FX RATES
FX RATES

Naira gains at NAFEX window despite 26.2% drop in dollar supply

The naira appreciated against the US Dollar on Wednesday, 31st March 2021, at the NAFEX window to close at N408.67 to a dollar.

 The exchange rate between the naira and the US Dollar closed at N408.67/$1 at the Investors and Exporters window.

The naira appreciated against the US Dollar on Wednesday, 31st March 2021 gaining for the fifth consecutive day at the NAFEX window to close at N408.67 to a dollar despite a 26.2% drop in dollar supply.

This represents a 0.08% gain, when compared to N409/$1 recorded on Tuesday, 30th March 2021.

However, the naira remained stable at the parallel market, closing at N486/$1, the same rate recorded on the previous trading day.

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