Currencies

DEVALUATION: CBN updates website to official rate of N360/$1

The central bank of Nigeria has devalued its official exchange rate from N307/$1 to N360/$1.

Published

7 months ago

March 21, 2020

CBN website states oil price is still $61, Naira under pressure as Nigeria records poor export earnings, 4 key sectors the CBN plans to pump money into

Just as Nairametrics reported, the Central Bank of Nigeria has devalued its official exchange rate from N307/$1 to N360/$1. The apex bank has now reflected this change on its website signaling a confirmation. The bank is yet to issue a press release to this effect.

The CBN has now officially devalued by 15% moving from N307/$1 to N360/$1. Depreciation at the “market-determined” I&E window is 5% having moved from N360/$1 to N380/$1

Devaluation: Nairametrics reported yesterday that the Central Bank of Nigeria (CBN) sold dollars to banks at N380/$1 in a move signifying a devaluation of the currency. Banks trading at the Investor and Exporter (I&E) window bought dollars at N360/$1 from the CBN on Friday, March 20, 2020. The I&E window is the official market where forex is traded between banks, the CBN, foreign investors, and businesses. The central bank typically buys or sells in the market as part of its intervention program.

The CBN has updated its website with the official exchange rate.

Nairametrics also got hold of a letter from the CBN to banks informing them of the new exchange rate for dollars flowing from the International Money Transfer Operators (IMTOs). According to the CBN, IMTOs will sell to banks at N376/$1 while banks will sell to the CBN at N377/$1. The CBN will sell to BDC’s at N378/$1 while the BDC’s will sell to end-users at “no more than” N380/$1.

Single Exchange Rate: A report yesterday also suggested that the CBN also planned to move to a single exchange rate policy for determining the price of the dollar. A senior central bank official who does not want to be identified, said, ‘Today we allowed the rate at the importer and exporters (I&E) window to adjust in response to market developments.’

The central bank has now made an apparent u-turn after it had initially that the “market fundamentals do not support naira devaluation at this time” detailing reasons why it did not need to devalue.

Falling oil price: Oil prices fell to under $20 on Friday before climbing back up to settle at $23 per barrel. Nigeria’s Bonny light trades at $26 while the benchmark Brent crude trades at $29 per barrel. In response to the crash in oil price, Nigeria’s announced a cut to its 2020 budget by N1.5 trillion as it faced the reality of a potential drop in its revenues. Nairametrics also has information that state governments are getting jittery about their ability to sustain salary payments as a reduction in their federal allocation “FAAC” is anticipated.

Research Team

Nairametrics Research team tracks, collates, maintains and manages a rich database of macro-economic and micro-economic data from Nigeria and Africa. Our analysts share some of the data collated on Nairametrics, using formats such as docs, tables and charts etc. The team also publishes research based analysis as articles on a regular basis.

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Currencies

Daily Parallel Market Exchange Rate – ₦460/$1

The US dollar closed at ₦460/US$1 in the parallel market

Published

11 hours ago

October 30, 2020

Adeyemi Adebayo

Forex, NIGERIA: Daily Parallel Market, Exchange Rate

The exchange rate between the naira and the US dollar for today (Friday, October 30th 2020), closed at ₦460/US$1 in the parallel market. The rate had also closed at ₦460/US$1 on Thursday, October 29th 2020.

Naira: ₦460
Dollar: $1
Date: October 30th, 2020

The exchange rate between the naira and the British pound sterling closed at ₦590/₤1 on Friday, 30th October 2020. The rate had also closed at ₦590/₤1 on Thursday, October 29th 2020.

Naira: ₦590
Pounds Sterling: ₤1
Date: October 30th, 2020

Explore Economic Research Data From Nairametrics on Nairalytics

The exchange rate between the naira and the European euro closed at ₦535/€1 on Friday 30th October 2020. The rate had also closed at ₦535/€1 on Thursday, October 29th 2020.

Naira: ₦535
Euro: €1
Date: October 30th, 2020

Activity: US Dollar closed at ₦460/US$1 in the parallel market

Date	Currency	Buy(AM)	Sell(AM)	Buy(PM)	Sell(PM)	Volatility
10/30/2020	Dollar	457	460	457	460	Low
10/30/2020	Pounds	585	590	585	590	Low
10/30/2020	Euro	530	535	530	535	Low
10/29/2020	Dollar	457	460	457	460	Low
10/29/2020	Pounds	585	590	585	590	Low
10/29/2020	Euro	530	535	530	535	Low
10/28/2020	Dollar	457	460	457	460	Low
10/28/2020	Pounds	585	590	585	590	Low
10/28/2020	Euro	530	535	530	535	Low
10/27/2020	Dollar	457	461	457	461	Low
10/27/2020	Pounds	585	590	585	590	Low
10/27/2020	Euro	535	540	535	540	Low
10/26/2020	Dollar	457	461	457	461	Low
10/26/2020	Pounds	585	590	585	590	Low
10/26/2020	Euro	535	540	535	540	Low
10/23/2020	Dollar	457	461	457	461	Low
10/23/2020	Pounds	585	590	585	590	Low
10/23/2020	Euro	535	540	535	540	Low
10/22/2020	Dollar	457	461	457	461	Low
10/22/2020	Pounds	585	590	585	590	Low
10/22/2020	Euro	535	540	535	540	Low
10/21/2020	Dollar	456	460	456	460	Low
10/21/2020	Pounds	582	593	582	593	Low
10/21/2020	Euro	535	540	535	540	Low
10/20/2020	Dollar	456	460	456	460	Low
10/20/2020	Pounds	582	593	582	593	Low
10/20/2020	Euro	535	540	535	540	Low
10/19/2020	Dollar	455	460	455	460	Low
10/19/2020	Pounds	583	592	583	592	Low
10/19/2020	Euro	530	535	530	535	Low
10/16/2020	Dollar	455	460	455	460	Low
10/16/2020	Pounds	583	592	583	592	Low
10/16/2020	Euro	530	535	530	535	Low
10/15/2020	Dollar	455	460	455	460	Low
10/15/2020	Pounds	583	592	583	592	Low
10/15/2020	Euro	530	535	530	535	Low
10/14/2020	Dollar	455	460	455	460	Low
10/14/2020	Pounds	585	590	585	590	Low
10/14/2020	Euro	530	535	530	535	Low
10/13/2020	Dollar	453	458	455	460	Low
10/13/2020	Pounds	585	590	585	590	Low
10/13/2020	Euro	530	535	530	535	Low
10/12/2020	Dollar	452	458	452	458	Low
10/12/2020	Pounds	580	585	580	585	Low
10/12/2020	Euro	530	535	530	535	Low
10/09/2020	Dollar	452	457	452	457	Low
10/09/2020	Pounds	585	590	585	590	Low
10/09/2020	Euro	535	540	535	540	Low
10/08/2020	Dollar	452	457	452	457	Low
10/08/2020	Pounds	585	590	585	590	Low
10/08/2020	Euro	535	540	535	540	Low
10/07/2020	Dollar	452	457	452	457	Low
10/07/2020	Pounds	585	590	585	590	Low
10/07/2020	Euro	535	540	535	540	Low
10/06/2020	Dollar	452	457	452	457	Low
10/06/2020	Pounds	580	585	580	585	Low
10/06/2020	Euro	535	540	535	540	Low
10/05/2020	Dollar	452	455	452	455	Low
10/05/2020	Pounds	570	580	570	580	Low
10/05/2020	Euro	540	545	540	545	Low
10/02/2020	Dollar	460	465	460	465	Low
10/02/2020	Pounds	575	585	575	585	Low
10/02/2020	Euro	530	540	530	540	Low
10/01/2020	Dollar	460	465	460	465	Low
10/01/2020	Pounds	575	585	575	585	Low
10/01/2020	Euro	530	540	530	540	Low
9/30/2020	Dollar	460	465	460	465	Low
9/30/2020	Pounds	570	580	570	580	Low
9/30/2020	Euro	530	535	530	535	Low
9/29/2020	Dollar	460	465	460	465	Low
9/29/2020	Pounds	565	575	570	580	Low
9/29/2020	Euro	530	535	530	535	Low
9/28/2020	Dollar	460	465	460	465	Low
9/28/2020	Pounds	565	570	565	570	Low
9/28/2020	Euro	530	535	530	535	Low
9/25/2020	Dollar	460	465	460	465	Low
9/25/2020	Pounds	565	575	565	575	Low
9/25/2020	Euro	535	540	535	540	Low
9/24/2020	Dollar	460	465	460	465	Low
9/24/2020	Pounds	565	570	565	570	Low
9/24/2020	Euro	535	540	535	540	Low
9/23/2020	Dollar	455	460	455	460	Low
9/23/2020	Pounds	580	585	580	585	Low
9/23/2020	Euro	535	540	535	540	Low
9/22/2020	Dollar	455	460	455	460	Low
9/22/2020	Pounds	575	585	575	580	Low
9/22/2020	Euro	530	535	530	535	Low
9/21/2020	Dollar	453	455	450	455	Low
9/21/2020	Pounds	565	570	565	570	Low
9/21/2020	Euro	525	530	525	530	Low
9/18/2020	Dollar	450	460	450	460	Low
9/18/2020	Pounds	575	595	575	595	Low
9/18/2020	Euro	535	540	535	540	Low
9/17/2020	Dollar	455	460	455	460	Low
9/17/2020	Pounds	570	580	570	580	Low
9/17/2020	Euro	530	535	530	535	Low
9/16/2020	Dollar	450	460	450	460	Low
9/16/2020	Pounds	565	570	565	570	Low
9/16/2020	Euro	525	530	525	530	Low
9/15/2020	Dollar	450	460	450	460	Low
9/15/2020	Pounds	565	570	565	570	Low
9/15/2020	Euro	525	530	525	530	Low
9/14/2020	Dollar	445	455	445	455	Low
9/14/2020	Pounds	560	575	560	575	Low
9/14/2020	Euro	515	525	515	525	Low
09/11/2020	Dollar	450	455	450	455	Low
09/11/2020	Pounds	555	565	555	565	Low
09/11/2020	Euro	525	530	525	530	Low
09/10/2020	Dollar	455	460	455	460	Low
09/10/2020	Pounds	545	560	545	560	Low
09/10/2020	Euro	525	530	525	530	Low
09/09/2020	Dollar	430	440	430	440	Low
09/09/2020	Pounds	540	555	540	555	Low
09/09/2020	Euro	500	510	500	510	Low
09/08/2020	Dollar	435	440	435	440	Low
09/08/2020	Pounds	540	550	540	550	Low
09/08/2020	Euro	505	515	505	515	Low
09/07/2020	Dollar	435	440	435	440	Low
09/07/2020	Pounds	525	530	525	530	Low
09/07/2020	Euro	505	515	505	515	Low
09/04/2020	Dollar	425	440	425	440	Low
09/04/2020	Pounds	560	580	560	580	Low
09/04/2020	Euro	505	515	505	515	Low
09/03/2020	Dollar	425	440	425	440	Low
09/03/2020	Pounds	560	580	560	580	Low
09/03/2020	Euro	520	535	505	515	High
09/02/2020	Dollar	425	440	425	440	Low
09/02/2020	Pounds	570	580	560	580	Low
09/02/2020	Euro	535	540	520	535	Low
09/01/2020	Dollar	462	465	435	440	High
09/01/2020	Pounds	565	575	570	580	Low
09/01/2020	Euro	535	540	535	540	Low
8/31/2020	Dollar	463	470	460	465	High
8/31/2020	Pounds	585	595	580	590	Low
8/31/2020	Euro	540	545	540	545	Low
8/28/2020	Dollar	472	477	472	477	Low
8/28/2020	Pounds	580	595	580	595	Low
8/28/2020	Euro	545	552	545	552	Low
8/27/2020	Dollar	472	477	472	477	Low
8/27/2020	Pounds	580	590	580	590	Low
8/27/2020	Euro	542	552	542	552	Low
8/26/2020	Dollar	472	477	472	477	Low
8/26/2020	Pounds	580	590	580	590	Low
8/26/2020	Euro	542	552	542	552	Low
8/25/2020	Dollar	472	477	472	477	Low
8/25/2020	Pounds	575	585	575	585	Low
8/25/2020	Euro	542	552	542	552	Low
8/24/2020	Dollar	473	477	473	477	Low
8/24/2020	Pounds	580	590	580	590	Low
8/24/2020	Euro	542	550	542	550	Low
8/21/2020	Dollar	474	477	474	477	Low
8/21/2020	Pounds	575	585	575	585	Low
8/21/2020	Euro	545	550	545	550	Low
8/20/2020	Dollar	475	478	473	477	Low
8/20/2020	Pounds	575	585	575	585	Low
8/20/2020	Euro	540	550	540	550	Low
8/19/2020	Dollar	475	480	475	480	Low
8/19/2020	Pounds	575	585	575	585	Low
8/19/2020	Euro	540	550	540	550	Low
8/18/2020	Dollar	477	480	477	480	Low
8/18/2020	Pounds	575	580	575	580	Low
8/18/2020	Euro	545	550	545	550	Low
8/17/2020	Dollar	470	475	470	475	Low
8/17/2020	Pounds	580	590	580	590	Low
8/17/2020	Euro	525	535	525	535	Low
8/14/2020	Dollar	470	475	470	475	Low
8/14/2020	Pounds	570	580	570	580	Low
8/14/2020	Euro	525	535	520	535	Low
8/13/2020	Dollar	470	475	470	475	Low
8/13/2020	Pounds	570	575	565	575	Low
8/13/2020	Euro	525	530	520	530	Low
08/12/2020	Dollar	470	475	470	475	Low
08/12/2020	Pounds	570	575	570	575	Low
08/12/2020	Euro	520	530	520	530	Low
08/11/2020	Dollar	477	485	477	485	Low
08/11/2020	Pounds	572	584	572	584	Low
08/11/2020	Euro	510	523	520	535	Low
08/10/2020	Dollar	477	485	477	485	Low
08/10/2020	Pounds	572	584	572	584	Low
08/10/2020	Euro	510	523	520	535	High
08/07/2020	Dollar	475	486	475	486	Low
08/07/2020	Pounds	578	585	578	585	Low
08/07/2020	Euro	536	550	536	550	Low
08/06/2020	Dollar	470	480	475	486	Low
08/06/2020	Pounds	575	587	578	585	Low
08/06/2020	Euro	534	545	536	550	Low
08/05/2020	Dollar	465	475	473	483	Low
08/05/2020	Pounds	570	580	575	587	Low
08/05/2020	Euro	525	540	532	545	Low
08/04/2020	Dollar	470	480	470	480	Low
08/04/2020	Pounds	560	570	560	570	Low
08/04/2020	Euro	520	530	520	530	Low
08/03/2020	Dollar	470	480	470	480	Low
08/03/2020	Pounds	560	570	560	570	Low
08/03/2020	Euro	520	530	520	530	Low
7/31/2020	Dollar	470	480	470	485	High
7/31/2020	Pounds	570	582	575	585	Low
7/31/2020	Euro	500	520	505	520	Low
7/30/2020	Dollar	470	490	470	485	High
7/30/2020	Pounds	550	570	550	580	High
7/30/2020	Euro	495	520	500	525	High
7/29/2020	Dollar	468	475	467	475	Low
7/29/2020	Pounds	575	585	580	590	Low
7/29/2020	Euro	530	540	530	545	Low
7/28/2020	Dollar	469	475	467	475	Low
7/28/2020	Pounds	575	593	580	595	Low
7/28/2020	Euro	550	560	540	550	Low
7/27/2020	Dollar	465	473	466	473	Low
7/27/2020	Pounds	570	580	575	583	Low
7/27/2020	Euro	510	520	515	530	Low
7/24/2020	Dollar	465	472	464	472	Low
7/24/2020	Pounds	570	580	572	582	Low
7/24/2020	Euro	510	520	505	520	Low
7/23/2020	Dollar	460	472	465	472	Low
7/23/2020	Pounds	565	575	565	580	Low
7/23/2020	Euro	510	520	505	520	Low
7/22/2020	Dollar	465	472	465	472	Low
7/22/2020	Pounds	565	575	560	578	Low
7/22/2020	Euro	510	525	510	528	Low
7/21/2020	Dollar	461	472	462	472	Low
7/21/2020	Pounds	560	573	560	575	Low
7/21/2020	Euro	498	515	500	520	Low
7/20/2020	Dollar	460	473	462	473	Low
7/20/2020	Pounds	550	570	555	575	Low
7/20/2020	Euro	495	505	500	510	Low
7/17/2020	Dollar	462	470	460	470	Low
7/17/2020	Pounds	560	570	558	570	Low
7/17/2020	Euro	490	500	490	500	Low
7/16/2020	Dollar	460	470	460	470	Low
7/16/2020	Pounds	558	565	560	570	Low
7/16/2020	Euro	485	495	485	499	Low
7/15/2020	Dollar	455	465	455	470	Low
7/15/2020	Pounds	560	565	558	570	Low
7/15/2020	Euro	485	495	488	498	Low
7/14/2020	Dollar	448	462	455	470	Low
7/14/2020	Pounds	540	550	557	570	Low
7/14/2020	Euro	485	495	489	498	Low
7/13/2020	Dollar	450	460	448	462	Low
7/13/2020	Pounds	540	550	540	550	Low
7/13/2020	Euro	485	495	485	495	Low
07/10/2020	Dollar	453	460	458	465	Low
07/10/2020	Pounds	520	525	550	555	High
07/10/2020	Euro	465	467	510	520	High
07/09/2020	Dollar	455	461	455	463	Low
07/09/2020	Pounds	550	558	550	562	Low
07/09/2020	Euro	495	504	498	505	Low
07/08/2020	Dollar	455	461	455	461	Low
07/08/2020	Pounds	550	558	550	558	Low
07/08/2020	Euro	495	504	495	504	Low
07/07/2020	Dollar	455	461	455	461	Low
07/07/2020	Pounds	550	558	550	558	Low
07/07/2020	Euro	495	502	495	502	Low
07/06/2020	Dollar	455	462	455	461	Low
07/06/2020	Pounds	550	562	547	555	Low
07/06/2020	Euro	495	502	496	502	Low
07/03/2020	Dollar	455	462	454	461	Low
07/03/2020	Pounds	548	560	550	560	Low
07/03/2020	Euro	495	505	495	502	Low
07/02/2020	Dollar	455	462	454	461	Low
07/02/2020	Pounds	548	560	550	560	Low
07/02/2020	Euro	495	505	495	502	Low
07/01/2020	Dollar	455	462	455	462	Low
07/01/2020	Pounds	548	560	548	560	Low
07/01/2020	Euro	495	505	495	505	Low
6/30/2020	Dollar	452	460	452	460	Low
6/30/2020	Pounds	547	560	547	560	Low
6/30/2020	Euro	495	505	495	505	Low
6/29/2020	Dollar	450	460	450	460	Low
6/29/2020	Pounds	547	560	547	560	Low
6/29/2020	Euro	495	505	495	505	Low
6/26/2020	Dollar	452	457	452	460	Low
6/26/2020	Pounds	547	557	547	560	Low
6/26/2020	Euro	490	498	490	502	Low
6/25/2020	Dollar	452	457	450	455	Low
6/25/2020	Pounds	547	557	547	560	Low
6/25/2020	Euro	490	498	490	499	Low
6/24/2020	Dollar	450	460	450	455	Low
6/24/2020	Pounds	545	555	545	555	Low
6/24/2020	Euro	490	495	488	498	Low
6/23/2020	Dollar	450	460	445	455	Low
6/23/2020	Pounds	545	555	545	555	Low
6/23/2020	Euro	490	495	490	495	Low
6/22/2020	Dollar	450	455	450	455	Low
6/22/2020	Pounds	545	555	545	555	Low
6/22/2020	Euro	488	498	488	498	Low
6/19/2020	Dollar	445	455	445	455	Low
6/19/2020	Pounds	540	553	540	553	Low
6/19/2020	Euro	480	490	480	490	Low
6/18/2020	Dollar	445	452	445	452	Low
6/18/2020	Pounds	537	550	537	550	Low
6/18/2020	Euro	475	490	475	490	Low
6/17/2020	Dollar	445	452	445	452	Low
6/17/2020	Pounds	540	553	537	550	Low
6/17/2020	Euro	475	490	475	490	Low
6/16/2020	Dollar	440	450	445	452	Low
6/16/2020	Pounds	540	550	540	553	Low
6/16/2020	Euro	475	485	475	490	Low
6/15/2020	Dollar	440	450	440	450	Low
6/15/2020	Pounds	540	550	540	550	Low
6/15/2020	Euro	475	485	475	485	Low
06/12/2020	Dollar	440	450	440	450	Low
06/12/2020	Pounds	538	550	538	550	Low
06/12/2020	Euro	470	485	470	485	Low
06/11/2020	Pounds	538	550	538	550	Low
06/11/2020	Dollar	440	450	440	450	Low
06/11/2020	Euro	470	485	470	485	Low
06/10/2020	Pounds	538	550	540	553	Low
06/10/2020	Dollar	440	450	445	452	Low
06/10/2020	Euro	470	485	475	490	Low
06/09/2020	Pounds	538	550	540	550	Low
06/09/2020	Dollar	440	450	440	450	Low
06/09/2020	Euro	470	485	475	485	Low
06/08/2020	Pounds	540	550	540	550	Low
06/08/2020	Dollar	440	450	440	450	Low
06/08/2020	Euro	475	485	475	485	Low
06/05/2020	Pounds	535	545	535	545	Low
06/05/2020	Dollar	440	450	440	450	Low
06/05/2020	Euro	460	472	460	472	Low
06/04/2020	Pounds	530	543	530	543	Low
06/04/2020	Dollar	440	447	440	447	Low
06/04/2020	Euro	460	470	460	470	Low
06/03/2020	Pounds	530	540	530	540	Low
06/03/2020	Dollar	440	445	440	445	Low
06/03/2020	Euro	460	470	460	470	Low
06/02/2020	Pounds	535	545	535	545	Low
06/02/2020	Dollar	440	450	440	450	Low
06/02/2020	Euro	460	472	460	472	Low
06/01/2020	Pounds	530	543	530	543	Low
06/01/2020	Dollar	440	447	440	447	Low
06/01/2020	Euro	460	470	460	470	Low
5/29/2020	Pounds	530	540	530	540	Low
5/29/2020	Dollar	440	445	440	445	Low
5/29/2020	Euro	460	470	460	470	Low
5/28/2020	Pounds	535	545	535	545	Low
5/28/2020	Dollar	440	450	440	450	Low
5/28/2020	Euro	460	472	460	472	Low
5/27/2020	Pounds	530	543	530	543	Low
5/27/2020	Dollar	440	447	440	447	Low
5/27/2020	Euro	460	470	460	470	Low
5/26/2020	Pounds	530	540	530	540	Low
5/26/2020	Dollar	440	445	440	445	Low
5/26/2020	Euro	460	470	460	470	Low
5/25/2020	Pounds	535	545	535	545	Low
5/25/2020	Dollar	440	450	440	450	Low
5/25/2020	Euro	460	472	460	472	Low
5/22/2020	Pounds	530	543	530	543	Low
5/22/2020	Dollar	440	447	440	447	Low
5/22/2020	Euro	460	470	460	470	Low
5/21/2020	Pounds	530	545	530	545	Low
5/21/2020	Dollar	450	460	450	460	Low
5/21/2020	Euro	460	470	460	470	Low
5/20/2020	Pounds	530	550	530	550	Low
5/20/2020	Dollar	445	460	445	460	Low
5/20/2020	Euro	450	470	450	470	Low
5/19/2020	Pounds	528	540	528	540	Low
5/19/2020	Dollar	445	460	445	460	Low
5/19/2020	Euro	450	465	450	465	Low
5/18/2020	Pounds	528	540	528	540	Low
5/18/2020	Dollar	445	460	445	460	Low
5/18/2020	Euro	450	465	450	465	Low
5/15/2020	Pounds	530	540	525	535	Low
5/15/2020	Dollar	435	450	440	455	Low
5/15/2020	Euro	450	460	450	465	Low
5/14/2020	Pounds	530	540	530	540	Low
5/14/2020	Dollar	435	450	435	450	Low
5/14/2020	Euro	450	460	450	460	Low
5/13/2020	Pounds	525	535	525	535	Low
5/13/2020	Dollar	430	450	430	450	Low
5/13/2020	Euro	440	455	440	455	Low
05/12/2020	Pounds	525	535	525	535	Low
05/12/2020	Dollar	435	450	435	450	Low
05/12/2020	Euro	445	455	445	455	Low
05/11/2020	Pounds	510	530	525	535	Low
05/11/2020	Dollar	430	445	435	445	Low
05/11/2020	Euro	440	450	445	455	Low
05/08/2020	Pounds	510	530	510	530	Low
05/08/2020	Dollar	425	437	430	445	Low
05/08/2020	Euro	425	440	440	450	Low
05/07/2020	Pounds	510	530	510	530	Low
05/07/2020	Dollar	425	437	425	437	Low
05/07/2020	Euro	425	440	425	440	Low
05/06/2020	Pounds	510	520	510	520	Low
05/06/2020	Dollar	425	437	425	437	Low
05/06/2020	Euro	430	450	430	450	Low
05/05/2020	Pounds	510	525	510	525	Low
05/05/2020	Dollar	410	430	420	430	Low
05/05/2020	Euro	425	435	425	435	Low
05/04/2020	Pounds	500	510	510	525	Low
05/04/2020	Dollar	435	450	410	430	Low
05/04/2020	Euro	430	440	425	435	Low
05/01/2020	Pounds	500	510	500	510	Low
05/01/2020	Dollar	435	450	435	450	Low
05/01/2020	Euro	430	445	430	445	Low
4/30/2020	Pounds	500	510	500	510	Low
4/30/2020	Dollar	435	450	435	450	Low
4/30/2020	Euro	430	445	430	445	Low
4/29/2020	Pounds	500	520	500	520	Low
4/29/2020	Dollar	440	460	440	460	Low
4/29/2020	Euro	450	465	450	465	Low
4/28/2020	Pounds	495	510	500	520	Low
4/28/2020	Dollar	430	450	440	460	Low
4/28/2020	Euro	435	450	435	450	Low
4/27/2020	Pounds	495	510	495	510	Low
4/27/2020	Dollar	430	450	430	450	Low
4/27/2020	Euro	435	450	435	450	Low
4/24/2020	Pounds	490	500	490	500	Low
4/24/2020	Dollar	428	450	428	450	Low
4/24/2020	Euro	430	440	430	440	Low
4/23/2020	Pounds	490	500	490	500	Low
4/23/2020	Dollar	420	430	420	430	Low
4/23/2020	Euro	425	435	425	435	Low
4/22/2020	Pounds	490	500	490	500	Low
4/22/2020	Dollar	420	425	420	430	Low
4/22/2020	Euro	425	435	425	435	Low
4/21/2020	Pounds	490	500	490	500	Low
4/21/2020	Dollar	420	430	420	430	Low
4/21/2020	Euro	425	435	425	435	Low
4/20/2020	Pounds	490	500	490	500	Low
4/20/2020	Dollar	420	430	420	430	Low
4/20/2020	Euro	425	435	425	435	Low
4/17/2020	Pounds	490	500	490	500	Low
4/17/2020	Dollar	420	430	420	430	Low
4/17/2020	Euro	425	435	425	435	Low
4/16/2020	Pounds	490	500	490	500	Low
4/16/2020	Dollar	420	430	420	430	Low
4/16/2020	Euro	425	435	425	435	Low
4/15/2020	Pounds	490	500	490	500	Low
4/15/2020	Dollar	420	430	420	430	Low
4/15/2020	Euro	425	435	425	435	Low
4/14/2020	Pounds	490	500	490	500	Low
4/14/2020	Dollar	420	430	420	430	Low
4/14/2020	Euro	425	435	425	435	Low
4/13/2020	Pounds	490	500	490	500	Low
4/13/2020	Dollar	420	430	420	430	Low
4/13/2020	Euro	425	435	425	435	Low
04/10/2020	Pounds	490	505	490	505	Low
04/10/2020	Dollar	420	430	420	430	Low
04/10/2020	Euro	425	435	425	435	Low
04/09/2020	Pounds	490	505	490	505	Low
04/09/2020	Dollar	420	430	420	430	Low
04/09/2020	Euro	425	435	425	435	Low
04/08/2020	Pounds	490	500	490	500	Low
04/08/2020	Dollar	420	430	420	430	Low
04/08/2020	Euro	425	435	425	435	Low
04/07/2020	Pounds	490	500	490	500	Low
04/07/2020	Dollar	420	430	420	430	Low
04/07/2020	Euro	425	435	425	435	Low
04/06/2020	Pounds	492	497	492	497	Low
04/06/2020	Dollar	402	412	402	412	Low
04/06/2020	Euro	410	415	410	415	Low
04/03/2020	Pounds	485	490	492	497	Low
04/03/2020	Dollar	400	410	402	412	Low
04/03/2020	Euro	410	415	410	415	Low
04/02/2020	Pounds	485	490	485	490	Low
04/02/2020	Dollar	400	410	400	410	Low
04/02/2020	Euro	410	415	410	415	Low
04/01/2020	Pounds	480	485	480	485	Low
04/01/2020	Dollar	395	400	395	400	Low
04/01/2020	Euro	407	412	407	412	Low
3/31/2020	Pounds	480	485	480	485	Low
3/31/2020	Dollar	395	400	395	400	Low
3/31/2020	Euro	407	412	407	412	Low
3/30/2020	Pounds	480	485	480	485	Low
3/30/2020	Dollar	390	395	395	400	Low
3/30/2020	Euro	407	412	407	412	Low
3/27/2020	Pounds	480	485	480	485	Low
3/27/2020	Dollar	385	390	390	395	Low
3/27/2020	Euro	405	410	407	412	Low
3/26/2020	Pounds	480	485	480	485	Low
3/26/2020	Dollar	385	390	385	390	Low
3/26/2020	Euro	405	410	405	410	Low
3/25/2020	Pounds	475	480	480	485	Low
3/25/2020	Dollar	380	385	385	390	Low
3/25/2020	Euro	400	405	405	410	Low
3/24/2020	Pounds	475	480	475	480	Low
3/24/2020	Dollar	380	385	380	385	Low
3/24/2020	Euro	400	405	400	405	Low
3/23/2020	Pounds	474	478	474	478	Low
3/23/2020	Dollar	380	385	380	385	Low
3/23/2020	Euro	400	403	400	403	Low
3/20/2020	Pounds	475	480	475	480	Low
3/20/2020	Dollar	370	375	365	367	Low
3/20/2020	Euro	395	400	395	400	Low
3/19/2020	Pounds	475	480	475	480	Low
3/19/2020	Dollar	370	375	370	375	Low
3/19/2020	Euro	395	400	395	400	Low
3/18/2020	Pounds	471	475	471	475	Low
3/18/2020	Dollar	370	375	370	375	Low
3/18/2020	Euro	390	395	390	395	Low
3/17/2020	Pounds	470	475	470	475	Low
3/17/2020	Dollar	375	380	375	380	Low
3/17/2020	Euro	400	403	400	403	Low
3/16/2020	Pounds	470	475	470	475	Low
3/16/2020	Dollar	370	375	370	375	Low
3/16/2020	Euro	400	403	400	403	Low
3/13/2020	Pounds	470	475	470	475	Low
3/13/2020	Dollar	372	377	372	377	Low
3/13/2020	Euro	400	403	400	403	Low
03/12/2020	Pounds	475	485	490	495	High
03/12/2020	Dollar	365	380	375	404	High
03/12/2020	Euro	405	412	410	420	Low
03/11/2020	Pounds	470	475	475	485	Low
03/11/2020	Dollar	360	366	365	375	Low
03/11/2020	Euro	387	403	405	412	Low
03/10/2020	Pounds	468	472	470	475	Low
03/10/2020	Dollar	358	360	360	362	Low
03/10/2020	Euro	390	398	387	403	Low
03/09/2020	Pounds	468	472	468	472	Low
03/09/2020	Dollar	358	360	358	360	Low
03/09/2020	Euro	392	398	392	398	Low
03/06/2020	Pounds	468	472	468	472	Low
03/06/2020	Dollar	358	360	358	360	Low
03/06/2020	Euro	390	398	390	398	Low
03/05/2020	Pounds	468	472	468	472	Low
03/05/2020	Dollar	358	360	358	360	Low
03/05/2020	Euro	390	397	390	397	Low
03/04/2020	Pounds	468	473	468	473	Low
03/04/2020	Dollar	358	360	358	360	Low
03/04/2020	Euro	387	392	387	392	Low
03/03/2020	Pounds	468	472	468	472	Low
03/03/2020	Dollar	358	360	358	360	Low
03/03/2020	Euro	387	392	387	392	Low
03/02/2020	Pounds	468	472	468	472	Low
03/02/2020	Dollar	358	360	358	360	Low
03/02/2020	Euro	387	392	387	392	Low
2/28/2020	Pounds	468	472	468	472	Low
2/28/2020	Dollar	358	360	358	360	Low
2/28/2020	Euro	387	392	387	392	Low
2/27/2020	Pounds	467	471	468	472	Low
2/27/2020	Dollar	358	360	358	360	Low
2/27/2020	Euro	386	390	387	392	Low
2/26/2020	Pounds	468	472	467	471	Low
2/26/2020	Dollar	358	360	358	360	Low
2/26/2020	Euro	386	390	386	390	Low
2/25/2020	Pounds	467	472	468	472	Low
2/25/2020	Dollar	358	360	358	360	Low
2/25/2020	Euro	388	392	386	390	Low
2/24/2020	Pounds	467	472	467	472	Low
2/24/2020	Dollar	358	360	358	360	Low
2/24/2020	Euro	388	392	388	393	Low
2/21/2020	Pounds	467	473	468	473	Low
2/21/2020	Dollar	358	360	358	360	Low
2/21/2020	Euro	388	392	388	392	Low
2/20/2020	Pounds	467	473	467	473	Low
2/20/2020	Dollar	358	360	358	360	Low
2/20/2020	Euro	388	392	388	392	Low
2/19/2020	Pounds	467	473	467	473	Low
2/19/2020	Dollar	358	360	358	360	Low
2/19/2020	Euro	390	394	390	394	Low
2/18/2020	Pounds	467	473	467	473	Low
2/18/2020	Dollar	358	360	358	360	Low
2/18/2020	Euro	390	394	390	394	Low
2/17/2020	Pounds	469	473	467	474	Low
2/17/2020	Dollar	358	360	358	360	Low
2/17/2020	Euro	390	394	390	394	Low
2/14/2020	Pounds	469	473	469	473	Low
2/14/2020	Dollar	358	360	358	360	Low
2/14/2020	Euro	390	394	390	394	Low
2/13/2020	Pounds	470	475	470	475	Low
2/13/2020	Dollar	358	360	358	360	Low
2/13/2020	Euro	390	396	390	396	Low
02/12/2020	Pounds	470	475	470	475	Low
02/12/2020	Dollar	358	360	358	360	Low
02/12/2020	Euro	390	396	390	396	Low
02/11/2020	Pounds	470	475	470	475	Low
02/11/2020	Dollar	358	360	358	360	Low
02/11/2020	Euro	390	396	390	396	Low
02/10/2020	Pounds	470	475	470	475	Low
02/10/2020	Dollar	358	360	358	360	Low
02/10/2020	Euro	390	396	390	396	Low
02/07/2020	Pounds	471	475	471	475	Low
02/07/2020	Dollar	358	360	358	360	Low
02/07/2020	Euro	390	396	392	396	Low
02/06/2020	Pounds	473	476	473	476	Low
02/06/2020	Dollar	358	360	358	360	Low
02/06/2020	Euro	392	397	392	397	Low
02/05/2020	Pounds	473	476	473	476	Low
02/05/2020	Dollar	358	360	358	360	Low
02/05/2020	Euro	393	397	393	397	Low
02/04/2020	Pounds	473	476	473	476	Low
02/04/2020	Dollar	358	360	358	360	Low
02/04/2020	Euro	393	397	393	397	Low
02/03/2020	Pounds	473	476	473	476	Low
02/03/2020	Dollar	358	360	358	360	Low
02/03/2020	Euro	393	397	393	397	Low
1/31/2020	Pounds	473	476	473	476	Low
1/31/2020	Dollar	358	360	358	360	Low
1/31/2020	Euro	393	397	393	397	Low
1/30/2020	Pounds	472	478	472	476	Low
1/30/2020	Dollar	358	361	358	360	Low
1/30/2020	Euro	394	398	394	398	Low
1/29/2020	Pounds	472	476	472	476	Low
1/29/2020	Dollar	358	360	358	360	Low
1/29/2020	Euro	394	398	394	398	Low
1/28/2020	Pounds	472	476	472	476	Low
1/28/2020	Dollar	358	360	358	360	Low
1/28/2020	Euro	394	398	394	398	Low
1/27/2020	Pounds	473	476	473	476	Low
1/27/2020	Dollar	358	360	358	360	Low
1/27/2020	Euro	394	398	394	398	Low
1/24/2020	Pounds	474	478	474	478	Low
1/24/2020	Dollar	358	362	358	362	Low
1/24/2020	Euro	395	400	395	400	Low
1/23/2020	Pounds	474	478	474	478	Low
1/23/2020	Dollar	358	362	358	362	Low
1/23/2020	Euro	395	400	395	400	Low
1/22/2020	Pounds	474	478	474	478	Low
1/22/2020	Dollar	359	362	359	362	Low
1/22/2020	Euro	394	398	394	398	Low
1/21/2020	Pounds	473	477	475	479	Low
1/21/2020	Dollar	360	362	359	362	Low
1/21/2020	Euro	395	400	395	400	Low
1/20/2020	Pounds	473	477	473	477	Low
1/20/2020	Dollar	360	362	360	362	Low
1/20/2020	Euro	395	400	395	400	Low
1/17/2020	Pounds	473	477	473	477	Low
1/17/2020	Dollar	360	362	360	362	Low
1/17/2020	Euro	395	400	395	400	Low
1/16/2020	Pounds	457	480	474	477	Low
1/16/2020	Dollar	360	362	360	362	Low
1/16/2020	Euro	397	403	395	400	Low
1/15/2020	Pounds	475	480	475	480	Low
1/15/2020	Dollar	360	362	360	362	Low
1/15/2020	Euro	397	402	397	402	Low
1/14/2020	Pounds	470	475	474	480	Low
1/14/2020	Dollar	359	362	360	362	Low
1/14/2020	Euro	397	402	397	400	Low
1/13/2020	Pounds	470	477	470	475	Low
1/13/2020	Dollar	359	362	359	362	Low
1/13/2020	Euro	397	403	397	402	Low
01/10/2020	Pounds	470	475	470	475	Low
01/10/2020	Dollar	359	362	359	362	Low
01/10/2020	Euro	397	402	397	402	Low
01/09/2020	Pounds	470	475	470	475	Low
01/09/2020	Dollar	359	362	359	362	Low
01/09/2020	Euro	397	403	397	403	Low
01/08/2020	Pounds	470	475	470	475	Low
01/08/2020	Dollar	359	362	359	362	Low
01/08/2020	Euro	397	403	397	403	Low
01/07/2020	Pounds	470	477	470	477	Low
01/07/2020	Dollar	359	362	359	362	Low
01/07/2020	Euro	397	403	397	403	Low
01/06/2020	Pounds	468	473	470	477	Low
01/06/2020	Dollar	359	362	359	362	Low
01/06/2020	Euro	392	400	397	403	Low
01/03/2020	Pounds	468	473	468	473	Low
01/03/2020	Dollar	359	362	359	362	Low
01/03/2020	Euro	390	400	390	400	Low
01/02/2020	Pounds	467	473	467	473	Low
01/02/2020	Dollar	359	362	359	362	Low
01/02/2020	Euro	392	400	392	400	Low
12/24/2019	Pounds	468	474	468	474	Low
12/24/2019	Dollar	358	361	358	361	Low
12/24/2019	Euro	390	395	390	395	Low
12/23/2019	Pounds	474	478	474	478	Low
12/23/2019	Dollar	359	362	359	362	Low
12/23/2019	Euro	395	400	395	400	Low
12/20/2019	Pounds	474	480	474	480	Low
12/20/2019	Dollar	359	363	359	363	Low
12/20/2019	Euro	395	401	395	401	Low
12/19/2019	Pounds	472	480	472	480	Low
12/19/2019	Dollar	359	363	359	363	Low
12/19/2019	Euro	395	401	395	401	Low
12/18/2019	Pounds	472	480	472	480	Low
12/18/2019	Dollar	360	363	359	363	Low
12/18/2019	Euro	395	400	395	400	Low
12/17/2019	Pounds	470	477	472	477	Low
12/17/2019	Dollar	360	363	360	363	Low
12/17/2019	Euro	394	398	394	398	Low
12/16/2019	Pounds	470	475	470	477	Low
12/16/2019	Dollar	359	363	360	363	Low
12/16/2019	Euro	394	398	394	398	Low
12/13/2019	Pounds	470	480	470	476	Low
12/13/2019	Dollar	359	362	359	363	Low
12/13/2019	Euro	394	398	394	398	Low
12/12/2019	Pounds	464	472	464	472	Low
12/12/2019	Dollar	358	360	359	361	Low
12/12/2019	Euro	392	397	392	397	Low
12/11/2019	Pounds	463	470	464	472	Low
12/11/2019	Dollar	358	360	358	360	Low
12/11/2019	Euro	393	397	392	397	Low
12/10/2019	Pounds	462	468	463	470	Low
12/10/2019	Dollar	358	360	358	360	Low
12/10/2019	Euro	392	397	393	397	Low
12/09/2019	Pounds	462	468	462	468	Low
12/09/2019	Dollar	358	360	358	360	Low
12/09/2019	Euro	392	397	392	397	Low
12/06/2019	Pounds	462	467	463	468	Low
12/06/2019	Dollar	358	360	358	360	Low
12/06/2019	Euro	390	396	390	396	Low
12/05/2019	Pounds	462	467	462	467	Low
12/05/2019	Dollar	358	360	358	360	Low
12/05/2019	Euro	390	396	390	396	Low
12/04/2019	Pounds	460	466	460	466	Low
12/04/2019	Dollar	358	360	358	360	Low
12/04/2019	Euro	390	396	390	396	Low
12/03/2019	Pounds	460	465	460	465	Low
12/03/2019	Dollar	358	360	358	360	Low
12/03/2019	Euro	390	396	390	396	Low
12/02/2019	Pounds	460	466	460	465	Low
12/02/2019	Dollar	358	360	358	360	Low
12/02/2019	Euro	390	395	390	395	Low
11/29/2019	Pounds	462	466	462	466	Low
11/29/2019	Dollar	358	360	358	360	Low
11/29/2019	Euro	390	395	392	397	Low
11/28/2019	Pounds	462	467	462	466	Low
11/28/2019	Dollar	358	360	358	360	Low
11/28/2019	Euro	390	395	390	395	Low
11/27/2019	Pounds	460	465	462	467	Low
11/27/2019	Dollar	358	360	358	360	Low
11/27/2019	Euro	391	396	390	395	Low
11/26/2019	Pounds	462	466	462	466	Low
11/26/2019	Dollar	358	360	358	360	Low
11/26/2019	Euro	390	395	390	395	Low
11/25/2019	Pounds	460	465	462	466	Low
11/25/2019	Dollar	358	360	358	360	Low
11/25/2019	Euro	390	398	390	395	Low
11/22/2019	Pounds	460	464	460	465	Low
11/22/2019	Dollar	357	360	358	360	Low
11/22/2019	Euro	390	398	390	398	Low
11/21/2019	Pounds	460	464	460	464	Low
11/21/2019	Dollar	357	360	357	360	Low
11/21/2019	Euro	390	397	390	397	Low
11/20/2019	Pounds	460	464	460	464	Low
11/20/2019	Dollar	358	360	358	360	Low
11/20/2019	Euro	390	398	390	397	Low
11/19/2019	Pounds	460	465	460	464	Low
11/19/2019	Dollar	358	360	358	360	Low
11/19/2019	Euro	392	398	390	398	Low
11/18/2019	Pounds	458	464	460	465	Low
11/18/2019	Dollar	358	360	358	360	Low
11/18/2019	Euro	390	398	392	398	Low
11/15/2019	Pounds	458	464	458	464	Low
11/15/2019	Dollar	358	360	358	360	Low
11/15/2019	Euro	392	398	393	398	Low
11/14/2019	Pounds	458	464	458	464	Low
11/14/2019	Dollar	358	360	358	360	Low
11/14/2019	Euro	390	398	392	398	Low
11/13/2019	Pounds	460	465	458	464	Low
11/13/2019	Dollar	358	360	358	360	Low
11/13/2019	Euro	392	398	392	398	Low
11/12/2019	Pounds	460	465	460	465	Low
11/12/2019	Dollar	358	360	358	360	Low
11/12/2019	Euro	394	399	394	399	Low
11/08/2019	Pounds	458	463	460	465	Low
11/08/2019	Dollar	358	360	358	360	Low
11/08/2019	Euro	393	398	394	400	Low
11/06/2019	Pounds	458	463	458	464	Low
11/06/2019	Dollar	357	360	357	360	Low
11/06/2019	Euro	393	400	393	400	Low
11/05/2019	Pounds	458	463	458	463	Low
11/05/2019	Dollar	357	360	357	360	Low
11/05/2019	Euro	393	400	393	400	Low
11/04/2019	Pounds	458	463	458	463	Low
11/04/2019	Dollar	357	360	357	360	Low
11/04/2019	Euro	392	400	393	400	Low
11/01/2019	Pounds	458	463	458	463	Low
11/01/2019	Dollar	358	360	358	360	Low
11/01/2019	Euro	393	400	394	400	Low
10/31/2019	Pounds	460	464	458	463	Low
10/31/2019	Dollar	358	360	358	360	Low
10/31/2019	Euro	395	400	393	400	Low
10/30/2019	Pounds	457	463	457	463	Low
10/30/2019	Dollar	358	360	358	360	Low
10/30/2019	Euro	395	400	395	400	Low
10/29/2019	Pounds	457	463	457	463	Low
10/29/2019	Dollar	358	360	358	360	Low
10/29/2019	Euro	395	400	395	400	Low
10/28/2019	Pounds	457	462	457	463	Low
10/28/2019	Dollar	358	360	358	360	Low
10/28/2019	Euro	396	402	395	400	Low
10/25/2019	Pounds	457	463	457	462	Low
10/25/2019	Dollar	358	360	358	360	Low
10/25/2019	Euro	396	403	396	402	Low
10/24/2019	Pounds	457	462	457	463	Low
10/24/2019	Dollar	358	360	358	360	Low
10/24/2019	Euro	396	403	396	403	Low
10/23/2019	Pounds	457	463	457	462	Low
10/23/2019	Dollar	358	360	358	360	Low
10/23/2019	Euro	397	403	396	403	Low
10/22/2019	Pounds	455	460	457	463	Low
10/22/2019	Dollar	358	360	358	360	Low
10/22/2019	Euro	395	402	397	403	Low
10/21/2019	Pounds	450	455	450	455	Low
10/21/2019	Dollar	358	360	358	360	Low
10/21/2019	Euro	387	395	390	397	Low
10/18/2019	Pounds	446	453	446	453	Low
10/18/2019	Dollar	358	360	358	360	Low
10/18/2019	Euro	387	393	387	393	Low
10/17/2019	Pounds	445	450	446	452	Low
10/17/2019	Dollar	358	360	358	360	Low
10/17/2019	Euro	387	392	387	393	Low
10/16/2019	Pounds	445	452	445	450	Low
10/16/2019	Dollar	358	360	358	360	Low
10/16/2019	Euro	387	395	387	392	Low
10/15/2019	Pounds	445	450	445	452	Low
10/15/2019	Dollar	357	360	358	360	Low
10/15/2019	Euro	385	390	385	390	Low
10/14/2019	Pounds	445	450	445	450	Low
10/14/2019	Dollar	358	360	357	360	Low
10/14/2019	Euro	384	390	385	390	Low
10/11/2019	Pounds	445	450	445	450	Low
10/11/2019	Dollar	358	360	358	360	Low
10/11/2019	Euro	384	390	384	390	Low
10/10/2019	Pounds	445	450	445	450	Low
10/10/2019	Dollar	357	360	357	360	Low
10/10/2019	Euro	386	390	384	390	Low
10/09/2019	Pounds	445	453	445	450	Low
10/09/2019	Dollar	357	360	357	360	Low
10/09/2019	Euro	390	395	386	390	Low
10/08/2019	Pounds	448	453	445	453	Low
10/08/2019	Dollar	357	360	357	360	Low
10/08/2019	Euro	390	395	390	395	Low
10/07/2019	Pounds	448	453	448	453	Low
10/07/2019	Dollar	358	360	358	360	Low
10/07/2019	Euro	392	396	390	395	Low
10/04/2019	Pounds	450	454	448	453	Low
10/04/2019	Dollar	358	360	358	360	Low
10/04/2019	Euro	392	397	392	396	Low
10/03/2019	Pounds	450	454	450	454	Low
10/03/2019	Dollar	358	360	358	360	Low
10/03/2019	Euro	392	397	392	397	Low
10/02/2019	Pounds	450	453	450	453	Low
10/02/2019	Dollar	358	360	358	360	Low
10/02/2019	Euro	392	397	392	397	Low
9/30/2019	Pounds	445	450	450	453	Low
9/30/2019	Dollar	358	360	358	360	Low
9/30/2019	Euro	392	397	392	397	Low
9/27/2019	Pounds	446	452	445	450	Low
9/27/2019	Dollar	357	360	358	360	Low
9/27/2019	Euro	392	396	392	397	Low
9/26/2019	Pounds	445	450	445	450	Low
9/26/2019	Dollar	357	360	357	360	Low
9/26/2019	Euro	390	395	392	396	Low
9/25/2019	Pounds	444	449	445	450	Low
9/25/2019	Dollar	357	360	357	360	Low
9/25/2019	Euro	390	394	390	395	Low
9/24/2019	Pounds	445	448	445	449	Low
9/24/2019	Dollar	357	360	357	360	Low
9/24/2019	Euro	390	395	390	395	Low
9/23/2019	Pounds	445	450	445	450	Low
9/23/2019	Dollar	357	360	357	360	Low
9/23/2019	Euro	392	395	392	396	Low
9/20/2019	Pounds	443	446	445	450	Low
9/20/2019	Dollar	357	360	357	360	Low
9/20/2019	Euro	392	395	392	395	Low
9/19/2019	Pounds	442	446	443	446	Low
9/19/2019	Dollar	357	360	357	360	Low
9/19/2019	Euro	390	395	391	394	Low
9/18/2019	Pounds	442	447	440	446	Low
9/18/2019	Dollar	357	360	357	360	Low
9/18/2019	Euro	390	395	390	395	Low
9/17/2019	Pounds	445	448	444	447	Low
9/17/2019	Dollar	358	360	358	360	Low
9/17/2019	Euro	394	398	393	397	Low
9/16/2019	Pounds	445	450	445	450	Low
9/16/2019	Dollar	357	360	357	360	Low
9/16/2019	Euro	394	400	394	400	Low
9/13/2019	Pounds	445	450	445	450	Low
9/13/2019	Dollar	357	360	357	360	Low
9/13/2019	Euro	394	398	394	398	Low
09/12/2019	Pounds	440	445	445	450	Low
09/12/2019	Dollar	357	360	357	360	Low
09/12/2019	Euro	393	398	394	398	Low
09/11/2019	Pounds	440	446	440	446	Low
09/11/2019	Dollar	358	360	358	360	Low
09/11/2019	Euro	392	395	392	398	Low
09/10/2019	Pounds	437	450	440	446	Low
09/10/2019	Dollar	356	360	358	360	Low
09/10/2019	Euro	388	397	392	395	Low
09/09/2019	Pounds	440	444	440	445	Low
09/09/2019	Dollar	358	360	358	360	Low
09/09/2019	Euro	390	396	390	395	Low
09/06/2019	Pounds	440	444	440	444	Low
09/06/2019	Dollar	358	360	358	360	Low
09/06/2019	Euro	392	398	390	396	Low
09/05/2019	Pounds	440	444	440	444	Low
09/05/2019	Dollar	357	360	358	360	Low
09/05/2019	Euro	392	398	392	397	Low
09/04/2019	Pounds	440	443	440	444	Low
09/04/2019	Dollar	357	360	358	360	Low
09/04/2019	Euro	392	398	392	397	Low
09/03/2019	Pounds	438	443	438	443	Low
09/03/2019	Dollar	357	360	357	360	Low
09/03/2019	Euro	392	397	392	398	Low
09/02/2019	Pounds	437	445	438	443	Low
09/02/2019	Dollar	357	360	357	360	Low
09/02/2019	Euro	391	396	392	397	Low
30/08/2019	Pounds	442	448	440	445	Low
30/08/2019	Dollar	358	360	358	360	Low
30/08/2019	Euro	392	398	395	398	Low
29/08/2019	Pounds	440	446	442	448	Low
29/08/2019	Dollar	358	360	358	360	Low
29/08/2019	Euro	392	398	392	398	Low
28/08/2019	Pounds	444	450	440	445	Low
28/08/2019	Dollar	358	360	358	360	Low
28/08/2019	Euro	392	396	392	398	Low
27/08/2019	Pounds	444	450	444	450	Low
27/08/2019	Dollar	358	360	358	360	Low
27/08/2019	Euro	394	400	393	398	Low
26/08/2019	Pounds	442	447	443	448	Low
26/08/2019	Dollar	358	360	358	360	Low
26/08/2019	Euro	392	397	393	397	Low
23/08/2019	Pounds	440	445	440	445	Low
23/08/2019	Dollar	358	360	358	360	Low
23/08/2019	Euro	390	397	390	397	Low
22/08/2019	Pounds	445	450	440	445	Low
22/08/2019	Dollar	357	359	358	360	Low
22/08/2019	Euro	393	398	390	397	Low
21/08/2019	Pounds	447	452	445	450	Low
21/08/2019	Dollar	358	360	357	359	Low
21/08/2019	Euro	392	398	393	398	Low
20/08/2019	Pounds	450	455	447	452	Low
20/08/2019	Dollar	358	360	358	360	Low
20/08/2019	Euro	395	400	392	398	Low
19/08/2019	Pounds	450	455	450	455	Low
19/08/2019	Dollar	358	360	358	360	Low
19/08/2019	Euro	395	400	395	400	Low
16/08/2019	Pounds	451	455	450	455	Low
16/08/2019	Dollar	357	360	358	360	Low
16/08/2019	Euro	397	402	395	400	Low
15/08/2019	Pounds	450	455	451	455	Low
15/08/2019	Dollar	357	360	357	360	Low
15/08/2019	Euro	398	403	397	402	Low
14/08/2019	Pounds	450	455	450	455	Low
14/08/2019	Dollar	357	360	357	360	Low
14/08/2019	Euro	398	403	398	403	Low
09/08/2019	Pounds	450	455	450	455	Low
09/08/2019	Dollar	357	360	357	360	Low
09/08/2019	Euro	398	404	398	403	Low
08/08/2019	Pounds	450	455	450	455	Low
08/08/2019	Dollar	357	360	357	360	Low
08/08/2019	Euro	398	403	398	404	Low
07/08/2019	Pounds	453	458	450	455	Low
07/08/2019	Dollar	357	360	357	360	Low
07/08/2019	Euro	398	403	398	403	Low
06/08/2019	Pounds	457	460	452	458	Low
06/08/2019	Dollar	358	360	357	360	Low
06/08/2019	Euro	400	404	400	403	Low
05/08/2019	Pounds	458	462	457	461	Low
05/08/2019	Dollar	358	360	358	360	Low
05/08/2019	Euro	400	405	400	405	Low
02/08/2019	Pounds	458	462	458	462	Low
02/08/2019	Dollar	358	360	358	360	Low
02/08/2019	Euro	400	405	400	405	Low
01/08/2019	Pounds	458	462	458	462	Low
01/08/2019	Dollar	358	360	358	360	Low
01/08/2019	Euro	402	405	402	405	Low
31/07/2019	Pounds	458	463	458	463	Low
31/07/2019	Dollar	358	360	358	360	Low
31/07/2019	Euro	403	407	403	407	Low
30/07/2019	Pounds	458	463	458	463	Low
30/07/2019	Dollar	358	360	358	360	Low
30/07/2019	Euro	403	407	403	407	Low
29/07/2019	Pounds	458	461	458	463	Low
29/07/2019	Dollar	358	360	358	360	Low
29/07/2019	Euro	402	406	403	407	Low
26/07/2019	Pounds	459	463	458	461	Low
26/07/2019	Dollar	358	361	358	360	Low
26/07/2019	Euro	403	406	401	405	Low
25/07/2019	Pounds	459	463	459	463	Low
25/07/2019	Dollar	358	361	358	361	Low
25/07/2019	Euro	403	407	403	406	Low
24/07/2019	Pounds	459	463	459	463	Low
24/07/2019	Dollar	358	361	358	361	Low
24/07/2019	Euro	404	407	403	407	Low
23/07/2019	Pounds	460	464	459	463	Low
23/07/2019	Dollar	359	361	358	361	Low
23/07/2019	Euro	406	410	404	407	Low
22/07/2019	Pounds	459	463	459	463	Low
22/07/2019	Dollar	358	360	359	361	Low
22/07/2019	Euro	406	410	406	410	Low
19/07/2019	Pounds	459	463	459	463	Low
19/07/2019	Pounds	358	360	358	360	Low
19/07/2019	Pounds	406	410	406	410	Low
18/07/2019	Pounds	458	462	459	463	Low
18/07/2019	Dollar	358	360	358	360	Low
18/07/2019	Euro	403	407	406	410	Low
17/07/2019	Pounds	458	462	458	462	Low
17/07/2019	Dollar	358	360	358	360	Low
17/07/2019	Euro	403	407	403	407	Low
16/07/2019	Pounds	460	463	458	462	Low
16/07/2019	Dollar	359	361	358	360	Low
16/07/2019	Euro	405	408	403	407	Low
13/07/2019	Pounds	460	464	460	463	Low
13/07/2019	Dollar	359	361	359	361	Low
13/07/2019	Euro	405	410	405	408	Low
12/07/2019	Pounds	458	463	460	464	Low
12/07/2019	Dollar	359	361	359	361	Low
12/07/2019	Euro	404	407	405	410	Low
11/07/2019	Pounds	458	463	458	462	Low
11/07/2019	Dollar	359	362	359	361	Low
11/07/2019	Euro	402	407	405	410	Low
10/07/2019	Pounds	458	463	458	463	Low
10/07/2019	Dollar	359	361	358	361	Low
10/07/2019	Euro	401	406	402	405	Low
09/07/2019	Pounds	458	465	457	465	Low
09/07/2019	Dollar	359	362	359	362	Low
09/07/2019	Euro	401	405	402	405	Low
08/07/2019	Pounds	458	463	460	465	Low
08/07/2019	Dollar	359	362	359	362	Low
08/07/2019	Euro	401	405	401	405	Low
05/07/2019	Pounds	458	463	458	463	Low
05/07/2019	Dollar	359	362	359	362	Low
05/07/2019	Euro	401	405	401	405	Low
04/07/2019	Pounds	458	463	458	463	Low
04/07/2019	Dollar	359	362	359	362	Low
04/07/2019	Euro	401	405	400	405	Low
03/07/2019	Pounds	458	464	458	463	Low
03/07/2019	Dollar	359	361	359	362	Low
03/07/2019	Euro	401	405	401	405	Low
02/07/2019	Pounds	458	462	458	463	Low
02/07/2019	Dollar	359	361	359	361	Low
02/07/2019	Euro	398	402	400	404	Low
01/07/2019	Pounds	458	462	458	462	Low
01/07/2019	Dollar	358	360	359	361	Low
01/07/2019	Euro	400	403	398	403	Low
28/06/2019	Pounds	457	460	457	462	Low
28/06/2019	Dollar	358	360	358	360	Low
28/06/2019	Euro	398	402	400	403	Low
27/06/2019	Pounds	458	462	458	462	Low
27/06/2019	Dollar	358	360	358	360	Low
27/06/2019	Euro	398	402	398	402	Low
26/06/2019	Pounds	458	463	458	462	Low
26/06/2019	Dollar	358	360	358	360	Low
26/06/2019	Euro	398	402	400	403	Low
25/06/2019	Pounds	458	464	458	464	Low
25/06/2019	Dollar	358	361	358	361	Low
25/06/2019	Euro	400	403	398	402	Low
24/06/2019	Pounds	458	464	460	465	Low
24/06/2019	Dollar	358	361	359	361	Low
24/06/2019	Euro	398	402	398	403	Low
21/06/2019	Pounds	460	465	458	464	Low
21/06/2019	Dollar	358	361	358	361	Low
21/06/2019	Euro	398	402	398	402	Low
20/06/2019	Pounds	460	465	468	462	Low
20/06/2019	Dollar	358	361	358	361	Low
20/06/2019	Euro	398	402	400	403	Low
19/06/2019	Pounds	460	465	460	465	Low
19/06/2019	Dollar	358	361	358	361	Low
19/06/2019	Euro	398	401	398	402	Low
18/06/2019	Pounds	460	465	462	465	Low
18/06/2019	Dollar	359	361	358	361	Low
18/06/2019	Euro	400	403	400	405	Low
17/06/2019	Pounds	462	467	462	468	Low
17/06/2019	Dollar	358	361	358	361	Low
17/06/2019	Euro	400	404	400	404	Low
14/06/2019	Pounds	426	467	426	467	Low
14/06/2019	Dollar	358	361	358	361	Low
14/06/2019	Euro	400	404	400	404	Low
13/06/2019	Pounds	467	471	462	467	Low
13/06/2019	Dollar	358	361	358	361	Low
13/06/2019	Euro	400	404	400	404	Low
12/06/2019	Pounds	468	471	467	471	Low
12/06/2019	Dollar	358	361	358	361	Low
12/06/2019	Euro	400	404	400	404	Low
11/06/2019	Pounds	465	470	467	471	Low
11/06/2019	Dollar	358	361	359	361	Low
11/06/2019	Euro	400	403	399	402	Low
10/06/2019	Pounds	468	472	468	472	Low
10/06/2019	Dollar	358	361	358	361	Low
10/06/2019	Euro	404	400	400	404	Low
07/06/2019	Pounds	469	473	467	471	Low
07/06/2019	Dollar	358	361	358	360	Low
07/06/2019	Euro	400	403	398	402	Low
06/06/2019	Pounds	468	472	465	470	Low
06/06/2019	Dollar	358	360	358	361	Low
06/06/2019	Euro	398	402	403	400	Low
03/06/2019	Pounds	468	472	468	472	Low
03/06/2019	Dollar	358	360	358	361	Low
03/06/2019	Euro	398	402	398	402	Low
31/05/2019	Pounds	465	470	470	474	Low
31/05/2019	Dollar	358	360	358	360	Low
31/05/2019	Euro	397	402	400	403	Low
30/05/2019	Pounds	470	474	470	474	Low
30/05/2019	Dollar	358	360	358	360	Low
30/05/2019	Euro	400	403	400	403	Low
28/05/2019	Pounds	470	474	470	474	Low
28/05/2019	Dollar	358	360	358	360	Low
28/05/2019	Euro	400	403	400	403	Low
27/05/2019	Pounds	470	474	470	474	Low
27/05/2019	Dollar	358	360	358	360	Low
27/05/2019	Euro	400	403	400	404	Low
24/05/2019	Pounds	470	474	470	474	Low
24/05/2019	Dollar	358	360	358	360	Low
24/05/2019	Euro	400	405	400	405	Low
23/05/2019	Pounds	470	474	472	475	Low
23/05/2019	Dollar	358	360	358	360	Low
23/05/2019	Euro	400	405	400	405	Low
22/05/2019	Pounds	472	475	472	475	Low
22/05/2019	Dollar	358	350	358	360	Low
22/05/2019	Euro	400	405	400	405	Low
21/05/2019	Pounds	472	475	472	473	Low
21/05/2019	Dollar	358	360	358	360	Low
21/05/2019	Euro	400	405	400	405	Low
20/05/2019	Pounds	472	475	472	475	Low
20/05/2019	Dollar	358	360	358	360	Low
20/05/2019	Euro	400	405	400	405	Low
17/05/2019	Pounds	472	475	472	475	Low
17/05/2019	Dollar	358	360	358	360	Low
17/05/2019	Euro	400	405	400	404	Low
16/05/2019	Pounds	472	475	472	475	Low
16/05/2019	Dollar	358	360	358	360	Low
16/05/2018	Euro	400	404	400	404	Low
15/05/2019	Pounds	470	475	470	475	Low
15/05/2019	Dollar	358	360	358	360	Low
15/05/2019	Euro	400	404	400	404	Low
13/05/2019	Pounds	470	475	470	475	Low
13/05/2019	Dollar	358	360	358	360	Low
13/05/2019	Euro	400	404	400	405	Low
10/05/2019	Pounds	470	475	470	475	Low
10/05/2019	Dollar	358	360	358	360	Low
10/05/2019	Euro	400	405	400	405	Low
09/05/2019	Pounds	470	475	470	475	Low
09/05/2019	Dollar	358	360	358	360	Low
09/05/2019	Euro	400	405	400	405	Low
29/04/2019	Pounds	470	475	470	475	Low
29/04/2019	Dollar	358	360	358	360	Low
29/04/2019	Euro	400	405	400	405	Low
26/04/2019	Pounds	470	475	470	475	Low
26/04/2019	Dollar	358	360	358	360	Low
26/04/2019	Euro	400	405	400	405	Low
25/04/2019	Pounds	470	475	470	475	Low
25/04/2019	Dollar	358	360	358	360	Low
25/04/2019	Euro	400	405	400	405	Low
24/04/2019	Pounds	470	475	472	476	Low
24/04/2019	Dollar	358	360	358	360	Low
24/04/2019	Euro	400	405	400	405	Low
23/04/2019	Pounds	474	478	472	476	Low
23/04/2019	Dollar	355	360	358	360	Low
23/04/2019	Euro	390	402	400	405	Low
22/04/2019	Pounds	472	476	472	476	Low
22/04/2019	Dollar	357	360	358	360	Low
22/04/2019	Euro	400	405	400	405	Low
19/04/2019	Pounds	467	471	470	475	Low
19/04/2019	Dollar	355	360	357	360	Low
19/04/2019	Euro	395	400	402	406	Low
18/04/2019	Pounds	470	475	470	475	Low
18/04/2019	Dollar	357	360	357	360	Low
18/04/2019	Euro	402	406	402	406	Low
17/04/2019	Pounds	470	475	470	475	Low
17/04/2019	Dollar	357	360	357	360	Low
17/04/2019	Euro	402	406	402	406	Low
16/04/2019	Pounds	465	470	470	475	Low
16/04/2019	Dollar	360	365	357	360	Low
16/04/2019	Euro	400	405	402	405	Low

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.

Currencies

Why exchange rate disparity remains high despite CBN’s intervention

Despite the intervention measures by the CBN, why does the disparity between the official and black-market rates remain high?

Published

16 hours ago

October 30, 2020

Chike Olisah

Why exchange rate disparity remains high despite CBN’s intervention

The Nigerian economy has been faced with serious foreign exchange crisis since the first quarter of the year, with severe pressure on the nation’s foreign exchange market and external reserve. The local currency is under the grip of tough external pressure, characterized by internal foreign exchange shortages and consistently high black-market rates. This has led to a high disparity between the official exchange rate and black-market rate.

The undesired situation is attributable to the crash in crude oil prices, triggered by the coronavirus pandemic that has impacted negatively on the global economy. The plunging oil prices have increased the pressure on the naira, as about 90% of Nigeria’s foreign exchange earnings is from crude oil exports.

READ: Nigerian’s should expect “a significant devaluation” to N550/$1 – Goldman Sachs

Bank of Africa analysts, Rukayat Yusuf and Andrew MacFarlane, in its Global Bank’s latest report on Nigeria’s forex unification and shortages, said that Nigeria’s current foreign exchange pressure is likely to gain momentum in 2021, as the economy and imports recovery will trigger a future adjustment of the nation’s currency to N430/$1 next year.

Recall that despite several initial denials by the Central Bank of Nigeria (CBN), in response to the devastating impact of the coronavirus pandemic and oil shocks; the apex bank on March 20, 2020, devalued the exchange rate from N307/$1 to N360/$1. This was followed with the suspension of sales of foreign currency to the Bureau De Change operators on March 27, 2020, in the face of depleting external reserves.

READ: CBN injects fresh $51.8m into FX Markets

In a move viewed as attempts by the CBN to unify the exchange rate, the apex bank further devalued the naira on August 6, 2020, from N360/$1 to N380/$1 on the official window and closed the gap with the parallel market – which is the unofficial market. The huge exchange rate gap has made round-tripping very lucrative and encouraged hoarding amongst forex dealers.

Goldman Sachs analysts had earlier predicted that the exchange rate will dip to N500 to $1 in the face of rising inflation and declining external reserves. The wide gap between the official and unofficial rates is seen by analysts as an indication of increasing pressure on the forex market and dollar shortages, which the CBN is trying to contain with several policies targeted at reducing the demand for the greenback, conserve the scarce foreign exchange, and help boost dollar supply in the market.

READ: CBN announces resumption of sales of forex to BDC

Some of these policies include:

Resumption of sales of dollars to the Bureau De Change Operators and mandating them to sell at not more than N386 to a dollar.
Removal of third parties from buying forex routed through Form M.
Clampdown on exporters who refuse to repatriate their export proceeds to Nigeria.
Restriction on forex allocation to importers of maize by the Deposit Money Banks (DMBs).

READ: Nigeria’s inflation rate hits 13.71% as food prices soar

However, despite some of these measures by the CBN, the disparity between the official and black-market rates still remain as high as almost N70. So, the question is why the huge gap? Especially, with the resumption of dollar sales to the BDCs.

READ: COVID-19: How CBN policies helped prevent the collapse of the Nigerian economy – Oscar Onyema

Some analysts and stakeholders have complained that the measures are hurting business operations and pushed more demands to the parallel market. They believe it has encouraged hoarding and speculations to continue thriving; thereby, making it difficult to reduce the black-market rate.

What they are saying

While expressing his view on why the exchange rate disparity is still high, despite the resumption of dollar sales to BDCs; the President of Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadebe, said the impact of the resumption of sales of foreign exchange to BDCs is expected to be gradual.

READ: Naira gains across the forex markets as dollar supply rises sharply by 201%

Gwadebe said, “Firstly, the impact is gradual. You know there was a time when the dollar reached N500/$1. N474, N480 to a dollar was when there were other interventions in the market. As soon as the news of the resumption of sales to Bureau De Change broke, we witnessed the dollar going for as low as N420, N430 to a dollar. However, after taking off, the rate is now N460, which is the parallel market rate.

“Don’t forget there is a huge backlog and every other buyer – authorized or unauthorized, queued in the parallel market. So, the pressure is on the parallel market from manufacturers and existing investors. In fact, the most unfortunate behavior is hoarding and speculation.’’

READ: Ethereum whales move over $50 million of Ether to Uniswap

The ABCON President noted that people hoard and speculate when liquidity is low in the retail sector of the market. He pointed out that, although the liquidity is gradual, the rebound is expected to continue gradually.

Gwadebe said the role of the BDCs is to provide liquidity in the retail end of the market, which is what the CBN is empowering the BDCs to do and a key reason the rate has improved from the record high of about N480/$1.

Explore the Advanced Financial Calculators on Nairametrics

He noted that the resumption of sales of dollars to BDCs is discouraging frivolous demands, adding liquidity into the system, aiding return of confidence and stability in the market.

He reiterated that the BDCs remain the only threat to hoarding and speculation, while expressing satisfaction that the reserve is growing and will increase the confidence of investors.

Currencies

U.S dollar up, U.S GDP expands at record 33.1%

Investors selling out other G7 currencies and increasing their buying pressure on the U.S dollar.

Published

1 day ago

October 29, 2020

Olumide Adesina

The US dollar remains king, U.S dollar gains against major currencies, America threatens China with sanctions., U.S dollar slumps against major currencies, investors become optimistic about global demand, U.S Dollar Stands Firm, Foreign Exchange Traders Remain Neutral

The world’s safe-haven currency, the U.S dollar is enjoying a robust trading session, amid impressive data coming from the world’s largest economy, as investors are selling out other G7 currencies and increasing their buying pressure on the U.S dollar.

READ: U.S dollar drops, low U.S interest rates expected to persist for long

What we know

At the time of writing, the U.S dollar index – used to track the U.S dollar strength against 6 major currencies was up by 0.6%.

The world’s largest economy bounced incredibly well with a record – yet temporary surge of growth in Q3, as companies restarted and stimulus cash triggered more consumer spending – reversing fears coming from some quarters that the U.S economy was on the brink of collapsing amid surging COVID-19 crisis.

Explore some Advanced Financial Calculators on Nairametrics

U.S GDP grew 7.4% from the prior period, a quarterly rise that equals an annualized pace of 33.1%, as seen from the U.S Commerce Department’s initial estimate released today.
The data beat leading economists’ estimates for a 32% increase, which was already well above prediction three months ago for an 18% surge. Personal spending fueled the surge in growth, climbing an annualized 40.7% – also a record, while business investment and housing also posted strong increases.

READ: Credit to Nigerian economy falls to N38.67 trillion

Quick fact

The US Dollar Index tracks the American dollar against other major currencies such as the Japanese Yen, British Pound Sterling, Swedish Krona, the Euro, and more.

Individuals hoping to meet foreign exchange payment obligations, via dollar transactions to European countries, and Japan, would need fewer US dollars in meeting such obligations.

READ: Investors on rampage as Ethereum posts 10.3% gain

What they are saying

Stephen Innes, Chief Global Market Strategist at Axi, also spoke on key issues prevailing in the safe-haven currency market

“The US dollar is trading a bit firmer today as European and US equities fall on concerns over rising COVID-19 cases on both sides of the Atlantic.

“But it’s the laundry list of worries, be it pre-election caution, US Congress failure to launch (stimulus) or France and Germany lockdown concerns, risk aversion demand for the greenback is nothing new.

“Under these conditions, the US dollar tends to shine bright as the cleanest shirt in that dirty laundry list.”

Why the US dollar rallies higher

In spite of the world’s largest economy having a surge in COVID-19 caseloads, forex traders believe that the US recent data has now shown that the world’s largest economy is in good shape and recent price action showed an oversold signal in the past few days.

This means that any time the value of the safe-haven currency drops below the 93.00 support level, traders increase their long positions.