The Naira appreciated further at the official market on Tuesday, March 19, 2024 to close at N1,560.57/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) has shown.
This represents an appreciation of N36.77 when compared to the N1,597.34/$1 it closed on, on Monday, March 18, 2024.
The intraday high was N1,626/$1, while the intraday low was N1,415/$1, representing a wide spread of N211/$1.
Similarly, the Naira appreciated against the dollar at the parallel window to trade at N1,590/$1, this represents an appreciation of N10.00 as against the N1,600 /$1 it traded the previous day.
The national currency, however, slumped slightly against the British Pound to trade at N2,040/£1 as against the previous trading day’s price of N2,035/£1 representing a loss of N5 for the local currency.
The Canadian dollar, however, closed flat against the Naira to trade at N1,270| CA$1 same as the N1,270| CA$1 it traded the previous day representing a decline of N20 in the local currency.
The Naira gained N5 against the Euro to trade at N1,715/€1 as against the previous closing price of N1,720/€1.
