Connect with us
Gage

Currencies

CBN Devalues The Naira and Increases Lending Rate…Here Is What It Means

Published

on

The Central Bank Just concluded its Monetary Policy Meeting where it announced that was going to devalue the Naira from the current N155 to N168 representing a 7.7% devaluation and by far one of the most drastic decision ever taken by a fresh CBN Governor. Here is the full decision taking by the MPC and how they voted

How they voted

a) Nine members voted to increase the MPR to 13 per cent while
two members voted to retain the MPR at 12 per cent
b) Ten members voted for a symmetric corridor of +/- 200 basis
points around the MPR, while one member voted for an
asymmetric corridor of +200 and -500 basis points around the
MPR
c) All the 11 members voted to increase CRR on Private Sector
deposits from 15 to 20 per cent with immediate effect
d) All the 11 members voted to retain CRR on Public Sector
deposits at 75 per cent
e) All the 11 members voted to move the midpoint of the official
window of the foreign exchange market from N155/US$ to
N168/US$
f) All the 11 members voted to widen the band around the
midpoint of the exchange rate from +/-3 per cent to +/-5 per
cent.
g) All the 11 members voted to retain the net open foreign
exchange trading position at 1 per cent.

Decisions taken

1. Increase the MPR by 100 basis points from 12.00 to 13.00 per
cent
2. Increase the CRR on private sector deposits by 500 basis points
from 15.00 to 20.00 per cent with immediate effect
3. Move the midpoint of the official window of the foreign
exchange market from N155/US$ to N168/US$
4. Widen the band around the midpoint by 200 basis points from
+/-3 per cent to +/-5 per cent.
5. Retain public sector CRR at its current level of 75.00 per cent
6. Maintain a symmetric corridor of +/- 200 basis points around the
MPR
7. Retain the net open foreign exchange trading position at 1.00
per cent.

 

What does this mean in lay man terms

Specta

1. The Nigerian exchange rate has been officially devalued meaning the price at which we exchange naira for the dollar will now be above N170. The days of N160-167 appears to be over.

2. Despite this tightening, black market rate might continue to rise if the demand for the dollar increases. A dollar exchange rate of N190 to N200 is not impossible

3. The increase in private sector CRR essentially restricts the amount of private sector deposits banks can use for lending. This amount has now been reduced by a further 5%. This basically tightens the amount of cash in the economy and is a way for the CBN to reduce the flow of cash around the economy. They believe the less cash out there the higher their chances of controlling the exchange rate.

4. MPR increased to 13% from 12% means the CBN has increased their lending rate to banks which in effect could lead to a 1% increase in prime lending rate by commercial banks to the public. MPR has been 12% since 2011 and this is the first time it has been increased despite inflation being at 8.1%.

Coronation ads

 

 

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

1 Comment

1 Comment

  1. integral

    November 25, 2014 at 4:30 pm

    what is the effect of the devaluation and CRR hike on the Nigeria stock exchange?

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Currencies

Naira gains at NAFEX window as external reserves increase by $1 billion

The exchange rate appreciated on Monday as external reserves cross $36.3 billion

Published

on

Dollar, Exchange rate, FOREX, NAFEX market turnover drop by 59%, Naira crashes to N470/$1 as currency uncertainty worsens 

On January 18, 2021, the exchange rate between the naira and the dollar appreciated closing at N393.83/$1 at the NAFEX (I&E Window) where forex is traded officially.

This is as Nigeria’s external reserves added $1 billion in 15 days to rise to $36.3 billion.

Also, the exchange rate at the black market where forex traded unofficially maintained stability at N475/$1. The exchange rate at the parallel market closed at N475/$1 on the previous trading day of January 14, 2021.

This is as the Central Bank of Nigeria sustains its intervention across the foreign exchange markets to meet the needs of manufacturers and end-users who need dollars for their medical trips, school fees payments, travel allowances, and others.

The apex bank has also resumed its dollar sales to Bureau De Change operators.

Specta

The exchange rate disparity between the parallel market and the official market is about N81.17, representing a 16.9% devaluation differential.

The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N393.83/$1. This represents an 84 kobo gain when compared to the N394.67/$1 that it closed on the previous trading day.

  • The opening indicative rate was N394.07 to a dollar on Monday, representing a 95 kobo drop when compared to the N393.12 that was recorded on Friday, January 15, 2021.
  • The N415.76 to a dollar was the highest rate during intra-day trading before it closed at N393.83 to a dollar. It also sold for as low as N388/$1 during intra-day trading.
  • Forex turnover at the Investor and Exporters (I&E) window increased by 71.2% on Monday, January 18, 2021.
  • According to the data tracked by Nairametrics from FMDQ, forex turnover rose from $40.31 million on Friday, January 15, 2021, to $69 million on Monday, January 18, 2021.
  • The average daily forex sale for last week was about $169.93 million, which represents a huge increase from the $34.5 million that was recorded the previous week.
  • The exchange rate is still being affected by low oil prices, dollar scarcity, a backlog of forex demand, and a shaky economy that has been hit by the coronavirus pandemic.
  • There are fears that the exchange rate at the black market might be under pressure in the coming weeks as importers scramble for dollars to meet their demands.

Oil price steady rise

Brent crude oil price is currently at $54.88 per barrel on Monday, as it moves towards the $60 mark, a strong sign that global demand could sustain price increases in 2021.

  • Nigeria’s crude oil price benchmark for 2020 was $40 while it projected an oil production output of 1.8 million barrels per day.
  • Nigeria has a production capacity of 2.5 million barrels per day but is subject to OPEC’s crude oil production cuts, which are expected to help sustain higher oil prices.
  • The higher oil prices and steady production output have positively impacted Nigeria’s external reserves, rising sharply to $36.304 million according to central bank data dated January 14, 2020.
  • This is the highest level since July 2020 and a sign that higher oil prices and steady output levels may be contributing significantly to Nigeria’s foreign exchange position.

Nigeria rising external reserves

  • The external reserve has risen to $36.3 billion as of January 15, 2021, suggesting that the government may have taken receipt of the $1-1.5 billion World Bank Loan.
  • The external reserves have increased by  $1 billion since December 31, 2020, when it closed the year at $35.3 billion.
  • The unification of the exchange rate was previously cited as a major requirement for receiving the world bank facility.
  • Nigeria needs the external reserves to hit $40 billion if it is to adequately meet some of the pent up demand that has piled up since 2020 when oil prices crashed and the pandemic caused major economic lockdowns.

Coronation ads
Continue Reading

Currencies

Daily Parallel Market Exchange Rate – ₦470/$1

The US dollar closed at ₦470/US$1 in the parallel market

Published

on

Forex, NIGERIA: Daily Parallel Market, Exchange Rate

The exchange rate between the naira and the US dollar for today (Monday, January 18th 2021), closed at 470/US$1 in the parallel market. The rate had also closed at 470/US$1 on Friday, January 15th 2021.

  • Naira:470
  • Dollar: $1
  • Date: January 18th, 2021

The exchange rate between the naira and the British pound sterling closed at ₦630/₤1 on Monday, January 18th 2021. The rate had closed at ₦625/₤1 on Friday, January 15th 2021.

  • Naira: ₦630
  • Pounds Sterling: ₤1
  • Date: January 18th, 2021

Explore Economic Research Data From Nairametrics on Nairalytics

The exchange rate between the naira and the European euro closed at ₦575/€1 on Monday, January 18th 2021. The rate had closed at ₦570/€1 on Friday, January 18th 2021.

  • Naira: ₦575
  • Euro: €1
  • Date: January 18th, 2021

Activity: US Dollar closed at 470/US$1 in the parallel market

Specta

READ ALSO: The risk of buying Forex at black market rate of N460/$1 

DateCurrencyBuy(AM)Sell(AM)Buy(PM)Sell(PM)Volatility
1/18/2021Dollar465470465470Low
1/18/2021Pounds625630625630Low
1/18/2021Euro570575570575Low
1/15/2021Dollar465470465470Low
1/15/2021Pounds620625620625Low
1/15/2021Euro565570565570Low
1/14/2021Dollar465470465470Low
1/14/2021Pounds620625620625Low
1/14/2021Euro565570565570Low
1/13/2021Dollar465470465470Low
1/13/2021Pounds620625620625Low
1/13/2021Euro565570565570Low
1/12/2021Dollar460465460465Low
1/12/2021Pounds610615610615Low
1/12/2021Euro560565560565Low
1/11/2021Dollar460465460465Low
1/11/2021Pounds610615610615Low
1/11/2021Euro560565560565Low
1/8/2021Dollar460465460465Low
1/8/2021Pounds610615610615Low
1/8/2021Euro560565560565Low
1/7/2021Dollar460465460465Low
1/7/2021Pounds610615610615Low
1/7/2021Euro560565560565Low
1/6/2021Dollar460465460465Low
1/6/2021Pounds610615610615Low
1/6/2021Euro560565560565Low
1/5/2021Dollar460465460465Low
1/5/2021Pounds610615610615Low
1/5/2021Euro560565560565Low
1/4/2021Dollar460465460465Low
1/4/2021Pounds610615610615Low
1/4/2021Euro560565560565Low
1/1/2021Dollar455460455460Low
1/1/2021Pounds610615610615Low
1/1/2021Euro560565560565Low
12/31/2020Dollar455460455460Low
12/31/2020Pounds610615610615Low
12/31/2020Euro560565560565Low
12/30/2020Dollar455460455460Low
12/30/2020Pounds610615610615Low
12/30/2020Euro560565560565Low
12/29/2020Dollar455460455460Low
12/29/2020Pounds610615610615Low
12/29/2020Euro560565560565Low
12/28/2020Dollar455460455460Low
12/28/2020Pounds610615610615low
12/28/2020Euro560565560565Low
12/25/2020Dollar465470465470Low
12/25/2020Pounds610615610615Low
12/25/2020Euro560565560565Low
12/24/2020Dollar465470465470Low
12/24/2020Pounds610615610615Low
12/24/2020Euro560565560565Low
12/23/2020Dollar465470465470Low
12/23/2020Pounds610615610615Low
12/23/2020Euro560565560565Low
12/22/2020Dollar465470465470Low
12/22/2020Pounds610615610615Low
12/22/2020Euro560565560565Low
12/21/2020Dollar465470465470Low
12/21/2020Pounds610615610615Low
12/21/2020Euro560565560565Low
12/18/2020Dollar465470465470Low
12/18/2020Pounds610615610615Low
12/18/2020Euro560565560565Low
12/17/2020Dollar465470465470Low
12/17/2020Pounds610615610615Low
12/17/2020Euro560565560565Low
12/16/2020Dollar465470465470Low
12/16/2020Pounds610615610615Low
12/16/2020Euro560565560565Low
12/15/2020Dollar465470465470Low
12/15/2020Pounds610615610615Low
12/15/2020Euro560565560565Low
12/14/2020Dollar465470465470Low
12/14/2020Pounds610615610615Low
12/14/2020Euro560565560565Low
12/11/2020 0:00Dollar465470465470Low
12/11/2020 0:00Pounds610615610615Low
12/11/2020 0:00Euro560565560565Low
12/10/2020 0:00Dollar465470465470Low
12/10/2020 0:00Pounds610615610615Low
12/10/2020 0:00Euro560565560565Low
12/9/2020 0:00Dollar470475470475Low
12/9/2020 0:00Pounds605610605610Low
12/9/2020 0:00Euro555560555560Low
12/8/2020 0:00Dollar470475470475Low
12/8/2020 0:00Pounds605610605610Low
12/8/2020 0:00Euro555560555560Low
12/7/2020 0:00Dollar465470465470Low
12/7/2020 0:00Pounds615620615620Low
12/7/2020 0:00Euro555560555560Low
12/4/2020 0:00Dollar465470465470Low
12/4/2020 0:00Pounds615620615620Low
12/4/2020 0:00Euro555560555560Low
12/3/2020 0:00Dollar465470465470Low
12/3/2020 0:00Pounds615620615620Low
12/3/2020 0:00Euro555560555560Low
12/2/2020 0:00Dollar485495485495Low
12/2/2020 0:00Pounds630635630635Low
12/2/2020 0:00Euro570575570575Low
12/1/2020 0:00Dollar485495485495Low
12/1/2020 0:00Pounds630635630635Low
12/1/2020 0:00Euro570575570575Low
11/30/2020Dollar485495485495Low
11/30/2020Pounds630635630635Low
11/30/2020Euro565570565570Low
11/27/2020Dollar485490485490Low
11/27/2020Pounds615620615620Low
11/27/2020Euro565570565570Low
11/26/2020Dollar475480475480Low
11/26/2020Pounds600605600605Low
11/26/2020Euro555560555560Low
11/25/2020Dollar475480475480Low
11/25/2020Pounds600605600605Low
11/25/2020Euro555560555560Low
11/24/2020Dollar475480475480Low
11/24/2020Pounds600605600605Low
11/24/2020Euro555560555560Low
11/23/2020Dollar475480475480Low
11/23/2020Pounds600605600605Low
11/23/2020Euro555560555560Low
11/20/2020Dollar465470465470Low
11/20/2020Pounds600605600605Low
11/20/2020Euro555560555560Low
11/19/2020Dollar465470465470Low
11/19/2020Pounds600605600605Low
11/19/2020Euro555560555560Low
11/18/2020Dollar465470465470Low
11/18/2020Pounds600605600605Low
11/18/2020Euro555560555560Low
11/17/2020Dollar465470465470Low
11/17/2020Pounds600605600605Low
11/17/2020Euro555560555560Low
11/16/2020Dollar455460455460Low
11/16/2020Pounds585590585590Low
11/16/2020Euro535540535540Low
11/13/2020Dollar455460455460Low
11/13/2020Pounds585590585590Low
11/13/2020Euro535540535540Low
11/12/2020 0:00Dollar455460455460Low
11/12/2020 0:00Pounds585590585590Low
11/12/2020 0:00Euro535540535540Low
11/11/2020 0:00Dollar455460455460Low
11/11/2020 0:00Pounds585590585590Low
11/11/2020 0:00Euro535540535540Low
11/10/2020 0:00Dollar457462457462Low
11/10/2020 0:00Pounds583587583587Low
11/10/2020 0:00Euro535540535540Low
11/9/2020 0:00Dollar457462457462Low
11/9/2020 0:00Pounds585590585590Low
11/9/2020 0:00Euro535540535540Low
11/6/2020 0:00Dollar457462457462Low
11/6/2020 0:00Pounds585590585590Low
11/6/2020 0:00Euro535540535540Low
11/5/2020 0:00Dollar457462457462Low
11/5/2020 0:00Pounds585590585590Low
11/5/2020 0:00Euro535540535540Low
11/4/2020 0:00Dollar457462457462Low
11/4/2020 0:00Pounds585590585590Low
11/4/2020 0:00Euro535540535540Low
11/3/2020 0:00Dollar457462457462Low
11/3/2020 0:00Pounds585590585590Low
11/3/2020 0:00Euro535540535540Low
11/2/2020 0:00Dollar457460457460Low
11/2/2020 0:00Pounds585590585590Low
11/2/2020 0:00Euro530535530535Low
10/30/2020Dollar457460457460Low
10/30/2020Pounds585590585590Low
10/30/2020Euro530535530535Low
10/29/2020Dollar457460457460Low
10/29/2020Pounds585590585590Low
10/29/2020Euro530535530535Low
10/28/2020Dollar457460457460Low
10/28/2020Pounds585590585590Low
10/28/2020Euro530535530535Low
10/27/2020Dollar457461457461Low
10/27/2020Pounds585590585590Low
10/27/2020Euro535540535540Low
10/26/2020Dollar457461457461Low
10/26/2020Pounds585590585590Low
10/26/2020Euro535540535540Low
10/23/2020Dollar457461457461Low
10/23/2020Pounds585590585590Low
10/23/2020Euro535540535540Low
10/22/2020Dollar457461457461Low
10/22/2020Pounds585590585590Low
10/22/2020Euro535540535540Low
10/21/2020Dollar456460456460Low
10/21/2020Pounds582593582593Low
10/21/2020Euro535540535540Low
10/20/2020Dollar456460456460Low
10/20/2020Pounds582593582593Low
10/20/2020Euro535540535540Low
10/19/2020Dollar455460455460Low
10/19/2020Pounds583592583592Low
10/19/2020Euro530535530535Low
10/16/2020Dollar455460455460Low
10/16/2020Pounds583592583592Low
10/16/2020Euro530535530535Low
10/15/2020Dollar455460455460Low
10/15/2020Pounds583592583592Low
10/15/2020Euro530535530535Low
10/14/2020Dollar455460455460Low
10/14/2020Pounds585590585590Low
10/14/2020Euro530535530535Low
10/13/2020Dollar453458455460Low
10/13/2020Pounds585590585590Low
10/13/2020Euro530535530535Low
10/12/2020 0:00Dollar452458452458Low
10/12/2020 0:00Pounds580585580585Low
10/12/2020 0:00Euro530535530535Low
10/9/2020 0:00Dollar452457452457Low
10/9/2020 0:00Pounds585590585590Low
10/9/2020 0:00Euro535540535540Low
10/8/2020 0:00Dollar452457452457Low
10/8/2020 0:00Pounds585590585590Low
10/8/2020 0:00Euro535540535540Low
10/7/2020 0:00Dollar452457452457Low
10/7/2020 0:00Pounds585590585590Low
10/7/2020 0:00Euro535540535540Low
10/6/2020 0:00Dollar452457452457Low
10/6/2020 0:00Pounds580585580585Low
10/6/2020 0:00Euro535540535540Low
10/5/2020 0:00Dollar452455452455Low
10/5/2020 0:00Pounds570580570580Low
10/5/2020 0:00Euro540545540545Low
10/2/2020 0:00Dollar460465460465Low
10/2/2020 0:00Pounds575585575585Low
10/2/2020 0:00Euro530540530540Low
10/1/2020 0:00Dollar460465460465Low
10/1/2020 0:00Pounds575585575585Low
10/1/2020 0:00Euro530540530540Low
9/30/2020Dollar460465460465Low
9/30/2020Pounds570580570580Low
9/30/2020Euro530535530535Low
9/29/2020Dollar460465460465Low
9/29/2020Pounds565575570580Low
9/29/2020Euro530535530535Low
9/28/2020Dollar460465460465Low
9/28/2020Pounds565570565570Low
9/28/2020Euro530535530535Low
9/25/2020Dollar460465460465Low
9/25/2020Pounds565575565575Low
9/25/2020Euro535540535540Low
9/24/2020Dollar460465460465Low
9/24/2020Pounds565570565570Low
9/24/2020Euro535540535540Low
9/23/2020Dollar455460455460Low
9/23/2020Pounds580585580585Low
9/23/2020Euro535540535540Low
9/22/2020Dollar455460455460Low
9/22/2020Pounds575585575580Low
9/22/2020Euro530535530535Low
9/21/2020Dollar453455450455Low
9/21/2020Pounds565570565570Low
9/21/2020Euro525530525530Low
9/18/2020Dollar450460450460Low
9/18/2020Pounds575595575595Low
9/18/2020Euro535540535540Low
9/17/2020Dollar455460455460Low
9/17/2020Pounds570580570580Low
9/17/2020Euro530535530535Low
9/16/2020Dollar450460450460Low
9/16/2020Pounds565570565570Low
9/16/2020Euro525530525530Low
9/15/2020Dollar450460450460Low
9/15/2020Pounds565570565570Low
9/15/2020Euro525530525530Low
9/14/2020Dollar445455445455Low
9/14/2020Pounds560575560575Low
9/14/2020Euro515525515525Low
9/11/2020 0:00Dollar450455450455Low
9/11/2020 0:00Pounds555565555565Low
9/11/2020 0:00Euro525530525530Low
9/10/2020 0:00Dollar455460455460Low
9/10/2020 0:00Pounds545560545560Low
9/10/2020 0:00Euro525530525530Low
9/9/2020 0:00Dollar430440430440Low
9/9/2020 0:00Pounds540555540555Low
9/9/2020 0:00Euro500510500510Low
9/8/2020 0:00Dollar435440435440Low
9/8/2020 0:00Pounds540550540550Low
9/8/2020 0:00Euro505515505515Low
9/7/2020 0:00Dollar435440435440Low
9/7/2020 0:00Pounds525530525530Low
9/7/2020 0:00Euro505515505515Low
9/4/2020 0:00Dollar425440425440Low
9/4/2020 0:00Pounds560580560580Low
9/4/2020 0:00Euro505515505515Low
9/3/2020 0:00Dollar425440425440Low
9/3/2020 0:00Pounds560580560580Low
9/3/2020 0:00Euro520535505515High
9/2/2020 0:00Dollar425440425440Low
9/2/2020 0:00Pounds570580560580Low
9/2/2020 0:00Euro535540520535Low
9/1/2020 0:00Dollar462465435440High
9/1/2020 0:00Pounds565575570580Low
9/1/2020 0:00Euro535540535540Low
8/31/2020Dollar463470460465High
8/31/2020Pounds585595580590Low
8/31/2020Euro540545540545Low
8/28/2020Dollar472477472477Low
8/28/2020Pounds580595580595Low
8/28/2020Euro545552545552Low
8/27/2020Dollar472477472477Low
8/27/2020Pounds580590580590Low
8/27/2020Euro542552542552Low
8/26/2020Dollar472477472477Low
8/26/2020Pounds580590580590Low
8/26/2020Euro542552542552Low
8/25/2020Dollar472477472477Low
8/25/2020Pounds575585575585Low
8/25/2020Euro542552542552Low
8/24/2020Dollar473477473477Low
8/24/2020Pounds580590580590Low
8/24/2020Euro542550542550Low
8/21/2020Dollar474477474477Low
8/21/2020Pounds575585575585Low
8/21/2020Euro545550545550Low
8/20/2020Dollar475478473477Low
8/20/2020Pounds575585575585Low
8/20/2020Euro540550540550Low
8/19/2020Dollar475480475480Low
8/19/2020Pounds575585575585Low
8/19/2020Euro540550540550Low
8/18/2020Dollar477480477480Low
8/18/2020Pounds575580575580Low
8/18/2020Euro545550545550Low
8/17/2020Dollar470475470475Low
8/17/2020Pounds580590580590Low
8/17/2020Euro525535525535Low
8/14/2020Dollar470475470475Low
8/14/2020Pounds570580570580Low
8/14/2020Euro525535520535Low
8/13/2020Dollar470475470475Low
8/13/2020Pounds570575565575Low
8/13/2020Euro525530520530Low
8/12/2020 0:00Dollar470475470475Low
8/12/2020 0:00Pounds570575570575Low
8/12/2020 0:00Euro520530520530Low
8/11/2020 0:00Dollar477485477485Low
8/11/2020 0:00Pounds572584572584Low
8/11/2020 0:00Euro510523520535Low
8/10/2020 0:00Dollar477485477485Low
8/10/2020 0:00Pounds572584572584Low
8/10/2020 0:00Euro510523520535High
8/7/2020 0:00Dollar475486475486Low
8/7/2020 0:00Pounds578585578585Low
8/7/2020 0:00Euro536550536550Low
8/6/2020 0:00Dollar470480475486Low
8/6/2020 0:00Pounds575587578585Low
8/6/2020 0:00Euro534545536550Low
8/5/2020 0:00Dollar465475473483Low
8/5/2020 0:00Pounds570580575587Low
8/5/2020 0:00Euro525540532545Low
8/4/2020 0:00Dollar470480470480Low
8/4/2020 0:00Pounds560570560570Low
8/4/2020 0:00Euro520530520530Low
8/3/2020 0:00Dollar470480470480Low
8/3/2020 0:00Pounds560570560570Low
8/3/2020 0:00Euro520530520530Low
7/31/2020Dollar470480470485High
7/31/2020Pounds570582575585Low
7/31/2020Euro500520505520Low
7/30/2020Dollar470490470485High
7/30/2020Pounds550570550580High
7/30/2020Euro495520500525High
7/29/2020Dollar468475467475Low
7/29/2020Pounds575585580590Low
7/29/2020Euro530540530545Low
7/28/2020Dollar469475467475Low
7/28/2020Pounds575593580595Low
7/28/2020Euro550560540550Low
7/27/2020Dollar465473466473Low
7/27/2020Pounds570580575583Low
7/27/2020Euro510520515530Low
7/24/2020Dollar465472464472Low
7/24/2020Pounds570580572582Low
7/24/2020Euro510520505520Low
7/23/2020Dollar460472465472Low
7/23/2020Pounds565575565580Low
7/23/2020Euro510520505520Low
7/22/2020Dollar465472465472Low
7/22/2020Pounds565575560578Low
7/22/2020Euro510525510528Low
7/21/2020Dollar461472462472Low
7/21/2020Pounds560573560575Low
7/21/2020Euro498515500520Low
7/20/2020Dollar460473462473Low
7/20/2020Pounds550570555575Low
7/20/2020Euro495505500510Low
7/17/2020Dollar462470460470Low
7/17/2020Pounds560570558570Low
7/17/2020Euro490500490500Low
7/16/2020Dollar460470460470Low
7/16/2020Pounds558565560570Low
7/16/2020Euro485495485499Low
7/15/2020Dollar455465455470Low
7/15/2020Pounds560565558570Low
7/15/2020Euro485495488498Low
7/14/2020Dollar448462455470Low
7/14/2020Pounds540550557570Low
7/14/2020Euro485495489498Low
7/13/2020Dollar450460448462Low
7/13/2020Pounds540550540550Low
7/13/2020Euro485495485495Low
7/10/2020 0:00Dollar453460458465Low
7/10/2020 0:00Pounds520525550555High
7/10/2020 0:00Euro465467510520High
7/9/2020 0:00Dollar455461455463Low
7/9/2020 0:00Pounds550558550562Low
7/9/2020 0:00Euro495504498505Low
7/8/2020 0:00Dollar455461455461Low
7/8/2020 0:00Pounds550558550558Low
7/8/2020 0:00Euro495504495504Low
7/7/2020 0:00Dollar455461455461Low
7/7/2020 0:00Pounds550558550558Low
7/7/2020 0:00Euro495502495502Low
7/6/2020 0:00Dollar455462455461Low
7/6/2020 0:00Pounds550562547555Low
7/6/2020 0:00Euro495502496502Low
7/3/2020 0:00Dollar455462454461Low
7/3/2020 0:00Pounds548560550560Low
7/3/2020 0:00Euro495505495502Low
7/2/2020 0:00Dollar455462454461Low
7/2/2020 0:00Pounds548560550560Low
7/2/2020 0:00Euro495505495502Low
7/1/2020 0:00Dollar455462455462Low
7/1/2020 0:00Pounds548560548560Low
7/1/2020 0:00Euro495505495505Low
6/30/2020Dollar452460452460Low
6/30/2020Pounds547560547560Low
6/30/2020Euro495505495505Low
6/29/2020Dollar450460450460Low
6/29/2020Pounds547560547560Low
6/29/2020Euro495505495505Low
6/26/2020Dollar452457452460Low
6/26/2020Pounds547557547560Low
6/26/2020Euro490498490502Low
6/25/2020Dollar452457450455Low
6/25/2020Pounds547557547560Low
6/25/2020Euro490498490499Low
6/24/2020Dollar450460450455Low
6/24/2020Pounds545555545555Low
6/24/2020Euro490495488498Low
6/23/2020Dollar450460445455Low
6/23/2020Pounds545555545555Low
6/23/2020Euro490495490495Low
6/22/2020Dollar450455450455Low
6/22/2020Pounds545555545555Low
6/22/2020Euro488498488498Low
6/19/2020Dollar445455445455Low
6/19/2020Pounds540553540553Low
6/19/2020Euro480490480490Low
6/18/2020Dollar445452445452Low
6/18/2020Pounds537550537550Low
6/18/2020Euro475490475490Low
6/17/2020Dollar445452445452Low
6/17/2020Pounds540553537550Low
6/17/2020Euro475490475490Low
6/16/2020Dollar440450445452Low
6/16/2020Pounds540550540553Low
6/16/2020Euro475485475490Low
6/15/2020Dollar440450440450Low
6/15/2020Pounds540550540550Low
6/15/2020Euro475485475485Low
6/12/2020 0:00Dollar440450440450Low
6/12/2020 0:00Pounds538550538550Low
6/12/2020 0:00Euro470485470485Low
6/11/2020 0:00Pounds538550538550Low
6/11/2020 0:00Dollar440450440450Low
6/11/2020 0:00Euro470485470485Low
6/10/2020 0:00Pounds538550540553Low
6/10/2020 0:00Dollar440450445452Low
6/10/2020 0:00Euro470485475490Low
6/9/2020 0:00Pounds538550540550Low
6/9/2020 0:00Dollar440450440450Low
6/9/2020 0:00Euro470485475485Low
6/8/2020 0:00Pounds540550540550Low
6/8/2020 0:00Dollar440450440450Low
6/8/2020 0:00Euro475485475485Low
6/5/2020 0:00Pounds535545535545Low
6/5/2020 0:00Dollar440450440450Low
6/5/2020 0:00Euro460472460472Low
6/4/2020 0:00Pounds530543530543Low
6/4/2020 0:00Dollar440447440447Low
6/4/2020 0:00Euro460470460470Low
6/3/2020 0:00Pounds530540530540Low
6/3/2020 0:00Dollar440445440445Low
6/3/2020 0:00Euro460470460470Low
6/2/2020 0:00Pounds535545535545Low
6/2/2020 0:00Dollar440450440450Low
6/2/2020 0:00Euro460472460472Low
6/1/2020 0:00Pounds530543530543Low
6/1/2020 0:00Dollar440447440447Low
6/1/2020 0:00Euro460470460470Low
5/29/2020Pounds530540530540Low
5/29/2020Dollar440445440445Low
5/29/2020Euro460470460470Low
5/28/2020Pounds535545535545Low
5/28/2020Dollar440450440450Low
5/28/2020Euro460472460472Low
5/27/2020Pounds530543530543Low
5/27/2020Dollar440447440447Low
5/27/2020Euro460470460470Low
5/26/2020Pounds530540530540Low
5/26/2020Dollar440445440445Low
5/26/2020Euro460470460470Low
5/25/2020Pounds535545535545Low
5/25/2020Dollar440450440450Low
5/25/2020Euro460472460472Low
5/22/2020Pounds530543530543Low
5/22/2020Dollar440447440447Low
5/22/2020Euro460470460470Low
5/21/2020Pounds530545530545Low
5/21/2020Dollar450460450460Low
5/21/2020Euro460470460470Low
5/20/2020Pounds530550530550Low
5/20/2020Dollar445460445460Low
5/20/2020Euro450470450470Low
5/19/2020Pounds528540528540Low
5/19/2020Dollar445460445460Low
5/19/2020Euro450465450465Low
5/18/2020Pounds528540528540Low
5/18/2020Dollar445460445460Low
5/18/2020Euro450465450465Low
5/15/2020Pounds530540525535Low
5/15/2020Dollar435450440455Low
5/15/2020Euro450460450465Low
5/14/2020Pounds530540530540Low
5/14/2020Dollar435450435450Low
5/14/2020Euro450460450460Low
5/13/2020Pounds525535525535Low
5/13/2020Dollar430450430450Low
5/13/2020Euro440455440455Low
5/12/2020 0:00Pounds525535525535Low
5/12/2020 0:00Dollar435450435450Low
5/12/2020 0:00Euro445455445455Low
5/11/2020 0:00Pounds510530525535Low
5/11/2020 0:00Dollar430445435445Low
5/11/2020 0:00Euro440450445455Low
5/8/2020 0:00Pounds510530510530Low
5/8/2020 0:00Dollar425437430445Low
5/8/2020 0:00Euro425440440450Low
5/7/2020 0:00Pounds510530510530Low
5/7/2020 0:00Dollar425437425437Low
5/7/2020 0:00Euro425440425440Low
5/6/2020 0:00Pounds510520510520Low
5/6/2020 0:00Dollar425437425437Low
5/6/2020 0:00Euro430450430450Low
5/5/2020 0:00Pounds510525510525Low
5/5/2020 0:00Dollar410430420430Low
5/5/2020 0:00Euro425435425435Low
5/4/2020 0:00Pounds500510510525Low
5/4/2020 0:00Dollar435450410430Low
5/4/2020 0:00Euro430440425435Low
5/1/2020 0:00Pounds500510500510Low
5/1/2020 0:00Dollar435450435450Low
5/1/2020 0:00Euro430445430445Low
4/30/2020Pounds500510500510Low
4/30/2020Dollar435450435450Low
4/30/2020Euro430445430445Low
4/29/2020Pounds500520500520Low
4/29/2020Dollar440460440460Low
4/29/2020Euro450465450465Low
4/28/2020Pounds495510500520Low
4/28/2020Dollar430450440460Low
4/28/2020Euro435450435450Low
4/27/2020Pounds495510495510Low
4/27/2020Dollar430450430450Low
4/27/2020Euro435450435450Low
4/24/2020Pounds490500490500Low
4/24/2020Dollar428450428450Low
4/24/2020Euro430440430440Low
4/23/2020Pounds490500490500Low
4/23/2020Dollar420430420430Low
4/23/2020Euro425435425435Low
4/22/2020Pounds490500490500Low
4/22/2020Dollar420425420430Low
4/22/2020Euro425435425435Low
4/21/2020Pounds490500490500Low
4/21/2020Dollar420430420430Low
4/21/2020Euro425435425435Low
4/20/2020Pounds490500490500Low
4/20/2020Dollar420430420430Low
4/20/2020Euro425435425435Low
4/17/2020Pounds490500490500Low
4/17/2020Dollar420430420430Low
4/17/2020Euro425435425435Low
4/16/2020Pounds490500490500Low
4/16/2020Dollar420430420430Low
4/16/2020Euro425435425435Low
4/15/2020Pounds490500490500Low
4/15/2020Dollar420430420430Low
4/15/2020Euro425435425435Low
4/14/2020Pounds490500490500Low
4/14/2020Dollar420430420430Low
4/14/2020Euro425435425435Low
4/13/2020Pounds490500490500Low
4/13/2020Dollar420430420430Low
4/13/2020Euro425435425435Low
4/10/2020 0:00Pounds490505490505Low
4/10/2020 0:00Dollar420430420430Low
4/10/2020 0:00Euro425435425435Low
4/9/2020 0:00Pounds490505490505Low
4/9/2020 0:00Dollar420430420430Low
4/9/2020 0:00Euro425435425435Low
4/8/2020 0:00Pounds490500490500Low
4/8/2020 0:00Dollar420430420430Low
4/8/2020 0:00Euro425435425435Low
4/7/2020 0:00Pounds490500490500Low
4/7/2020 0:00Dollar420430420430Low
4/7/2020 0:00Euro425435425435Low
4/6/2020 0:00Pounds492497492497Low
4/6/2020 0:00Dollar402412402412Low
4/6/2020 0:00Euro410415410415Low
4/3/2020 0:00Pounds485490492497Low
4/3/2020 0:00Dollar400410402412Low
4/3/2020 0:00Euro410415410415Low
4/2/2020 0:00Pounds485490485490Low
4/2/2020 0:00Dollar400410400410Low
4/2/2020 0:00Euro410415410415Low
4/1/2020 0:00Pounds480485480485Low
4/1/2020 0:00Dollar395400395400Low
4/1/2020 0:00Euro407412407412Low
3/31/2020Pounds480485480485Low
3/31/2020Dollar395400395400Low
3/31/2020Euro407412407412Low
3/30/2020Pounds480485480485Low
3/30/2020Dollar390395395400Low
3/30/2020Euro407412407412Low
3/27/2020Pounds480485480485Low
3/27/2020Dollar385390390395Low
3/27/2020Euro405410407412Low
3/26/2020Pounds480485480485Low
3/26/2020Dollar385390385390Low
3/26/2020Euro405410405410Low
3/25/2020Pounds475480480485Low
3/25/2020Dollar380385385390Low
3/25/2020Euro400405405410Low
3/24/2020Pounds475480475480Low
3/24/2020Dollar380385380385Low
3/24/2020Euro400405400405Low
3/23/2020Pounds474478474478Low
3/23/2020Dollar380385380385Low
3/23/2020Euro400403400403Low
3/20/2020Pounds475480475480Low
3/20/2020Dollar370375365367Low
3/20/2020Euro395400395400Low
3/19/2020Pounds475480475480Low
3/19/2020Dollar370375370375Low
3/19/2020Euro395400395400Low
3/18/2020Pounds471475471475Low
3/18/2020Dollar370375370375Low
3/18/2020Euro390395390395Low
3/17/2020Pounds470475470475Low
3/17/2020Dollar375380375380Low
3/17/2020Euro400403400403Low
3/16/2020Pounds470475470475Low
3/16/2020Dollar370375370375Low
3/16/2020Euro400403400403Low
3/13/2020Pounds470475470475Low
3/13/2020Dollar372377372377Low
3/13/2020Euro400403400403Low
3/12/2020 0:00Pounds475485490495High
3/12/2020 0:00Dollar365380375404High
3/12/2020 0:00Euro405412410420Low
3/11/2020 0:00Pounds470475475485Low
3/11/2020 0:00Dollar360366365375Low
3/11/2020 0:00Euro387403405412Low
3/10/2020 0:00Pounds468472470475Low
3/10/2020 0:00Dollar358360360362Low
3/10/2020 0:00Euro390398387403Low
3/9/2020 0:00Pounds468472468472Low
3/9/2020 0:00Dollar358360358360Low
3/9/2020 0:00Euro392398392398Low
3/6/2020 0:00Pounds468472468472Low
3/6/2020 0:00Dollar358360358360Low
3/6/2020 0:00Euro390398390398Low
3/5/2020 0:00Pounds468472468472Low
3/5/2020 0:00Dollar358360358360Low
3/5/2020 0:00Euro390397390397Low
3/4/2020 0:00Pounds468473468473Low
3/4/2020 0:00Dollar358360358360Low
3/4/2020 0:00Euro387392387392Low
3/3/2020 0:00Pounds468472468472Low
3/3/2020 0:00Dollar358360358360Low
3/3/2020 0:00Euro387392387392Low
3/2/2020 0:00Pounds468472468472Low
3/2/2020 0:00Dollar358360358360Low
3/2/2020 0:00Euro387392387392Low
2/28/2020Pounds468472468472Low
2/28/2020Dollar358360358360Low
2/28/2020Euro387392387392Low
2/27/2020Pounds467471468472Low
2/27/2020Dollar358360358360Low
2/27/2020Euro386390387392Low
2/26/2020Pounds468472467471Low
2/26/2020Dollar358360358360Low
2/26/2020Euro386390386390Low
2/25/2020Pounds467472468472Low
2/25/2020Dollar358360358360Low
2/25/2020Euro388392386390Low
2/24/2020Pounds467472467472Low
2/24/2020Dollar358360358360Low
2/24/2020Euro388392388393Low
2/21/2020Pounds467473468473Low
2/21/2020Dollar358360358360Low
2/21/2020Euro388392388392Low
2/20/2020Pounds467473467473Low
2/20/2020Dollar358360358360Low
2/20/2020Euro388392388392Low
2/19/2020Pounds467473467473Low
2/19/2020Dollar358360358360Low
2/19/2020Euro390394390394Low
2/18/2020Pounds467473467473Low
2/18/2020Dollar358360358360Low
2/18/2020Euro390394390394Low
2/17/2020Pounds469473467474Low
2/17/2020Dollar358360358360Low
2/17/2020Euro390394390394Low
2/14/2020Pounds469473469473Low
2/14/2020Dollar358360358360Low
2/14/2020Euro390394390394Low
2/13/2020Pounds470475470475Low
2/13/2020Dollar358360358360Low
2/13/2020Euro390396390396Low
2/12/2020 0:00Pounds470475470475Low
2/12/2020 0:00Dollar358360358360Low
2/12/2020 0:00Euro390396390396Low
2/11/2020 0:00Pounds470475470475Low
2/11/2020 0:00Dollar358360358360Low
2/11/2020 0:00Euro390396390396Low
2/10/2020 0:00Pounds470475470475Low
2/10/2020 0:00Dollar358360358360Low
2/10/2020 0:00Euro390396390396Low
2/7/2020 0:00Pounds471475471475Low
2/7/2020 0:00Dollar358360358360Low
2/7/2020 0:00Euro390396392396Low
2/6/2020 0:00Pounds473476473476Low
2/6/2020 0:00Dollar358360358360Low
2/6/2020 0:00Euro392397392397Low
2/5/2020 0:00Pounds473476473476Low
2/5/2020 0:00Dollar358360358360Low
2/5/2020 0:00Euro393397393397Low
2/4/2020 0:00Pounds473476473476Low
2/4/2020 0:00Dollar358360358360Low
2/4/2020 0:00Euro393397393397Low
2/3/2020 0:00Pounds473476473476Low
2/3/2020 0:00Dollar358360358360Low
2/3/2020 0:00Euro393397393397Low
1/31/2020Pounds473476473476Low
1/31/2020Dollar358360358360Low
1/31/2020Euro393397393397Low
1/30/2020Pounds472478472476Low
1/30/2020Dollar358361358360Low
1/30/2020Euro394398394398Low
1/29/2020Pounds472476472476Low
1/29/2020Dollar358360358360Low
1/29/2020Euro394398394398Low
1/28/2020Pounds472476472476Low
1/28/2020Dollar358360358360Low
1/28/2020Euro394398394398Low
1/27/2020Pounds473476473476Low
1/27/2020Dollar358360358360Low
1/27/2020Euro394398394398Low
1/24/2020Pounds474478474478Low
1/24/2020Dollar358362358362Low
1/24/2020Euro395400395400Low
1/23/2020Pounds474478474478Low
1/23/2020Dollar358362358362Low
1/23/2020Euro395400395400Low
1/22/2020Pounds474478474478Low
1/22/2020Dollar359362359362Low
1/22/2020Euro394398394398Low
1/21/2020Pounds473477475479Low
1/21/2020Dollar360362359362Low
1/21/2020Euro395400395400Low
1/20/2020Pounds473477473477Low
1/20/2020Dollar360362360362Low
1/20/2020Euro395400395400Low
1/17/2020Pounds473477473477Low
1/17/2020Dollar360362360362Low
1/17/2020Euro395400395400Low
1/16/2020Pounds457480474477Low
1/16/2020Dollar360362360362Low
1/16/2020Euro397403395400Low
1/15/2020Pounds475480475480Low
1/15/2020Dollar360362360362Low
1/15/2020Euro397402397402Low
1/14/2020Pounds470475474480Low
1/14/2020Dollar359362360362Low
1/14/2020Euro397402397400Low
1/13/2020Pounds470477470475Low
1/13/2020Dollar359362359362Low
1/13/2020Euro397403397402Low
1/10/2020 0:00Pounds470475470475Low
1/10/2020 0:00Dollar359362359362Low
1/10/2020 0:00Euro397402397402Low
1/9/2020 0:00Pounds470475470475Low
1/9/2020 0:00Dollar359362359362Low
1/9/2020 0:00Euro397403397403Low
1/8/2020 0:00Pounds470475470475Low
1/8/2020 0:00Dollar359362359362Low
1/8/2020 0:00Euro397403397403Low
1/7/2020 0:00Pounds470477470477Low
1/7/2020 0:00Dollar359362359362Low
1/7/2020 0:00Euro397403397403Low
1/6/2020 0:00Pounds468473470477Low
1/6/2020 0:00Dollar359362359362Low
1/6/2020 0:00Euro392400397403Low
1/3/2020 0:00Pounds468473468473Low
1/3/2020 0:00Dollar359362359362Low
1/3/2020 0:00Euro390400390400Low
1/2/2020 0:00Pounds467473467473Low
1/2/2020 0:00Dollar359362359362Low
1/2/2020 0:00Euro392400392400Low
12/24/2019Pounds468474468474Low
12/24/2019Dollar358361358361Low
12/24/2019Euro390395390395Low
12/23/2019Pounds474478474478Low
12/23/2019Dollar359362359362Low
12/23/2019Euro395400395400Low
12/20/2019Pounds474480474480Low
12/20/2019Dollar359363359363Low
12/20/2019Euro395401395401Low
12/19/2019Pounds472480472480Low
12/19/2019Dollar359363359363Low
12/19/2019Euro395401395401Low
12/18/2019Pounds472480472480Low
12/18/2019Dollar360363359363Low
12/18/2019Euro395400395400Low
12/17/2019Pounds470477472477Low
12/17/2019Dollar360363360363Low
12/17/2019Euro394398394398Low
12/16/2019Pounds470475470477Low
12/16/2019Dollar359363360363Low
12/16/2019Euro394398394398Low
12/13/2019Pounds470480470476Low
12/13/2019Dollar359362359363Low
12/13/2019Euro394398394398Low
12/12/2019 0:00Pounds464472464472Low
12/12/2019 0:00Dollar358360359361Low
12/12/2019 0:00Euro392397392397Low
12/11/2019 0:00Pounds463470464472Low
12/11/2019 0:00Dollar358360358360Low
12/11/2019 0:00Euro393397392397Low
12/10/2019 0:00Pounds462468463470Low
12/10/2019 0:00Dollar358360358360Low
12/10/2019 0:00Euro392397393397Low
12/9/2019 0:00Pounds462468462468Low
12/9/2019 0:00Dollar358360358360Low
12/9/2019 0:00Euro392397392397Low
12/6/2019 0:00Pounds462467463468Low
12/6/2019 0:00Dollar358360358360Low
12/6/2019 0:00Euro390396390396Low
12/5/2019 0:00Pounds462467462467Low
12/5/2019 0:00Dollar358360358360Low
12/5/2019 0:00Euro390396390396Low
12/4/2019 0:00Pounds460466460466Low
12/4/2019 0:00Dollar358360358360Low
12/4/2019 0:00Euro390396390396Low
12/3/2019 0:00Pounds460465460465Low
12/3/2019 0:00Dollar358360358360Low
12/3/2019 0:00Euro390396390396Low
12/2/2019 0:00Pounds460466460465Low
12/2/2019 0:00Dollar358360358360Low
12/2/2019 0:00Euro390395390395Low
11/29/2019Pounds462466462466Low
11/29/2019Dollar358360358360Low
11/29/2019Euro390395392397Low
11/28/2019Pounds462467462466Low
11/28/2019Dollar358360358360Low
11/28/2019Euro390395390395Low
11/27/2019Pounds460465462467Low
11/27/2019Dollar358360358360Low
11/27/2019Euro391396390395Low
11/26/2019Pounds462466462466Low
11/26/2019Dollar358360358360Low
11/26/2019Euro390395390395Low
11/25/2019Pounds460465462466Low
11/25/2019Dollar358360358360Low
11/25/2019Euro390398390395Low
11/22/2019Pounds460464460465Low
11/22/2019Dollar357360358360Low
11/22/2019Euro390398390398Low
11/21/2019Pounds460464460464Low
11/21/2019Dollar357360357360Low
11/21/2019Euro390397390397Low
11/20/2019Pounds460464460464Low
11/20/2019Dollar358360358360Low
11/20/2019Euro390398390397Low
11/19/2019Pounds460465460464Low
11/19/2019Dollar358360358360Low
11/19/2019Euro392398390398Low
11/18/2019Pounds458464460465Low
11/18/2019Dollar358360358360Low
11/18/2019Euro390398392398Low
11/15/2019Pounds458464458464Low
11/15/2019Dollar358360358360Low
11/15/2019Euro392398393398Low
11/14/2019Pounds458464458464Low
11/14/2019Dollar358360358360Low
11/14/2019Euro390398392398Low
11/13/2019Pounds460465458464Low
11/13/2019Dollar358360358360Low
11/13/2019Euro392398392398Low
11/12/2019 0:00Pounds460465460465Low
11/12/2019 0:00Dollar358360358360Low
11/12/2019 0:00Euro394399394399Low
11/8/2019 0:00Pounds458463460465Low
11/8/2019 0:00Dollar358360358360Low
11/8/2019 0:00Euro393398394400Low
11/6/2019 0:00Pounds458463458464Low
11/6/2019 0:00Dollar357360357360Low
11/6/2019 0:00Euro393400393400Low
11/5/2019 0:00Pounds458463458463Low
11/5/2019 0:00Dollar357360357360Low
11/5/2019 0:00Euro393400393400Low
11/4/2019 0:00Pounds458463458463Low
11/4/2019 0:00Dollar357360357360Low
11/4/2019 0:00Euro392400393400Low
11/1/2019 0:00Pounds458463458463Low
11/1/2019 0:00Dollar358360358360Low
11/1/2019 0:00Euro393400394400Low
10/31/2019Pounds460464458463Low
10/31/2019Dollar358360358360Low
10/31/2019Euro395400393400Low
10/30/2019Pounds457463457463Low
10/30/2019Dollar358360358360Low
10/30/2019Euro395400395400Low
10/29/2019Pounds457463457463Low
10/29/2019Dollar358360358360Low
10/29/2019Euro395400395400Low
10/28/2019Pounds457462457463Low
10/28/2019Dollar358360358360Low
10/28/2019Euro396402395400Low
10/25/2019Pounds457463457462Low
10/25/2019Dollar358360358360Low
10/25/2019Euro396403396402Low
10/24/2019Pounds457462457463Low
10/24/2019Dollar358360358360Low
10/24/2019Euro396403396403Low
10/23/2019Pounds457463457462Low
10/23/2019Dollar358360358360Low
10/23/2019Euro397403396403Low
10/22/2019Pounds455460457463Low
10/22/2019Dollar358360358360Low
10/22/2019Euro395402397403Low
10/21/2019Pounds450455450455Low
10/21/2019Dollar358360358360Low
10/21/2019Euro387395390397Low
10/18/2019Pounds446453446453Low
10/18/2019Dollar358360358360Low
10/18/2019Euro387393387393Low
10/17/2019Pounds445450446452Low
10/17/2019Dollar358360358360Low
10/17/2019Euro387392387393Low
10/16/2019Pounds445452445450Low
10/16/2019Dollar358360358360Low
10/16/2019Euro387395387392Low
10/15/2019Pounds445450445452Low
10/15/2019Dollar357360358360Low
10/15/2019Euro385390385390Low
10/14/2019Pounds445450445450Low
10/14/2019Dollar358360357360Low
10/14/2019Euro384390385390Low
10/11/2019 0:00Pounds445450445450Low
10/11/2019 0:00Dollar358360358360Low
10/11/2019 0:00Euro384390384390Low
10/10/2019 0:00Pounds445450445450Low
10/10/2019 0:00Dollar357360357360Low
10/10/2019 0:00Euro386390384390Low
10/9/2019 0:00Pounds445453445450Low
10/9/2019 0:00Dollar357360357360Low
10/9/2019 0:00Euro390395386390Low
10/8/2019 0:00Pounds448453445453Low
10/8/2019 0:00Dollar357360357360Low
10/8/2019 0:00Euro390395390395Low
10/7/2019 0:00Pounds448453448453Low
10/7/2019 0:00Dollar358360358360Low
10/7/2019 0:00Euro392396390395Low
10/4/2019 0:00Pounds450454448453Low
10/4/2019 0:00Dollar358360358360Low
10/4/2019 0:00Euro392397392396Low
10/3/2019 0:00Pounds450454450454Low
10/3/2019 0:00Dollar358360358360Low
10/3/2019 0:00Euro392397392397Low
10/2/2019 0:00Pounds450453450453Low
10/2/2019 0:00Dollar358360358360Low
10/2/2019 0:00Euro392397392397Low
9/30/2019Pounds445450450453Low
9/30/2019Dollar358360358360Low
9/30/2019Euro392397392397Low
9/27/2019Pounds446452445450Low
9/27/2019Dollar357360358360Low
9/27/2019Euro392396392397Low
9/26/2019Pounds445450445450Low
9/26/2019Dollar357360357360Low
9/26/2019Euro390395392396Low
9/25/2019Pounds444449445450Low
9/25/2019Dollar357360357360Low
9/25/2019Euro390394390395Low
9/24/2019Pounds445448445449Low
9/24/2019Dollar357360357360Low
9/24/2019Euro390395390395Low
9/23/2019Pounds445450445450Low
9/23/2019Dollar357360357360Low
9/23/2019Euro392395392396Low
9/20/2019Pounds443446445450Low
9/20/2019Dollar357360357360Low
9/20/2019Euro392395392395Low
9/19/2019Pounds442446443446Low
9/19/2019Dollar357360357360Low
9/19/2019Euro390395391394Low
9/18/2019Pounds442447440446Low
9/18/2019Dollar357360357360Low
9/18/2019Euro390395390395Low
9/17/2019Pounds445448444447Low
9/17/2019Dollar358360358360Low
9/17/2019Euro394398393397Low
9/16/2019Pounds445450445450Low
9/16/2019Dollar357360357360Low
9/16/2019Euro394400394400Low
9/13/2019Pounds445450445450Low
9/13/2019Dollar357360357360Low
9/13/2019Euro394398394398Low
9/12/2019 0:00Pounds440445445450Low
9/12/2019 0:00Dollar357360357360Low
9/12/2019 0:00Euro393398394398Low
9/11/2019 0:00Pounds440446440446Low
9/11/2019 0:00Dollar358360358360Low
9/11/2019 0:00Euro392395392398Low
9/10/2019 0:00Pounds437450440446Low
9/10/2019 0:00Dollar356360358360Low
9/10/2019 0:00Euro388397392395Low
9/9/2019 0:00Pounds440444440445Low
9/9/2019 0:00Dollar358360358360Low
9/9/2019 0:00Euro390396390395Low
9/6/2019 0:00Pounds440444440444Low
9/6/2019 0:00Dollar358360358360Low
9/6/2019 0:00Euro392398390396Low
9/5/2019 0:00Pounds440444440444Low
9/5/2019 0:00Dollar357360358360Low
9/5/2019 0:00Euro392398392397Low
9/4/2019 0:00Pounds440443440444Low
9/4/2019 0:00Dollar357360358360Low
9/4/2019 0:00Euro392398392397Low
9/3/2019 0:00Pounds438443438443Low
9/3/2019 0:00Dollar357360357360Low
9/3/2019 0:00Euro392397392398Low
9/2/2019 0:00Pounds437445438443Low
9/2/2019 0:00Dollar357360357360Low
9/2/2019 0:00Euro391396392397Low
30/08/2019 00:00Pounds442448440445Low
30/08/2019 00:00Dollar358360358360Low
30/08/2019 00:00Euro392398395398Low
29/08/2019 00:00Pounds440446442448Low
29/08/2019 00:00Dollar358360358360Low
29/08/2019 00:00Euro392398392398Low
28/08/2019 00:00Pounds444450440445Low
28/08/2019 00:00Dollar358360358360Low
28/08/2019 00:00Euro392396392398Low
27/08/2019 00:00Pounds444450444450Low
27/08/2019 00:00Dollar358360358360Low
27/08/2019 00:00Euro394400393398Low
26/08/2019 00:00Pounds442447443448Low
26/08/2019 00:00Dollar358360358360Low
26/08/2019 00:00Euro392397393397Low
23/08/2019 00:00Pounds440445440445Low
23/08/2019 00:00Dollar358360358360Low
23/08/2019 00:00Euro390397390397Low
22/08/2019 00:00Pounds445450440445Low
22/08/2019 00:00Dollar357359358360Low
22/08/2019 00:00Euro393398390397Low
21/08/2019 00:00Pounds447452445450Low
21/08/2019 00:00Dollar358360357359Low
21/08/2019 00:00Euro392398393398Low
20/08/2019 00:00Pounds450455447452Low
20/08/2019 00:00Dollar358360358360Low
20/08/2019 00:00Euro395400392398Low
19/08/2019 00:00Pounds450455450455Low
19/08/2019 00:00Dollar358360358360Low
19/08/2019 00:00Euro395400395400Low
16/08/2019 00:00Pounds451455450455Low
16/08/2019 00:00Dollar357360358360Low
16/08/2019 00:00Euro397402395400Low
15/08/2019 00:00Pounds450455451455Low
15/08/2019 00:00Dollar357360357360Low
15/08/2019 00:00Euro398403397402Low
14/08/2019 00:00Pounds450455450455Low
14/08/2019 00:00Dollar357360357360Low
14/08/2019 00:00Euro398403398403Low
9/8/2019 0:00Pounds450455450455Low
9/8/2019 0:00Dollar357360357360Low
9/8/2019 0:00Euro398404398403Low
8/8/2019 0:00Pounds450455450455Low
8/8/2019 0:00Dollar357360357360Low
8/8/2019 0:00Euro398403398404Low
7/8/2019 0:00Pounds453458450455Low
7/8/2019 0:00Dollar357360357360Low
7/8/2019 0:00Euro398403398403Low
6/8/2019 0:00Pounds457460452458Low
6/8/2019 0:00Dollar358360357360Low
6/8/2019 0:00Euro400404400403Low
5/8/2019 0:00Pounds458462457461Low
5/8/2019 0:00Dollar358360358360Low
5/8/2019 0:00Euro400405400405Low
2/8/2019 0:00Pounds458462458462Low
2/8/2019 0:00Dollar358360358360Low
2/8/2019 0:00Euro400405400405Low
1/8/2019 0:00Pounds458462458462Low
1/8/2019 0:00Dollar358360358360Low
1/8/2019 0:00Euro402405402405Low
31/07/2019 00:00Pounds458463458463Low
31/07/2019 00:00Dollar358360358360Low
31/07/2019 00:00Euro403407403407Low
30/07/2019 00:00Pounds458463458463Low
30/07/2019 00:00Dollar358360358360Low
30/07/2019 00:00Euro403407403407Low
29/07/2019 00:00Pounds458461458463Low
29/07/2019 00:00Dollar358360358360Low
29/07/2019 00:00Euro402406403407Low
26/07/2019 00:00Pounds459463458461Low
26/07/2019 00:00Dollar358361358360Low
26/07/2019 00:00Euro403406401405Low
25/07/2019 00:00Pounds459463459463Low
25/07/2019 00:00Dollar358361358361Low
25/07/2019 00:00Euro403407403406Low
24/07/2019 00:00Pounds459463459463Low
24/07/2019 00:00Dollar358361358361Low
24/07/2019 00:00Euro404407403407Low
23/07/2019 00:00Pounds460464459463Low
23/07/2019 00:00Dollar359361358361Low
23/07/2019 00:00Euro406410404407Low
22/07/2019 00:00Pounds459463459463Low
22/07/2019 00:00Dollar358360359361Low
22/07/2019 00:00Euro406410406410Low
19/07/2019 00:00Pounds459463459463Low
19/07/2019 00:00Pounds358360358360Low
19/07/2019 00:00Pounds406410406410Low
18/07/2019 00:00Pounds458462459463Low
18/07/2019 00:00Dollar358360358360Low
18/07/2019 00:00Euro403407406410Low
17/07/2019 00:00Pounds458462458462Low
17/07/2019 00:00Dollar358360358360Low
17/07/2019 00:00Euro403407403407Low
16/07/2019 00:00Pounds460463458462Low
16/07/2019 00:00Dollar359361358360Low
16/07/2019 00:00Euro405408403407Low
13/07/2019 00:00Pounds460464460463Low
13/07/2019 00:00Dollar359361359361Low
13/07/2019 00:00Euro405410405408Low
12/7/2019 0:00Pounds458463460464Low
12/7/2019 0:00Dollar359361359361Low
12/7/2019 0:00Euro404407405410Low
11/7/2019 0:00Pounds458463458462Low
11/7/2019 0:00Dollar359362359361Low
11/7/2019 0:00Euro402407405410Low
10/7/2019 0:00Pounds458463458463Low
10/7/2019 0:00Dollar359361358361Low
10/7/2019 0:00Euro401406402405Low
9/7/2019 0:00Pounds458465457465Low
9/7/2019 0:00Dollar359362359362Low
9/7/2019 0:00Euro401405402405Low
8/7/2019 0:00Pounds458463460465Low
8/7/2019 0:00Dollar359362359362Low
8/7/2019 0:00Euro401405401405Low
5/7/2019 0:00Pounds458463458463Low
5/7/2019 0:00Dollar359362359362Low
5/7/2019 0:00Euro401405401405Low
4/7/2019 0:00Pounds458463458463Low
4/7/2019 0:00Dollar359362359362Low
4/7/2019 0:00Euro401405400405Low
3/7/2019 0:00Pounds458464458463Low
3/7/2019 0:00Dollar359361359362Low
3/7/2019 0:00Euro401405401405Low
2/7/2019 0:00Pounds458462458463Low
2/7/2019 0:00Dollar359361359361Low
2/7/2019 0:00Euro398402400404Low
1/7/2019 0:00Pounds458462458462Low
1/7/2019 0:00Dollar358360359361Low
1/7/2019 0:00Euro400403398403Low
28/06/2019 00:00Pounds457460457462Low
28/06/2019 00:00Dollar358360358360Low
28/06/2019 00:00Euro398402400403Low
27/06/2019 00:00Pounds458462458462Low
27/06/2019 00:00Dollar358360358360Low
27/06/2019 00:00Euro398402398402Low
26/06/2019 00:00Pounds458463458462Low
26/06/2019 00:00Dollar358360358360Low
26/06/2019 00:00Euro398402400403Low
25/06/2019 00:00Pounds458464458464Low
25/06/2019 00:00Dollar358361358361Low
25/06/2019 00:00Euro400403398402Low
24/06/2019 00:00Pounds458464460465Low
24/06/2019 00:00Dollar358361359361Low
24/06/2019 00:00Euro398402398403Low
21/06/2019 00:00Pounds460465458464Low
21/06/2019 00:00Dollar358361358361Low
21/06/2019 00:00Euro398402398402Low
20/06/2019 00:00Pounds460465468462Low
20/06/2019 00:00Dollar358361358361Low
20/06/2019 00:00Euro398402400403Low
19/06/2019 00:00Pounds460465460465Low
19/06/2019 00:00Dollar358361358361Low
19/06/2019 00:00Euro398401398402Low
18/06/2019 00:00Pounds460465462465Low
18/06/2019 00:00Dollar359361358361Low
18/06/2019 00:00Euro400403400405Low
17/06/2019 00:00Pounds462467462468Low
17/06/2019 00:00Dollar358361358361Low
17/06/2019 00:00Euro400404400404Low
14/06/2019 00:00Pounds426467426467Low
14/06/2019 00:00Dollar358361358361Low
14/06/2019 00:00Euro400404400404Low
13/06/2019 00:00Pounds467471462467Low
13/06/2019 00:00Dollar358361358361Low
13/06/2019 00:00Euro400404400404Low
12/6/2019 0:00Pounds468471467471Low
12/6/2019 0:00Dollar358361358361Low
12/6/2019 0:00Euro400404400404Low
11/6/2019 0:00Pounds465470467471Low
11/6/2019 0:00Dollar358361359361Low
11/6/2019 0:00Euro400403399402Low
10/6/2019 0:00Pounds468472468472Low
10/6/2019 0:00Dollar358361358361Low
10/6/2019 0:00Euro404400400404Low
7/6/2019 0:00Pounds469473467471Low
7/6/2019 0:00Dollar358361358360Low
7/6/2019 0:00Euro400403398402Low
6/6/2019 0:00Pounds468472465470Low
6/6/2019 0:00Dollar358360358361Low
6/6/2019 0:00Euro398402403400Low
3/6/2019 0:00Pounds468472468472Low
3/6/2019 0:00Dollar358360358361Low
3/6/2019 0:00Euro398402398402Low
31/05/2019 00:00Pounds465470470474Low
31/05/2019 00:00Dollar358360358360Low
31/05/2019 00:00Euro397402400403Low
30/05/2019 00:00Pounds470474470474Low
30/05/2019 00:00Dollar358360358360Low
30/05/2019 00:00Euro400403400403Low
28/05/2019 00:00Pounds470474470474Low
28/05/2019 00:00Dollar358360358360Low
28/05/2019 00:00Euro400403400403Low
27/05/2019 00:00Pounds470474470474Low
27/05/2019 00:00Dollar358360358360Low
27/05/2019 00:00Euro400403400404Low
24/05/2019 00:00Pounds470474470474Low
24/05/2019 00:00Dollar358360358360Low
24/05/2019 00:00Euro400405400405Low
23/05/2019 00:00Pounds470474472475Low
23/05/2019 00:00Dollar358360358360Low
23/05/2019 00:00Euro400405400405Low
22/05/2019 00:00Pounds472475472475Low
22/05/2019 00:00Dollar358350358360Low
22/05/2019 00:00Euro400405400405Low
21/05/2019 00:00Pounds472475472473Low
21/05/2019 00:00Dollar358360358360Low
21/05/2019 00:00Euro400405400405Low
20/05/2019 00:00Pounds472475472475Low
20/05/2019 00:00Dollar358360358360Low
20/05/2019 00:00Euro400405400405Low
17/05/2019 00:00Pounds472475472475Low
17/05/2019 00:00Dollar358360358360Low
17/05/2019 00:00Euro400405400404Low
16/05/2019 00:00Pounds472475472475Low
16/05/2019 00:00Dollar358360358360Low
16/05/2018 00:00Euro400404400404Low
15/05/2019 00:00Pounds470475470475Low
15/05/2019 00:00Dollar358360358360Low
15/05/2019 00:00Euro400404400404Low
13/05/2019 00:00Pounds470475470475Low
13/05/2019 00:00Dollar358360358360Low
13/05/2019 00:00Euro400404400405Low
10/5/2019 0:00Pounds470475470475Low
10/5/2019 0:00Dollar358360358360Low
10/5/2019 0:00Euro400405400405Low
9/5/2019 0:00Pounds470475470475Low
9/5/2019 0:00Dollar358360358360Low
9/5/2019 0:00Euro400405400405Low
29/04/2019 00:00Pounds470475470475Low
29/04/2019 00:00Dollar358360358360Low
29/04/2019 00:00Euro400405400405Low
26/04/2019 00:00Pounds470475470475Low
26/04/2019 00:00Dollar358360358360Low
26/04/2019 00:00Euro400405400405Low
25/04/2019 00:00Pounds470475470475Low
25/04/2019 00:00Dollar358360358360Low
25/04/2019 00:00Euro400405400405Low
24/04/2019 00:00Pounds470475472476Low
24/04/2019 00:00Dollar358360358360Low
24/04/2019 00:00Euro400405400405Low
23/04/2019 00:00Pounds474478472476Low
23/04/2019 00:00Dollar355360358360Low
23/04/2019 00:00Euro390402400405Low
22/04/2019 00:00Pounds472476472476Low
22/04/2019 00:00Dollar357360358360Low
22/04/2019 00:00Euro400405400405Low
19/04/2019 00:00Pounds467471470475Low
19/04/2019 00:00Dollar355360357360Low
19/04/2019 00:00Euro395400402406Low
18/04/2019 00:00Pounds470475470475Low
18/04/2019 00:00Dollar357360357360Low
18/04/2019 00:00Euro402406402406Low
17/04/2019 00:00Pounds470475470475Low
17/04/2019 00:00Dollar357360357360Low
17/04/2019 00:00Euro402406402406Low
16/04/2019 00:00Pounds465470470475Low
16/04/2019 00:00Dollar360365357360Low
16/04/2019 00:00Euro400405402405Low

Data is collated from various black market dealers on the mainland and island parts of Lagos State where forex is sold. The price quoted daily on this page represents the average price obtained by our Research Team. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. This is a daily tracker and updated close of business. See table below for parallel market exchange rate dating to 2019.

Continue Reading

Currencies

Nigeria: Pressure on FX to continue in 2021 – Report

Pressure on FX will continue in 2021 as a result of thin reserve buffers and recovering domestic demands.

Published

on

Foreign Exchange: FX demand backlog, Naira gains against the dollar at I&E window, forex liquidity up by 66% 

EFG Hermes has revealed that pressure on FX will continue in 2021 as a result of thin reserve buffers and recovering domestic demands.

This is contained in its recently released report, 2021 The Year Ahead – Is The Recovery In The Price?

The company envisages that adjustment in the country’s current setting is driven primarily by its view that the country’s FX conditions are likely to remain tight in 2021.

READ: EFG Hermes concludes advisory on Al Habib Group’s $700 million IPO

Further noting that higher oil prices – with a USD55/bbl forecast for 2021 – would still fall short of providing the adequate liquidity needed to ease FX shortages.

Specta

According to the company, despite Nigeria’s economy facing a twin-problem of the pandemic shock and lower oil prices, it believes the country is attempting recovery with very few buffers, leaving the economy vulnerable to further shocks.

With rates depressed as they are, the country stands no chance in attracting foreign portfolio investments, which were key in easing liquidity shortages back in 2017.

READ: Central Bank says monetary policy not to blame for rising food cost

What they are saying

The report notes that:

Coronation ads
  • Inflexible currency policy leaves the system plagued with backlogs and a parallel market that is trading at a +20% premium, with the Central Bank of Nigeria (CBN) adopting a policy of reserve conservation (vehemently defending the $35 billion level).
  • “Chronic fiscal problems, mostly in the form of weak revenue collection, has rendered the fiscal channel broken, with a debt service burden ratio of 80%.
  • “The country’s macro position has been further complicated by the absence of major reform initiatives by the government, as a result, depriving it of much-needed financial support. Out of a $6.9 billion package, the country only received $3.4 billion from the IMF, with USD3.5bn from the World Bank and African Development Bank.”

READ: Investors channel funds to forex, equity after OMO ban- Report

What EFG Hermes is advising

  • The report acknowledges that the government has taken certain steps to reform the economy, including de-regulation of fuel prices, and the devaluation of currency by the CBN a couple of times. However, outcomes differ from forecasts, further exposing the economy to highly vulnerable external shocks.
  • The company sees the current policy mix of high inflation, highly depressed rates, overvalued official exchange rate and various monetary policy regulations (mostly on banks’ liquidity) as highly unsustainable, contending that something must be done this year.
  • The company, therefore, asserts that interest rates has to be the target and should jack up from their current near-zero level.
  • The recently approved $1.5 billion loan from the World Bank, as well as a potential Eurobond issuance, are likely to ease short-term FX pressures. Nevertheless, these funds are unlikely to be a game changer and FX pressure would fundamentally require authorities to continue with import controls and an overall tight monetary policy.

Continue Reading
Advertisement




Advertisement