The exchange rate between the naira and dollar at the parallel market also known as Black Market on Thursday 15th September 2022 appreciated marginally to N706/$1, representing a 0.14% improvement compared to N707/$1 recorded in the previous trading session.
On the other hand, the exchange rate at the official I&E window depreciated slightly to close at N436.5/$1 on Wednesday, 14th September 2022 from N436.04/$1 recorded on Tuesday. The depreciation in the closing exchange rate is following the 21.22% decline in the amount of FX traded in the I&E window.
Notably, a total of $65.95 million was recorded as forex turnover on Wednesday, which is 21.22% lower than the $83.71 million that exchanged hands on Tuesday, Nairametrics reports.
Dollar to Naira Black Market Rate Today, 15th September 2022
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate Today|
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