Dollar To Naira Exchange Rate Today

Dollar To Naira

Naira has crashed to all time low against dollar at the official market, see new exchange for today below.

Akelicious reports that the exchange rate between the naira and the US dollar at the official Investors and Exporters (I&E) window closed at N435/$1, the highest rate on record.

Akelicious understands that the Naira crashed against the US dollar on Thursday to close at N435/$1, representing a 4.82% depreciation compared to N415/$1 recorded in the previous trading session. The 4.82% fall is the highest movement in either direction in over a year. The last time there was such a movement at the official market was 31st December 2021, when the rate depreciated 4.12% to close at N410.25.

On the other hand, Akelicious reports that the forex turnover at the official market increased by 90.2% on Thursday to $227.29 million.

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