FMDQ Resumes Posting of Exchange rate on its website
GoldenNewsNg gathered that FMDQ the major source for tracking official exchange rate in Nigeria has resumed the publication of the Investors and Exporters (I&E Window) exchange rate on its website, after two weeks of adopting a two-day delay.
According to a by Nairametrics, FMDQ ceased publishing official exchange rate figures on its website, which in essence made it impossible for FX data users to access such vital information.
However, as of the end of trading activities on Thursday, 20th January 2022, the trading house released the exchange rate market movement for the day and did the same for the next day (Friday), indicating that it has resumed the status quo.
What you Need to Know about FMDQ
The Investors & Exporters Window (I&E) official exchange rate is relied upon by tens of thousands of businesses in the country for making business decisions such as imports and exports, conversion of FX balances, payment for goods and services, etc.
It is also relied on by foreign investors in determining the conversion rate for investments into the country. In addition, It is used by academics, researchers, and the media in documenting and analyzing the exchange rate and its impact on Africa’s largest economy, which makes it very vital information to track.
