Naira Drops by 0.31%, Exchanges at 420.23 to Dollar

Naira Drops by 0.31%, Exchanges at 420.23 to Dollar

The Naira on Monday, exchanged at 420.23 to the dollar at the Investors and Exporters window, compared to 419.02 traded on Friday, representing 0.31 per cent depreciation.

The open indicative rate closed at N418.54 to the dollar on Monday.

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N420.23.

The Naira sold for as low as 413 to the dollar within the day’s trading.

A total of 75.25 million dollars was traded in foreign exchange at the official Investors and Exporters window on Monday.

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