FMDQ Exchange, the official market aggregator, reported the naira to dollar exchange rate closed at N782.49/$1 on Wednesday.

The United States Dollar was sold at a lower rate compared to the N788.42/$1 rate the American greenback cost on Tuesday.

While this indicates the value of the Nigerian currency rose in the investors’ and exporters’ window, FMDQ disclosed that the naira to dollar rate had also traded at a high of N806/$1 during the session and a low of N690/$1.

According to the report, at the end of trading, the foreign exchange traders in the investors’ and exporters’ window transacted $90.52 million worth of forex.

This is more than the $68.10 million investors and exporters traded the day before. The transactions increased by $22.42 million or 32.9 per cent within two days.

To read more, click on the link below
https://www.primebusiness.africa/official-dollar-rate-surpasses-n800-usd-pound-euro-prices-rise-in-black-market/