The exchange rate between the naira and the US dollar closed at N416.67/$1 at the Investors and Exporters (I&E) window.
Naira depreciated marginally by 0.01% on Wednesday, 13th April 2022 to close at N416.67/$1 compared to N416.62/$1 recorded in the previous trading session.
The downturn is following a 21.19% drop in FX supply at the official market as only $113.72 million exchanged hands.
Similarly, the exchange rate at the peer-to-peer market fell sharply to N590/$1 on Thursday morning, representing the highest rate recorded since we started tracking the market.
It also represents a 0.51% depreciation compared to N587/$1 recorded in the previous trading session.
The exchange rate at the parallel market closed flat at N588/$1 on Wednesday, declining by 0.17% compared to N587/$1 traded the previous day. This is according to information obtained from BDCs operating in Nigeria.
The exchange rate at the Investors and Exporters window closed at N416.67/$1 on Wednesday, 13th April 2022, representing a 0.01% depreciation compared to N416.67/$1 recorded in the previous trading session.
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