The exchange rate between the naira and dollar sold at an intra-day high of N869/$1 at the Investor & Exporter Window.
This is according to data from the FMDQ.
The intra-day high represents the highest price the dollar was traded for on the official exchange rate market. The FMDQ also quotes the intra-day low and closing rates.
The intra-day high of N869/$1 tops the N855/$1 recorded on the 24th of July making it the weakest the naira has sold for on the I&E window.
I& E Window: Despite selling for that high, the exchange rate closed at a rate of N768.6/$1 weakening by 3.85% when compared to the N740/$1 it closed a day earlier.
Parallel Market: On the parallel market where the exchange rate is sold unofficially, operated quoted as high as N872/$1 according to rates garnered by Nairametrics research.
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