Naira gains at official market Against Dollar, See New Exchange Rate
GoldenNewsNg report that Naira has gained at official market against dollar.
The exchange rate between the naira and the US dollar closed at N414.83/$1, at the official Investors and Exporters window.
Naira appreciated marginally against the US dollar on Monday, to close at N414.83/$1, representing a 0.02% gain when compared to N414.90/$1 recorded on Friday 24th September 2021.
Dollar to Naira Yesterday and Throughout the Week
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
|---|---|---|---|---|
| 9/27/2021 | US DOLLAR | 408.71 | 409.71 | 410.71 |
| 9/24/2021 | US DOLLAR | 409.7 | 410.2 | 410.7 |
| 9/23/2021 | US DOLLAR | 409.67 | 410.17 | 410.67 |
| 9/22/2021 | US DOLLAR | 409.63 | 410.13 | 410.63 |
| 9/21/2021 | US DOLLAR | 409.6 | 410.1 | 410.6 |
| 9/20/2021 | US DOLLAR | 409.59 | 410.09 | 410.59 |
| 9/17/2021 | US DOLLAR | 409.58 | 410.08 | 410.58 |
| 9/16/2021 | US DOLLAR | 409.57 | 410.07 | 410.57 |
| 9/15/2021 | US DOLLAR | 409.55 | 410.05 | 410.55 |
| 9/14/2021 | US DOLLAR | 409.54 | 410.04 | 410.54 |
Source: cbn.gov.ng
Trading at the official NAFEX window
The exchange rate appreciated marginally against the US dollar on Monday, 27th September 2021 to close the day at N414.83 to a dollar, representing a 7 kobo gain when compared to N413.90/$1 recorded on Friday, 24th September 2021.
The opening indicative rate closed at N413.30/$1 on Monday, representing a 16 kobo drop when compared to N413.14/$1 recorded on Friday, 24th September 2021.
An exchange rate of N415 to a dollar was the highest rate recorded during intra-day trading before it settled at N414.83/$1, while it sold for as low as N405/$1 during intra-day trading, the same as the previous day.
Meanwhile, forex turnover at the official window dropped by 34.12% on Monday, 27th September 2021.
According to data tracked by Nairametrics from the FMDQ, forex turnover declined from $198.59 million recorded on Friday to $130.83 million on Monday 27th September 2021.
How Much is Dollar to Naira in Black Market
September 28 dollar to Naira black market exchange rate: $1 dollar to naira = N573/$1
GoldenNewsNg reports that the black market, the players buy a dollar for N571/$1 and sell for N573/$1 on Monday morning, September 28, 2021. after they bought N575 for and sold N580 Yesterday
