Naira gains, exchanges at N757.51 to dollar

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1 year ago

August 9, 2023

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On Tuesday, the naira appreciated against the dollar, exchanging at N757.51 at the Investors and Exporters window.

The naira gained by 2.23 per cent when compared with N774.78, which it exchanged for the dollar on Monday.

The open indicative rate closed at N782.59 to the dollar on Tuesday.

ALSO READ: CBN may go back to heavier exchange rate management soon, says expert

A spot exchange rate of N799.90 to the dollar was the highest rate recorded within the day’s trading before it settled at N757.51.

The naira sold for as low as N700 to the dollar within the day’s trading.

A total of $45.98m were traded at the investors and exporters window on Tuesday.

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