The naira depreciated against the dollar on Wednesday, May 17, exchanging for N465.13 at the Investors and Exporters window.
The rate represented a decrease of 0.10 per cent when compared to the N464.67 it exchanged for the dollar on Tuesday.
The open indicative rate closed at N463.73 to the dollar on Tuesday, May 16.
READ ALSO: Again, naira drops against dollar by 0.14%
A spot exchange rate of N466.89 was the highest rate used for trading within the day before it settled at N465.13.
Spot exchange rate is determined instantly.
The naira sold for as low as N460 to the dollar within the day’s trading.
A total turnover of $267.04 million was traded at the official Investors and Exporters window.
Latest posts by Segun Ojo (see all)
- Lagos residents groan as fuel scarcity bites hard - April 29, 2024
- Finidi George appointed Super Eagles coach - April 29, 2024
- JAMB releases 2024 UTME results, 64,624 results under investigation - April 29, 2024
Advertisement
