FX RATES
FX RATES

Naira falls at NAFEX window as liquidity crisis in the forex market persists

The exchange rate between the naira and the US Dollar closed at N409.75 to a dollar at the Investors and Exporters window.

The Naira depreciated against the US Dollar on Tuesday to close at N409.75/$1, representing a 0.21% drop when compared to N408.90/$1 recorded on Monday, 15th March 2021 as liquidity crisis persists in the forex market.

Also, the Naira remained stable against the US Dollar in the parallel market, to close at N485 to a dollar. the same as the rate that was recorded on the previous day.

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