Naira yesterday appreciated to N1,350 per dollar in the
parallel market from N1,370 per dollar last week. Similarly, the naira
depreciated to N925.34 per dollar in the Nigerian Foreign Exchange Market
(NAFEM).
Data from FMDQ showed that the indicative exchange rate for
NAFEM rose to N925.34 per dollar from N902.45 per dollar last weekend,
indicating N22.89 depreciation for the naira.
Consequently, the gap between the official and parallel
market exchange rates narrowed to N397.92 per dollar yesterday from N467.55 per
dollar last weekend. The volume of dollars traded on the window fell by 12
percent to $565.82 million last week from $645.97 million the previous.
0 comments:
Post a Comment