Naira soars at official market with $620 million external reserves increase in a day

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Gauging the forex market
Gauging the forex market
Factual Pursuit of Truth for Progress

 

On Tuesday, the exchange rate between the naira and the US dollar closed at N414.30/$1, at the Investors and Exporters window.

This represents a 0.02% gain when compared to N414.40/$1 recorded on Monday.

Similarly, the exchange rate at the parallel market closed at N568/$1, representing a N6.50 drop when compared to the N574.50 that was recorded the previous trading day.

 

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