Exchange Rate
Currency: Naira exchanges ₦770.38 to dollar, drops 16.19%
In the course of the day’s trading, the highest rate ever recorded was a rate of ₦799 to the dollar.
At the Investors and Exporters window on Monday, the Naira lost value against the dollar and exchanged for ₦770.38.
At the close of business on June 16, the local currency had lost 16.19 percent of its value against the dollar.
On Monday, the open indicative rate ended at ₦703.50 to the dollar.
Before it settled at 770.38, the highest rate ever recorded during the day’s trading was a rate of ₦799 to the dollar.
During the course of the day’s trading, the naira was sold for as little as you ₦461 per dollar.
A sum of $78.03 million was exchanged at the official Investors and Exporters window on Monday.