Today, see what happens to Naira against Dollar at Official and Parallel Markets Amid Surge in Transaction Volume
Today, see what happens to Naira against Dollar at Official and Parallel Markets Amid Surge in Transaction Volume
Today’s Naira vs. Dollar: Stability in Official and Parallel Markets with Increased Trading Volume
On Tuesday, the naira held steady at N1,339.33/$1 in the official market and N1,520/$1 in the parallel market, amid a significant rise in transaction volumes.
At the Nigerian Autonomous Foreign Exchange Market (NAFEX) window, the naira closed at N1,339.33/$1, the same rate as Monday. In the parallel market, the naira also remained stable, closing at N1,520/$1.
Transaction volumes saw a significant boost, increasing by 81.58%. The daily turnover reached $328.32 million, compared to Monday’s $180.80 million. The highest spot rate recorded on Tuesday was N1,506, while the lowest was N1,150.
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