See Exchange Rate Tonight As Naira Again Drops At Official Market

Naira has further crashed against the dollar at both the official market and the parallel market on Wednesday 22nd of November 2023.

The domestic currency depreciated 1.14% to close at N840.53 to a dollar at the close of business on Wednesday, data from the NAFEM where forex is officially traded, showed.

This represents an N9.56 loss or a 1.14% decline in the local currency compared to the N830.97 it closed on Tuesday.

The intraday high recorded was N1135/$1, while the intraday low was N743.43/$1, representing a wide spread of N391.57/$1.

See Exchange Rate Tonight As Naira Again Drops At Official Market

According to data obtained from the official NAFEM window, forex turnover at the close of the trading was $198.21 million, representing a 61.86% increase compared to the previous day.

Similarly, the naira at the parallel forex market where forex is sold unofficially, the exchange rate depreciated by 0.87%, quoted at N1150/$1, while peer-to-peer traders quoted around N1149.50/$1.

BY IYABO AINA

Publisher Of News Rain Nigeria