Naira Depreciates Versus The Dollar To Start The New Week

The investor and exporter window saw a depreciation of the Naira versus the dollar, trading for N464 on Monday.

When compared to the N462.33 that it exchanged at the close of business on May 12, the rate indicated a decline of 0.36 percent.

On Monday, N463.50 to the dollar represented the open indicative rate's closing price.

Prior to it settling at N464, trade took place at a spot exchange rate of N467.

Instantaneous determination of the spot exchange rate.

Throughout the day's trade, the Naira fell as low as N460 to the dollar.

The official Investors' and Exporters' window had a total transaction volume of $55.10 million.