The Naira, Tuesday, appreciated to N363.72 per dollar in the Investors and Exporters (I&E) window due to a 50 percent increase in volume of dollars traded.
Data from FMDQ showed that the indicative exchange rate for the window dropped to N 363.72 per dollar, yesterday, from N364.28 per dollar on Monday, indicating 56 kobo appreciation of the naira. The volume of dollars traded on the window yesterday rose by 50 percent to $264.04 million from $176.49 million traded on Monday. However, the naira yesterday was stable at N359 per dollar in the parallel market.
