Naira Falls At Official Window Against Dollar – See New Exchange Rate

Naira Falls At Official Window Against Dollar – See New Exchange Rate

Naira Falls At Official Market Against Dollar on Friday, 15th October 2021, which saw the exchange rate between the naira and the US dollar closed at N422.07/$1, at the Investors and Exporters window, where forex is traded officially.

Naira depreciated further against the US dollar on Friday, to close at N422.07/$1, representing a 1.68% fall compared to N415.10/$1 recorded on Thursday, 14th October 2021.

Similarly, the exchange rate at the parallel market closed at N573/$1. This is according to information obtained by Nairametrics from BDC operators in Lagos.

The local currency weakened to a record low at the official market as forex liquidity drops significantly by 54%

While trading at the official NAFEX window

The exchange rate depreciated against the US dollar on Friday, 15th October 2021 to close the day at N422.07 to a dollar, representing an N6.97 drop, compared to N415.10/$1 recorded on Thursday, 14th October 2021.

The opening indicative rate closed at N413.50/$1 on Friday, representing a 24 kobo gain when compared to N413.74/$1 recorded the previous trading day.

An exchange rate of N436 to a dollar was the highest rate recorded during intra-day trading before it settled at N422.07/$1, while it sold for as low as N404/$1 during intra-day trading.

Meanwhile, forex turnover at the official window dropped significantly by 53.7% on Friday, 14th October 2021.

According to data tracked by Nairametrics from FMDQ, forex turnover declined from $306.77 million recorded on Thursday to $141.94 million on Friday, 15th October 2021.

LAGOS PARALLEL MARKET RATES Saturday, October 16th, 2021 (BLACK MARKET)

Flippstak gathered that the dollar opened at N569.00 per $1 at the Lagos parallel market also known as the black market, today, Saturday, 16th October 2021 compared to N572.00 it closed on Friday 15th October 2021 which represented a change of $3 from the previous day.

According to other reports reaching us, in the Ikeja Parallel market, it opened at N569.00 per $1 at the parallel market also known as the black market, today, Saturday, 16th October 2021, in Lagos Nigeria, after it closed N569.00 per $1 on Friday, 15th October 2021. which represents a change of $0 from the previous day.

While other reports coming from Ajah Lekki Parallel market, it opened at N569.00 per $1 at the parallel market also known as the black market, today, Saturday, 16th October 2021, in Lagos Nigeria, after it closed N568.00 per $1 on Friday, 15th October 2021. which represents a change of $1 from the previous day.

Naira Falls At Official Window Against Dollar – See New Exchange Rate