![]() A cursory look at the Nairametrics FX tracker showed that the exchange rate hit its strongest level since 8th December 2022 when it converted for N750/$1.Īlso, the naira strengthened against the US dollar at the P2P cryptocurrency Exchange with a 0.42% appreciation from N742.1/$1 recorded on Thursday morning to trade at a minimum of N739/$1 on Friday morning. This is according to information from black market traders who spoke to Nairametrics. The exchange rate between the naira and the dollar at the black market appreciated by 0.4% to trade at N740/$1 on Friday, 23rd December 2022 from N743/$1 recorded in the previous trading session. Naira strengthens at black market, trades at N740/$1 on 23rd December 2022 A sum of $155.86 million in FX value exchange hands at the I&E window on Friday, which represents a 39.95% increase compared to $111.37 million that was traded in the previous session.Furthermore, an exchange rate of N452/$1 was the highest rate recorded during intra-day trading before it settled at N456.5/$1, while it traded for as low as N440/$1 during intra-day trading.The opening indicative rate closed at N451.38/$1 on Friday, 23rd December 2022.The exchange rate at the official market closed at N456.5/$1 on Friday, 23rd December 2022, representing a 0.05% depreciation from N456.25/$1 recorded on Thursday. Nigeria’s external reserve stood at $36.95 billion as of 22nd December 2022, an increase of 0.02% from the $36.947 billion recorded as of the previous day. Meanwhile, a total of $155.86 million was traded at the exchange on Friday, recording a 39.95% increase compared to the $111.37 million that exchanged hands on Thursday, 22nd December 2022. On the other hand, the rate of exchange at the official importer and exporter window depreciated on Friday, 23rd December 2022 to close at N456.5/$1, 0.05% downturn compared to N456.25/$1 that was recorded in the previous trading session. The exchange rate between the naira and the dollar at the black market remained stable through the Christmas celebration, trading at an average of N740/$1 on Tuesday, 27th December 2022.Īlso, the naira maintained the same rate at the P2P cryptocurrency Exchange on Tuesday morning, trading at a minimum of N739/$1, the same as recorded last week Friday. ![]()
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