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Naira depreciates against dollar(See New Rate)

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The naira depreciated against the dollar on Wednesday, exchanging for N463.02 at the investors’ and exporters’ window.

The rate represents a decrease of 0.17 per cent compared to the N462.25 it exchanged to the dollar on Tuesday.

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The open indicative rate closed at N463 to the dollar on Wednesday.

A spot exchange rate of N467 was used for trading within the day before it settled at N463.02.

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The spot exchange rate is determined instantly.

The naira sold for as low as N460 to the dollar within the day’s trading.

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A total turnover of $178.68 million was traded at the official Investors’ and Exporters’ window.

 

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