Home Business Naira drops against dollar, exchanges at N775.34

Naira drops against dollar, exchanges at N775.34

August 30, 2023

The naira depreciated against the dollar on Tuesday, August 29, 2023, as it exchanged at N775.34 at the investors and exporters window.

The naira lost by 0.42 per cent compared to the N772.12 it exchanged for the dollar on Monday.

The open indicative rate closed at N769.66 to the dollar on Tuesday.

A spot exchange rate of N799.90 to the dollar was the highest rate recorded within the day’s trading before it settled at N775.34.

The naira sold for as low as N701 to the dollar within the day’s trading.

A total of $71.32 million was traded at the investors and exporters window on Tuesday.