Currencies

Manufacturers declare support for unification of exchange rate

Ahmed urged the CBN to tackle activities that made speculators manipulate the multiple exchange rates.

Published

1 month ago

July 10, 2020

William Ukpe

CBN unification of exchange rate a welcome development-MAN

The President of the Manufacturers Association of Nigeria (MAN), Mr Mansur Ahmed, announced on Friday that the recent CBN unification of Nigeria’s exchange rate is a welcome development that will boost investor confidence in Nigeria.

He said the exchange rate unification will enable stable planned production for manufacturers in Nigeria leading to economic growth, adding that the Manufacturers Association had urged for an exchange rate unification to enable a market-friendly business environment in Nigeria.

“Clearly, this is a welcome development and a laudable initiative that has come at the right time. This is more so, particularly, now that the economic outlook is gloomy in light of the impact of the ravaging COVID-19 pandemic that has culminated in uninspiring macroeconomic situations,” he said.

He revealed that the World Bank had attributed Nigeria’s falling Foreign Direct Investment (FDI) to the multiple exchange rates as investors felt a “manipulation of the foreign exchange market.”

“The unification will also boost investors’ confidence, control rising inflation, and promote transparency, entrench better exchange rate management and eradicate distortions to the barest minimum,” he added.

He urged the CBN to tackle activities that made speculators manipulate the multiple rates like “round-tripping” which he says expand the inflows of foreign investment into the economy.

He called on the Central Bank to implement 2 strategies to ensure a smooth transition into a unified exchange rate system.

Explore Economic Research Data From Nairametrics on Nairalytics

“The first is to limit the short-term pains until efficiency gains materialize by responding swiftly with an inward-oriented rescue guideline while the second should seek to boost the pace at which such efficiency gains materialize,” he said.

He advised, it’s necessary the CBN “submit all the instruments of exchange rate determination” towards a free-market approach.

Related Topics:CBN Foreign Direct Investment FDI Manufacturers Association of Nigeria (MAN)Mr Mansur Ahmed World Bank

William Ukpe

Click to comment

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

Currencies

Daily Parallel Market exchange rate – ₦475/$1

The US dollar stands at ₦475/US$1 in the parallel market

Published

4 hours ago

August 14, 2020

Samuel Oyekanmi

Forex, NIGERIA: Daily Parallel Market, Exchange Rate

The exchange rate between the naira and the US dollar as of Friday, August 14th 2020 stands at ₦475/US$1 in the parallel market. The exchange rate also closed at ₦475/US$1 on Thursday 13th August 2020.

Naira: ₦475
Dollar: $1
Date: August 14th, 2020

The exchange rate between the naira and the British pound sterling stands at ₦580/₤1 on Friday 14th August as against ₦575/₤1 recorded on Thursday 13th August 2020.

Naira: ₦575
Pounds Sterling: ₤1
Date: August 14th, 2020

Explore Economic Research Data From Nairametrics on Nairalytics

The exchange rate between the naira and the European euro stands at ₦535/€1 on Friday 14th August 2020. The exchange rate closed at ₦530/€1 on Thursday 13th August 2020.

Naira: ₦535
Euro: €1
Date: August 14th, 2020

Activity: USD currently sells for an average of ₦475/US$1 in the parallel market

Date	Currency	Buy(AM)	Sell(AM)	Buy(PM)	Sell(PM)	Volatility
8/14/2020	Dollar	470	475
8/14/2020	Pounds	570	580
8/14/2020	Euro	525	535
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
8/12/2020	Dollar	470	475	470	475	Low
8/12/2020	Pounds	570	575	570	575	Low
8/12/2020	Euro	520	530	520	530	Low
8/11/2020	Dollar	477	485	477	485	Low
8/11/2020	Pounds	572	584	572	584	Low
8/11/2020	Euro	510	523	520	535	Low
8/10/2020	Dollar	477	485	477	485	Low
8/10/2020	Pounds	572	584	572	584	Low
8/10/2020	Euro	510	523	520	535	High
8/7/2020	Dollar	475	486	475	486	Low
8/7/2020	Pounds	578	585	578	585	Low
8/7/2020	Euro	536	550	536	550	Low
8/6/2020	Dollar	470	480	475	486	Low
8/6/2020	Pounds	575	587	578	585	Low
8/6/2020	Euro	534	545	536	550	Low
8/5/2020	Dollar	465	475	473	483	Low
8/5/2020	Pounds	570	580	575	587	Low
8/5/2020	Euro	525	540	532	545	Low
8/4/2020	Dollar	470	480	470	480	Low
8/4/2020	Pounds	560	570	560	570	Low
8/4/2020	Euro	520	530	520	530	Low
8/3/2020	Dollar	470	480	470	480	Low
8/3/2020	Pounds	560	570	560	570	Low
8/3/2020	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
7/10/2020	Dollar	453	460	458	465	Low
7/10/2020	Pounds	520	525	550	555	High
7/10/2020	Euro	465	467	510	520	High
7/9/2020	Dollar	455	461	455	463	Low
7/9/2020	Pounds	550	558	550	562	Low
7/9/2020	Euro	495	504	498	505	Low
7/8/2020	Dollar	455	461	455	461	Low
7/8/2020	Pounds	550	558	550	558	Low
7/8/2020	Euro	495	504	495	504	Low
7/7/2020	Dollar	455	461	455	461	Low
7/7/2020	Pounds	550	558	550	558	Low
7/7/2020	Euro	495	502	495	502	Low
7/6/2020	Dollar	455	462	455	461	Low
7/6/2020	Pounds	550	562	547	555	Low
7/6/2020	Euro	495	502	496	502	Low
7/3/2020	Dollar	455	462	454	461	Low
7/3/2020	Pounds	548	560	550	560	Low
7/3/2020	Euro	495	505	495	502	Low
7/2/2020	Dollar	455	462	454	461	Low
7/2/2020	Pounds	548	560	550	560	Low
7/2/2020	Euro	495	505	495	502	Low
7/1/2020	Dollar	455	462	455	462	Low
7/1/2020	Pounds	548	560	548	560	Low
7/1/2020	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
6/12/2020	Dollar	440	450	440	450	Low
6/12/2020	Pounds	538	550	538	550	Low
6/12/2020	Euro	470	485	470	485	Low
6/11/2020	Pounds	538	550	538	550	Low
6/11/2020	Dollar	440	450	440	450	Low
6/11/2020	Euro	470	485	470	485	Low
6/10/2020	Pounds	538	550	540	553	Low
6/10/2020	Dollar	440	450	445	452	Low
6/10/2020	Euro	470	485	475	490	Low
6/9/2020	Pounds	538	550	540	550	Low
6/9/2020	Dollar	440	450	440	450	Low
6/9/2020	Euro	470	485	475	485	Low
6/8/2020	Pounds	540	550	540	550	Low
6/8/2020	Dollar	440	450	440	450	Low
6/8/2020	Euro	475	485	475	485	Low
6/5/2020	Pounds	535	545	535	545	Low
6/5/2020	Dollar	440	450	440	450	Low
6/5/2020	Euro	460	472	460	472	Low
6/4/2020	Pounds	530	543	530	543	Low
6/4/2020	Dollar	440	447	440	447	Low
6/4/2020	Euro	460	470	460	470	Low
6/3/2020	Pounds	530	540	530	540	Low
6/3/2020	Dollar	440	445	440	445	Low
6/3/2020	Euro	460	470	460	470	Low
6/2/2020	Pounds	535	545	535	545	Low
6/2/2020	Dollar	440	450	440	450	Low
6/2/2020	Euro	460	472	460	472	Low
6/1/2020	Pounds	530	543	530	543	Low
6/1/2020	Dollar	440	447	440	447	Low
6/1/2020	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
5/12/2020	Pounds	525	535	525	535	Low
5/12/2020	Dollar	435	450	435	450	Low
5/12/2020	Euro	445	455	445	455	Low
5/11/2020	Pounds	510	530	525	535	Low
5/11/2020	Dollar	430	445	435	445	Low
5/11/2020	Euro	440	450	445	455	Low
5/8/2020	Pounds	510	530	510	530	Low
5/8/2020	Dollar	425	437	430	445	Low
5/8/2020	Euro	425	440	440	450	Low
5/7/2020	Pounds	510	530	510	530	Low
5/7/2020	Dollar	425	437	425	437	Low
5/7/2020	Euro	425	440	425	440	Low
5/6/2020	Pounds	510	520	510	520	Low
5/6/2020	Dollar	425	437	425	437	Low
5/6/2020	Euro	430	450	430	450	Low
5/5/2020	Pounds	510	525	510	525	Low
5/5/2020	Dollar	410	430	420	430	Low
5/5/2020	Euro	425	435	425	435	Low
5/4/2020	Pounds	500	510	510	525	Low
5/4/2020	Dollar	435	450	410	430	Low
5/4/2020	Euro	430	440	425	435	Low
5/1/2020	Pounds	500	510	500	510	Low
5/1/2020	Dollar	435	450	435	450	Low
5/1/2020	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
4/10/2020	Pounds	490	505	490	505	Low
4/10/2020	Dollar	420	430	420	430	Low
4/10/2020	Euro	425	435	425	435	Low
4/9/2020	Pounds	490	505	490	505	Low
4/9/2020	Dollar	420	430	420	430	Low
4/9/2020	Euro	425	435	425	435	Low
4/8/2020	Pounds	490	500	490	500	Low
4/8/2020	Dollar	420	430	420	430	Low
4/8/2020	Euro	425	435	425	435	Low
4/7/2020	Pounds	490	500	490	500	Low
4/7/2020	Dollar	420	430	420	430	Low
4/7/2020	Euro	425	435	425	435	Low
4/6/2020	Pounds	492	497	492	497	Low
4/6/2020	Dollar	402	412	402	412	Low
4/6/2020	Euro	410	415	410	415	Low
4/3/2020	Pounds	485	490	492	497	Low
4/3/2020	Dollar	400	410	402	412	Low
4/3/2020	Euro	410	415	410	415	Low
4/2/2020	Pounds	485	490	485	490	Low
4/2/2020	Dollar	400	410	400	410	Low
4/2/2020	Euro	410	415	410	415	Low
4/1/2020	Pounds	480	485	480	485	Low
4/1/2020	Dollar	395	400	395	400	Low
4/1/2020	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
3/12/2020	Pounds	475	485	490	495	High
3/12/2020	Dollar	365	380	375	404	High
3/12/2020	Euro	405	412	410	420	Low
3/11/2020	Pounds	470	475	475	485	Low
3/11/2020	Dollar	360	366	365	375	Low
3/11/2020	Euro	387	403	405	412	Low
3/10/2020	Pounds	468	472	470	475	Low
3/10/2020	Dollar	358	360	360	362	Low
3/10/2020	Euro	390	398	387	403	Low
3/9/2020	Pounds	468	472	468	472	Low
3/9/2020	Dollar	358	360	358	360	Low
3/9/2020	Euro	392	398	392	398	Low
3/6/2020	Pounds	468	472	468	472	Low
3/6/2020	Dollar	358	360	358	360	Low
3/6/2020	Euro	390	398	390	398	Low
3/5/2020	Pounds	468	472	468	472	Low
3/5/2020	Dollar	358	360	358	360	Low
3/5/2020	Euro	390	397	390	397	Low
3/4/2020	Pounds	468	473	468	473	Low
3/4/2020	Dollar	358	360	358	360	Low
3/4/2020	Euro	387	392	387	392	Low
3/3/2020	Pounds	468	472	468	472	Low
3/3/2020	Dollar	358	360	358	360	Low
3/3/2020	Euro	387	392	387	392	Low
3/2/2020	Pounds	468	472	468	472	Low
3/2/2020	Dollar	358	360	358	360	Low
3/2/2020	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
2/12/2020	Pounds	470	475	470	475	Low
2/12/2020	Dollar	358	360	358	360	Low
2/12/2020	Euro	390	396	390	396	Low
2/11/2020	Pounds	470	475	470	475	Low
2/11/2020	Dollar	358	360	358	360	Low
2/11/2020	Euro	390	396	390	396	Low
2/10/2020	Pounds	470	475	470	475	Low
2/10/2020	Dollar	358	360	358	360	Low
2/10/2020	Euro	390	396	390	396	Low
2/7/2020	Pounds	471	475	471	475	Low
2/7/2020	Dollar	358	360	358	360	Low
2/7/2020	Euro	390	396	392	396	Low
2/6/2020	Pounds	473	476	473	476	Low
2/6/2020	Dollar	358	360	358	360	Low
2/6/2020	Euro	392	397	392	397	Low
2/5/2020	Pounds	473	476	473	476	Low
2/5/2020	Dollar	358	360	358	360	Low
2/5/2020	Euro	393	397	393	397	Low
2/4/2020	Pounds	473	476	473	476	Low
2/4/2020	Dollar	358	360	358	360	Low
2/4/2020	Euro	393	397	393	397	Low
2/3/2020	Pounds	473	476	473	476	Low
2/3/2020	Dollar	358	360	358	360	Low
2/3/2020	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
1/10/2020	Pounds	470	475	470	475	Low
1/10/2020	Dollar	359	362	359	362	Low
1/10/2020	Euro	397	402	397	402	Low
1/9/2020	Pounds	470	475	470	475	Low
1/9/2020	Dollar	359	362	359	362	Low
1/9/2020	Euro	397	403	397	403	Low
1/8/2020	Pounds	470	475	470	475	Low
1/8/2020	Dollar	359	362	359	362	Low
1/8/2020	Euro	397	403	397	403	Low
1/7/2020	Pounds	470	477	470	477	Low
1/7/2020	Dollar	359	362	359	362	Low
1/7/2020	Euro	397	403	397	403	Low
1/6/2020	Pounds	468	473	470	477	Low
1/6/2020	Dollar	359	362	359	362	Low
1/6/2020	Euro	392	400	397	403	Low
1/3/2020	Pounds	468	473	468	473	Low
1/3/2020	Dollar	359	362	359	362	Low
1/3/2020	Euro	390	400	390	400	Low
1/2/2020	Pounds	467	473	467	473	Low
1/2/2020	Dollar	359	362	359	362	Low
1/2/2020	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
12/9/2019	Pounds	462	468	462	468	Low
12/9/2019	Dollar	358	360	358	360	Low
12/9/2019	Euro	392	397	392	397	Low
12/6/2019	Pounds	462	467	463	468	Low
12/6/2019	Dollar	358	360	358	360	Low
12/6/2019	Euro	390	396	390	396	Low
12/5/2019	Pounds	462	467	462	467	Low
12/5/2019	Dollar	358	360	358	360	Low
12/5/2019	Euro	390	396	390	396	Low
12/4/2019	Pounds	460	466	460	466	Low
12/4/2019	Dollar	358	360	358	360	Low
12/4/2019	Euro	390	396	390	396	Low
12/3/2019	Pounds	460	465	460	465	Low
12/3/2019	Dollar	358	360	358	360	Low
12/3/2019	Euro	390	396	390	396	Low
12/2/2019	Pounds	460	466	460	465	Low
12/2/2019	Dollar	358	360	358	360	Low
12/2/2019	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
11/8/2019	Pounds	458	463	460	465	Low
11/8/2019	Dollar	358	360	358	360	Low
11/8/2019	Euro	393	398	394	400	Low
11/6/2019	Pounds	458	463	458	464	Low
11/6/2019	Dollar	357	360	357	360	Low
11/6/2019	Euro	393	400	393	400	Low
11/5/2019	Pounds	458	463	458	463	Low
11/5/2019	Dollar	357	360	357	360	Low
11/5/2019	Euro	393	400	393	400	Low
11/4/2019	Pounds	458	463	458	463	Low
11/4/2019	Dollar	357	360	357	360	Low
11/4/2019	Euro	392	400	393	400	Low
11/1/2019	Pounds	458	463	458	463	Low
11/1/2019	Dollar	358	360	358	360	Low
11/1/2019	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
10/9/2019	Pounds	445	453	445	450	Low
10/9/2019	Dollar	357	360	357	360	Low
10/9/2019	Euro	390	395	386	390	Low
10/8/2019	Pounds	448	453	445	453	Low
10/8/2019	Dollar	357	360	357	360	Low
10/8/2019	Euro	390	395	390	395	Low
10/7/2019	Pounds	448	453	448	453	Low
10/7/2019	Dollar	358	360	358	360	Low
10/7/2019	Euro	392	396	390	395	Low
10/4/2019	Pounds	450	454	448	453	Low
10/4/2019	Dollar	358	360	358	360	Low
10/4/2019	Euro	392	397	392	396	Low
10/3/2019	Pounds	450	454	450	454	Low
10/3/2019	Dollar	358	360	358	360	Low
10/3/2019	Euro	392	397	392	397	Low
10/2/2019	Pounds	450	453	450	453	Low
10/2/2019	Dollar	358	360	358	360	Low
10/2/2019	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
9/12/2019	Pounds	440	445	445	450	Low
9/12/2019	Dollar	357	360	357	360	Low
9/12/2019	Euro	393	398	394	398	Low
9/11/2019	Pounds	440	446	440	446	Low
9/11/2019	Dollar	358	360	358	360	Low
9/11/2019	Euro	392	395	392	398	Low
9/10/2019	Pounds	437	450	440	446	Low
9/10/2019	Dollar	356	360	358	360	Low
9/10/2019	Euro	388	397	392	395	Low
9/9/2019	Pounds	440	444	440	445	Low
9/9/2019	Dollar	358	360	358	360	Low
9/9/2019	Euro	390	396	390	395	Low
9/6/2019	Pounds	440	444	440	444	Low
9/6/2019	Dollar	358	360	358	360	Low
9/6/2019	Euro	392	398	390	396	Low
9/5/2019	Pounds	440	444	440	444	Low
9/5/2019	Dollar	357	360	358	360	Low
9/5/2019	Euro	392	398	392	397	Low
9/4/2019	Pounds	440	443	440	444	Low
9/4/2019	Dollar	357	360	358	360	Low
9/4/2019	Euro	392	398	392	397	Low
9/3/2019	Pounds	438	443	438	443	Low
9/3/2019	Dollar	357	360	357	360	Low
9/3/2019	Euro	392	397	392	398	Low
9/2/2019	Pounds	437	445	438	443	Low
9/2/2019	Dollar	357	360	357	360	Low
9/2/2019	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
9/8/2019	Pounds	450	455	450	455	Low
9/8/2019	Dollar	357	360	357	360	Low
9/8/2019	Euro	398	404	398	403	Low
8/8/2019	Pounds	450	455	450	455	Low
8/8/2019	Dollar	357	360	357	360	Low
8/8/2019	Euro	398	403	398	404	Low
7/8/2019	Pounds	453	458	450	455	Low
7/8/2019	Dollar	357	360	357	360	Low
7/8/2019	Euro	398	403	398	403	Low
6/8/2019	Pounds	457	460	452	458	Low
6/8/2019	Dollar	358	360	357	360	Low
6/8/2019	Euro	400	404	400	403	Low
5/8/2019	Pounds	458	462	457	461	Low
5/8/2019	Dollar	358	360	358	360	Low
5/8/2019	Euro	400	405	400	405	Low
2/8/2019	Pounds	458	462	458	462	Low
2/8/2019	Dollar	358	360	358	360	Low
2/8/2019	Euro	400	405	400	405	Low
1/8/2019	Pounds	458	462	458	462	Low
1/8/2019	Dollar	358	360	358	360	Low
1/8/2019	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
12/7/2019	Pounds	458	463	460	464	Low
12/7/2019	Dollar	359	361	359	361	Low
12/7/2019	Euro	404	407	405	410	Low
11/7/2019	Pounds	458	463	458	462	Low
11/7/2019	Dollar	359	362	359	361	Low
11/7/2019	Euro	402	407	405	410	Low
10/7/2019	Pounds	458	463	458	463	Low
10/7/2019	Dollar	359	361	358	361	Low
10/7/2019	Euro	401	406	402	405	Low
9/7/2019	Pounds	458	465	457	465	Low
9/7/2019	Dollar	359	362	359	362	Low
9/7/2019	Euro	401	405	402	405	Low
8/7/2019	Pounds	458	463	460	465	Low
8/7/2019	Dollar	359	362	359	362	Low
8/7/2019	Euro	401	405	401	405	Low
5/7/2019	Pounds	458	463	458	463	Low
5/7/2019	Dollar	359	362	359	362	Low
5/7/2019	Euro	401	405	401	405	Low
4/7/2019	Pounds	458	463	458	463	Low
4/7/2019	Dollar	359	362	359	362	Low
4/7/2019	Euro	401	405	400	405	Low
3/7/2019	Pounds	458	464	458	463	Low
3/7/2019	Dollar	359	361	359	362	Low
3/7/2019	Euro	401	405	401	405	Low
2/7/2019	Pounds	458	462	458	463	Low
2/7/2019	Dollar	359	361	359	361	Low
2/7/2019	Euro	398	402	400	404	Low
1/7/2019	Pounds	458	462	458	462	Low
1/7/2019	Dollar	358	360	359	361	Low
1/7/2019	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
12/6/2019	Pounds	468	471	467	471	Low
12/6/2019	Dollar	358	361	358	361	Low
12/6/2019	Euro	400	404	400	404	Low
11/6/2019	Pounds	465	470	467	471	Low
11/6/2019	Dollar	358	361	359	361	Low
11/6/2019	Euro	400	403	399	402	Low
10/6/2019	Pounds	468	472	468	472	Low
10/6/2019	Dollar	358	361	358	361	Low
10/6/2019	Euro	404	400	400	404	Low
7/6/2019	Pounds	469	473	467	471	Low
7/6/2019	Dollar	358	361	358	360	Low
7/6/2019	Euro	400	403	398	402	Low
6/6/2019	Pounds	468	472	465	470	Low
6/6/2019	Dollar	358	360	358	361	Low
6/6/2019	Euro	398	402	403	400	Low
3/6/2019	Pounds	468	472	468	472	Low
3/6/2019	Dollar	358	360	358	361	Low
3/6/2019	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
10/5/2019	Pounds	470	475	470	475	Low
10/5/2019	Dollar	358	360	358	360	Low
10/5/2019	Euro	400	405	400	405	Low
9/5/2019	Pounds	470	475	470	475	Low
9/5/2019	Dollar	358	360	358	360	Low
9/5/2019	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 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

Exchange rate gains at the NAFEX window as dollar supply rises by over 92%

Published

10 hours ago

August 14, 2020

Chike Olisah

Exchange rate falls across forex markets as dollar liquidity remains low

Nigeria’s exchange rate at the NAFEX window appreciated closing at N385.83 during intraday trading on Thursday, August 13, 2020. In another development, the exchange rate at the parallel market remained stable for a fourth consecutive trading day on Thursday as it closed at N475/$1.

Market Watch

Parallel Market: At the black market where forex is traded unofficially, the Naira remained stable again for the third straight day against the dollar to close at N475/$1 on Thursday, according to information from Abokifx, a prominent FX tracking website. This was the same rate that it exchanged on Wednesday, August 12.

NAFEX: The Naira appreciated marginally against the dollar at the Investors and Exporters (I&E) window on Thursday, closing at N385.83/$1.

This represents a 17 kobo gain when compared to the N386 rate close that was reported on the last trading day, Wednesday, August 12.
The opening indicative rate was N386.04 to a dollar on Thursday. This represents a 21 kobo gain when compared to the N386.25 to a dollar that was recorded on Wednesday.
The N387 to a dollar is the highest rate during intraday trading. It also sold for as low as N380/$1 during intraday trading.

Forex is sold at several prices and at different times during the day.

Forex Turnover: Meanwhile, forex turnover at the Investor and Exporters (I&E) window recorded a significant increase on Thursday, August 13, 2020, as it rose by 92.48% a day on day.

According to the data tracked by Nairametrics from FMDQ, forex turnover rose from $21.55 million on Wednesday, August 12, 2020, to $41.48 million on Thursday, August 13, 2020.
The forex turnover for the day although recorded significant improvement from the previous trading day is still below the $50 million mark. This is just as dollar supply has remained very weak.
The average forex sale for last week was about $50.6 million which is an improvement on the $32 million that was recorded the previous week. FX turnover which hit a record low of $3.97 million on Monday recorded a significantly improved figure on Thursday but is still a far cry from the over $200 million turnover that was recorded in January.
Total forex trading at the NAFEX window in the month of July was $937 million compared to $875 million in June.
The exchange rate disparity between the official NAFEX rate and the black-market rate is still as wide as N89.17. Nigeria maintains multiple exchange rates comprising the CBN official rate, the BDC rates, SMIS, and the NAFEX (I&E window). The wide disparity between the 2 rates has created huge arbitrage opportunities for some highly connected individuals.

Exchange rate unification remains on the cards and yet to be implemented weeks after the central bank governor confirmed it will be executed.

The foreign exchange market appears to be getting used to the recent adjustment of the official exchange rate by the Central Bank of Nigeria.

The naira has been under pressure in recent weeks in a forex market that has been experiencing low activity due to serious dollar shortages. Businesses which have been negatively impacted by this shifted their forex demand to the black market.

Currencies

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

Goldman Sachs believes Nigeria will devalue past N500 between 12-18 months.

Published

1 day ago

August 13, 2020

Chike Olisah

Naira, Unify exchange rates to foster economic growth – NISER , OFFICIAL: Banks charge N368 per dollar for debit card transactions

A leading global investment banking firm, Goldman Sachs Group, this week, predicted that a significant devaluation of the naira is expected within the next 12 to 18 months.

The investment firm believes this will help bring about “the desired balance” required to stabilize the currency. This was contained in an exclusive Bloomberg Terminal report published on Bloomberg. However, Bloomberg cited the link in an article reviewing the state of Nigeria’s equities market.

According to Bloomberg, “Goldman Sachs Group Inc. this week said a significant devaluation of the naira is likely in 12 to 18 months to stabilize Nigeria’s external accounts. An exchange rate of 500-550 per dollar should bring about the desired balance…. compared with a current rate of about 407”. Bloomberg

Nigeria’s one year forward trades at N408.21/$1.

Nigeria’s Forex Challenges

Nairametrics reported during the week that the central bank had devalued the official exchange rate to N380/$1 from N360.1/$1. The adjustment occurred on Thursday, August 6th, 2020. The adjustment is thought to be a move towards unification of the multiple exchange rate windows

The CBN has adjusted the official exchange rate twice this year. The first one was from N307/$1 to N360/$1 and then just last week, from N360/$1 to N380/$1. At the NAFEX market were the exchange rate is determined by market forces, the exchange rate trades between N388-N390 though turnover remains thin. The SMIS window currently exchanges forex at N380.69/$1 and BDC segment N447/$1. The parallel market exchange rate has averaged N475/$1 more recently.

Last month, the Nairametrics tracker indicates only $937 million was exchanged in July at the NAFEX market compared to $875 million in June. Forex analysts suggest pent up demand for forex is between $1.5 billion to $5 billion some of which include dividends and investments waiting to be repatriated out of Nigeria. CBN Governor Godwin Emefiele has promised to meet this demand when economic activities pick up in the country.

What this means: According to Nairametrics Research Team, whilst Goldman Sachs projection is shared by some hawkish analysts a lot is still yet to be considered. A reopening of the economy and return to full economic activities could change the demand and supply dynamics.

The direction of the exchange rate will be determined by oil prices, growth in the global economy, and Nigeria’s forex policies. The last time, Nigeria wrestled back from an exchange rate above N500/$1 the CBN created the I&E window allowing foreign investors to trade forex freely. The CBN also offered high-interest rates for OMO bills allowing foreign investors to keep their forex within the country.

The exchange rate disparity is currently due to low forex supply at the BDC, SMIS, and NAFEX markets respectively. These scarcity is forex is caused in part by the Covid-19 pandemic which has kept foreign investment out of the country limiting the supply available to the government. If this situation improves, then we could see a convergence between the parallel market to the NAFEX market with the former strengthening towards the latter.

However, a further devaluation could occur if forex scarcity persists and corporates find it difficult to purchase forex at the NAFEX(I&E) window driving up demand at the black market.

Note: This article was updated to reflect new information.