Naira appreciates marginally, exchanges N464.50 to dollar

Yesterday, the Nigerian Naira experienced a slight appreciation against the US Dollar. At the Investors’ and Exporters’ window, the Naira exchanged at a rate of N464.50 to the dollar, compared to the previous rate of N464.51 on May 26.

The open indicative rate, which serves as a reference for the interbank forex market, closed at N464.10 to the dollar yesterday.

During yesterday’s trading, the exchange rate reached a peak of N467 to the dollar, but eventually settled at N464.50.

Within the trading day, the Naira reached a low point of 460 to the dollar.

In terms of volume, a total of $120.36 million was traded at the official Investors and Exporters window yesterday.

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