The Naira experienced a 0.93% loss against the dollar, ending the week at an exchange rate of N775.76 at the Investors and Exporters window.
This decline was in comparison to the rate of N768.60 recorded on Thursday. The open indicative rate stood at N776.74 to the dollar on the same day.
Throughout the trading session, the spot exchange rate fluctuated, with the highest recorded rate being N799.50 before settling at N775.76. Conversely, the Naira saw some low points, reaching N465 to the dollar during the day’s trading.
Overall, a total of 54.18 million dollars was traded at the investors and exporters window on Friday, highlighting the continued activity in the foreign exchange market.
The fluctuations in the Naira’s value against the dollar reflect the ongoing challenges in the currency’s stability and the broader economic landscape.
Investors and traders closely monitored these developments to make informed decisions amidst the volatility in the exchange rates.
