Forex: Naira exchanges to dollar at N472

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Factual Pursuit of Truth for Progress

By Francis Ogwo

The Naira and the US dollar on Tuesday had an exchange rate closing at N470/US$1 in the parallel market.

The exchange rate closed at N462/$1 on Monday.

Similarly, the exchange rate between the Naira and the British pounds sterling also closed at N570/₤1 on Tuesday 14th July, as against N550/₤1 rate recorded on Monday 13th July 2020.

In addition, the exchange rate between the naira and the European euro closed at N498/€1 on Tuesday 14th of July 2020 as against N495/€1 recorded on Monday 13th July 2020.

On the activities category, the US dollar sold for as high as N472/$1 before closing at N470/US$1.

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