed to N583/$1 recorded in the previous trading session.

Disclaimer: NEWS RAIN NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.