Naira trades at N1,561.76 to dollar, gaining N73.39

Naira and Dollar

Naira trades at N1,561.76 to dollar, gaining N73.39.

At the Investor’s and Exporter’s (I&E) window, the Naira traded within a range of N1,650 and N1,540 to the dollar.

This development, reported by the FMDQ Exchange, reflects a 4.48% gain compared to Monday’s trading rate of N1,635.15 per dollar.

The appreciation marks a positive shift in the currency‘s value amidst fluctuating market conditions.

Also, the total daily turnover surged to $253.68 million on Tuesday, more than doubling Monday’s turnover of $126.24 million, indicating heightened activity in the foreign exchange market.

At the Investor’s and Exporter’s (I&E) window, the Naira traded within a range of N1,650 and N1,540 to the dollar.

The Naira appreciated greatly on Tuesday, strengthening by N73.39 at the official market to trade at N1,561.76 to the dollar.