The exchange rate between the naira and the US dollar depreciated by 1.50% at the black market on Monday, 17th October 2022, trading at an average of N742/$1 compared to N731/$1 recorded in the previous trading session.
Also, the naira at the cryptocurrency peer-to-peer FX market decreased by 0.34% to trade at a minimum of N740.67/$1 on Monday morning, against N738.2/$1 traded at the same time on Friday, 14th October 2022. [irp]
Meanwhile, the exchange rate between the naira and the US dollar at the I&E official window closed at N441.38/$1 on Friday, 17th October 2022, representing a slight gain of 0.1% compared to N441.83/$1 recorded in the previous trading session.
Similarly, a sum of $69.18 million was traded at the Investors and Exporters window on Friday, an increase of 6.76% compared to $64.8 million that exchanged hands in the previous session.