Connect with us
nairametrics

Spotlight Stories

Between Amazon, TikTok and Netflix; a battle for souls of streaming patrons

Intrigues and competition as streaming services continue to tussle for subscribers.

Published

on

Between Amazon, TikTok and Netflix; a battle for souls of streaming patrons

More than a few eyebrows were raised when Netflix revealed during the week, that competitors could be responsible for the relatively flat curve in profit in its Q2 results.

In its letter to shareholders, Netflix admitted that competitors such as Apple, Amazon, Disney, NBCUniversal and WarnerMedia were not giving them easy access to the market share, but assured that the streaming service had its strategy, and could improve its content faster than its peers.

It also admitted that social media could pose a different kind of threat, particularly TikTok, which is growing at an unprecedented rate and showing how flexible internet entertainment could become.

READ MORE: Netflix adds 10.1 million paid users in Q2 2020, yet stock plunges more than 9%

The facts

Netflix’s paid membership numbers grew from 182.856 million at the end of March 2020, to 193 million at the end of June 2020 – a growth of about 10.1 million, much more than the 7.5 million that the company predicted in April.

GTBank 728 x 90

This however did not reflect in the profit accordingly, as the company recorded $720 million profit on revenue of $6.1 billion in Q2 as against $709 million profit on $5.8 billion revenue in Q1, 2020.

There were assumptions that people would continue to turn to Netflix for entertainment as they remained locked down at home, but these brands are now proving to Netflix that they are also in the race for the numbers all the way.

Amazon’s Prime Video

Prime Video, is an American Internet video on demand service that is developed, owned, and operated by Amazon.

Coronation ads

Similar to Netflix’s mode of operations, Prime Video secures rights to original content. Forbes reports that even though Netflix has more subscribers than Amazon’s Prime Video, Prime has three times as many movies in its archives.

Netflix has about 3,781 total movies while Amazon Prime has about 12,828 movies. The billions of dollars that Netflix has invested in purchasing original content appear to have been dwarfed by its rival.

READ MORE: YouTube appoints Nigeria’s Alex Okosi to head its European, Middle East, African markets 

Weighing the options

Reviewers adjudged both brands as going toe to toe on various fronts, releasing new exclusive videos every week.

However, Netflix offers its services at the most expensive rate. Amazon Prime Video offers its monthly premium subscription at $8.99, while Netflix offers its premium subscription at $12.99. Other brands in the space offer at even lower rates. For instance, Apple offers its subscription for $4.99, and Disney’s monthly subscription sells for $6.99.

Jaiz bank ads

Though Apple and Disney are not considered major threats to Netflix, it is clear that if the battle for market share comes down to prices, Netflix could lose out, especially in the African region where poverty is higher, and income per capita is lower.

Stanbic IBTC

Growth seems promising for the region, especially since Netflix now streams its local content. Netflix has so far streamed several Nigerian movies, unlike any of the other two.

However, apart from price, Netflix has set the pace for the others. According to a Forbes review, a close look at Prime Video’s thousands of movies would reveal a lot of “extremely low-budget shows, including some that look to be home-made” although there are also thousands of quality originals on the platform, much more than the entire videos on Netflix.

Their survey also shows that in giving value for every dollar paid, Prime Video is still ahead due to cheaper costs and more movies in its archives.

READ ALSO: Facebook takes on Zoom with its new video chat feature

Every dollar of subscription gives you access to 247 shows and 1,427 movies on Prime Video, 149 shows and 291 movies on Netflix, 34 shows and 88 movies on Disney, 146 shows and 116 movies on the recently launched HBO Max, and 4 shows and 1 video on Apple TV.

For video quality, however, it’s a tussle between Netflix and Prime Video. Also, Netflix is the only one of the lot to have made an official entry into Nigeria and other African countries; experts predict that Europe, Middle East and Africa region will soon account for more than a third of Netflix’s total subscriber base.

However, the Q2 results have shown that growth in subscriber numbers may not necessarily translate into growth in profits. Due to the fact that Netflix hardly ever discusses subscriber figures in a specific country (aside from the US and Canada), there are a whole host of estimates available as regards the exact subscriber figures from country to country.

However, Europe, Middle East and Africa have seen a significant increase; from making up 25% of the 118.9 million subscribers in Q1 2018, the region now accounts for almost a third of the 193 million paid subscriptions.

What is with TikTok?

TikTok is a Chinese video-sharing social networking service owned by ByteDance. Though launched in the Chinese market since 2016, the network gained unrivaled popularity in 2020 as it soon became a quick remedy to boredom. It is used to create short dance, lip-sync, comedy and talent videos, making its audience into “prosumers”, that is producers and consumers of its content.

app

Unlike Netflix and Amazon Prime, TikTok does not spend millions of dollars in purchasing originals and exclusives, but allows users to become creators. Experts argue that it is this added level of engagement – where the user becomes producer and director – that has given TikTok an edge in the race for internet entertainment.

A cut in the Nigerian market

From over 200 million Nigerians, none of these streaming platforms have staked a clear 10 percent, and over 90% of the Nigerian populace is still unclaimed.

Beyond marketing strategies and promotions, the battle will come down to content as it is said that “content is king.” That platform that succeeds in giving Nigerians what they want might just have the day.

In quantity, TikTok is bound to be ahead since it is a community publishing platform where the users can create multiple content daily.

When it comes to the kind of local quality that will win the heart of Nigerians, I daresay that Netflix is ahead of the game.

Lasisi Elenu’s “Mama and Papa Godspower” comedy will soon be launched as a Netflix series, and if Lasisi’s views on Youtube and Instagram will be a determining factor, hundreds of thousands of loyal fans might just join the Netflix family.

Download the Nairametrics News App

There is also the recently signed deal with Mo Abudu’s EbonyLife to bring a series-adaptation of Lola Shoneyin’s “The Secret Lives of Baba Segi’s Wives” and a film-adaptation of Prof. Wole Soyinka’s “Death And The King’s Horseman” to screen.

Both shows, exclusive to Netflix, can well be described as the ‘mother of all local content’, not only set in Nigeria, but portraying depths of the Nigerian culture and history that the other platforms lack.

Eventually, it may or may not be a game of numbers, but this league promises to be an interesting one to watch.

Ruth Okwumbu has a MSc. and BSc. in Mass Communication from the University of Nigeria, Nsukka, and Delta state university respectively. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career. As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. You may contact her via [email protected]

Click to comment

Leave a Reply

Your email address will not be published.

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

Currencies

Daily Parallel Market Exchange Rate – ₦495/$1

The US dollar stands at ₦495/US$1 in the parallel market.

Published

on

Forex, NIGERIA: Daily Parallel Market, Exchange Rate

The exchange rate between the naira and the US dollar for today (Monday, November 30th 2020), stands at 495/US$1 in the parallel market. The rate had closed at 490/US$1 on Friday, November 27th 2020.

  • Naira:495
  • Dollar: $1
  • Date: November 30th, 2020

The exchange rate between the naira and the British pound sterling stands at ₦635/₤1 on Monday,  November 30th 2020. The rate had closed at ₦620/₤1 on Friday, November 27th 2020.

  • Naira: ₦635
  • Pounds Sterling: ₤1
  • Date: November 30th, 2020

Explore Economic Research Data From Nairametrics on Nairalytics

The exchange rate between the naira and the European euro stands at ₦570/€1 on Monday November 30th 2020. The rate had also closed at ₦570/€1 on Friday, November 27th 2020.

  • Naira: ₦570
  • Euro: €1
  • Date: November 30th, 2020

Activity: US Dollar stands at 495/US$1 in the parallel market

GTBank 728 x 90

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

DateCurrencyBuy(AM)Sell(AM)Buy(PM)Sell(PM)Volatility
11/30/2020Dollar485495
11/30/2020Pounds630635
11/30/2020Euro565570
11/27/2020Dollar485490485490Low
11/27/2020Pounds615620615620Low
11/27/2020Euro565570565570Low
11/26/2020Dollar475480475480Low
11/26/2020Pounds600605600605Low
11/26/2020Euro555560555560Low
11/25/2020Dollar475480475480Low
11/25/2020Pounds600605600605Low
11/25/2020Euro555560555560Low
11/24/2020Dollar475480475480Low
11/24/2020Pounds600605600605Low
11/24/2020Euro555560555560Low
11/23/2020Dollar475480475480Low
11/23/2020Pounds600605600605Low
11/23/2020Euro555560555560Low
11/20/2020Dollar465470465470Low
11/20/2020Pounds600605600605Low
11/20/2020Euro555560555560Low
11/19/2020Dollar465470465470Low
11/19/2020Pounds600605600605Low
11/19/2020Euro555560555560Low
11/18/2020Dollar465470465470Low
11/18/2020Pounds600605600605Low
11/18/2020Euro555560555560Low
11/17/2020Dollar465470465470Low
11/17/2020Pounds600605600605Low
11/17/2020Euro555560555560Low
11/16/2020Dollar455460455460Low
11/16/2020Pounds585590585590Low
11/16/2020Euro535540535540Low
11/13/2020Dollar455460455460Low
11/13/2020Pounds585590585590Low
11/13/2020Euro535540535540Low
11/12/2020Dollar455460455460Low
11/12/2020Pounds585590585590Low
11/12/2020Euro535540535540Low
11/11/2020Dollar455460455460Low
11/11/2020Pounds585590585590Low
11/11/2020Euro535540535540Low
11/10/2020Dollar457462457462Low
11/10/2020Pounds583587583587Low
11/10/2020Euro535540535540Low
11/09/2020Dollar457462457462Low
11/09/2020Pounds585590585590Low
11/09/2020Euro535540535540Low
11/06/2020Dollar457462457462Low
11/06/2020Pounds585590585590Low
11/06/2020Euro535540535540Low
11/05/2020Dollar457462457462Low
11/05/2020Pounds585590585590Low
11/05/2020Euro535540535540Low
11/04/2020Dollar457462457462Low
11/04/2020Pounds585590585590Low
11/04/2020Euro535540535540Low
11/03/2020Dollar457462457462Low
11/03/2020Pounds585590585590Low
11/03/2020Euro535540535540Low
11/02/2020Dollar457460457460Low
11/02/2020Pounds585590585590Low
11/02/2020Euro530535530535Low
10/30/2020Dollar457460457460Low
10/30/2020Pounds585590585590Low
10/30/2020Euro530535530535Low
10/29/2020Dollar457460457460Low
10/29/2020Pounds585590585590Low
10/29/2020Euro530535530535Low
10/28/2020Dollar457460457460Low
10/28/2020Pounds585590585590Low
10/28/2020Euro530535530535Low
10/27/2020Dollar457461457461Low
10/27/2020Pounds585590585590Low
10/27/2020Euro535540535540Low
10/26/2020Dollar457461457461Low
10/26/2020Pounds585590585590Low
10/26/2020Euro535540535540Low
10/23/2020Dollar457461457461Low
10/23/2020Pounds585590585590Low
10/23/2020Euro535540535540Low
10/22/2020Dollar457461457461Low
10/22/2020Pounds585590585590Low
10/22/2020Euro535540535540Low
10/21/2020Dollar456460456460Low
10/21/2020Pounds582593582593Low
10/21/2020Euro535540535540Low
10/20/2020Dollar456460456460Low
10/20/2020Pounds582593582593Low
10/20/2020Euro535540535540Low
10/19/2020Dollar455460455460Low
10/19/2020Pounds583592583592Low
10/19/2020Euro530535530535Low
10/16/2020Dollar455460455460Low
10/16/2020Pounds583592583592Low
10/16/2020Euro530535530535Low
10/15/2020Dollar455460455460Low
10/15/2020Pounds583592583592Low
10/15/2020Euro530535530535Low
10/14/2020Dollar455460455460Low
10/14/2020Pounds585590585590Low
10/14/2020Euro530535530535Low
10/13/2020Dollar453458455460Low
10/13/2020Pounds585590585590Low
10/13/2020Euro530535530535Low
10/12/2020Dollar452458452458Low
10/12/2020Pounds580585580585Low
10/12/2020Euro530535530535Low
10/09/2020Dollar452457452457Low
10/09/2020Pounds585590585590Low
10/09/2020Euro535540535540Low
10/08/2020Dollar452457452457Low
10/08/2020Pounds585590585590Low
10/08/2020Euro535540535540Low
10/07/2020Dollar452457452457Low
10/07/2020Pounds585590585590Low
10/07/2020Euro535540535540Low
10/06/2020Dollar452457452457Low
10/06/2020Pounds580585580585Low
10/06/2020Euro535540535540Low
10/05/2020Dollar452455452455Low
10/05/2020Pounds570580570580Low
10/05/2020Euro540545540545Low
10/02/2020Dollar460465460465Low
10/02/2020Pounds575585575585Low
10/02/2020Euro530540530540Low
10/01/2020Dollar460465460465Low
10/01/2020Pounds575585575585Low
10/01/2020Euro530540530540Low
9/30/2020Dollar460465460465Low
9/30/2020Pounds570580570580Low
9/30/2020Euro530535530535Low
9/29/2020Dollar460465460465Low
9/29/2020Pounds565575570580Low
9/29/2020Euro530535530535Low
9/28/2020Dollar460465460465Low
9/28/2020Pounds565570565570Low
9/28/2020Euro530535530535Low
9/25/2020Dollar460465460465Low
9/25/2020Pounds565575565575Low
9/25/2020Euro535540535540Low
9/24/2020Dollar460465460465Low
9/24/2020Pounds565570565570Low
9/24/2020Euro535540535540Low
9/23/2020Dollar455460455460Low
9/23/2020Pounds580585580585Low
9/23/2020Euro535540535540Low
9/22/2020Dollar455460455460Low
9/22/2020Pounds575585575580Low
9/22/2020Euro530535530535Low
9/21/2020Dollar453455450455Low
9/21/2020Pounds565570565570Low
9/21/2020Euro525530525530Low
9/18/2020Dollar450460450460Low
9/18/2020Pounds575595575595Low
9/18/2020Euro535540535540Low
9/17/2020Dollar455460455460Low
9/17/2020Pounds570580570580Low
9/17/2020Euro530535530535Low
9/16/2020Dollar450460450460Low
9/16/2020Pounds565570565570Low
9/16/2020Euro525530525530Low
9/15/2020Dollar450460450460Low
9/15/2020Pounds565570565570Low
9/15/2020Euro525530525530Low
9/14/2020Dollar445455445455Low
9/14/2020Pounds560575560575Low
9/14/2020Euro515525515525Low
09/11/2020Dollar450455450455Low
09/11/2020Pounds555565555565Low
09/11/2020Euro525530525530Low
09/10/2020Dollar455460455460Low
09/10/2020Pounds545560545560Low
09/10/2020Euro525530525530Low
09/09/2020Dollar430440430440Low
09/09/2020Pounds540555540555Low
09/09/2020Euro500510500510Low
09/08/2020Dollar435440435440Low
09/08/2020Pounds540550540550Low
09/08/2020Euro505515505515Low
09/07/2020Dollar435440435440Low
09/07/2020Pounds525530525530Low
09/07/2020Euro505515505515Low
09/04/2020Dollar425440425440Low
09/04/2020Pounds560580560580Low
09/04/2020Euro505515505515Low
09/03/2020Dollar425440425440Low
09/03/2020Pounds560580560580Low
09/03/2020Euro520535505515High
09/02/2020Dollar425440425440Low
09/02/2020Pounds570580560580Low
09/02/2020Euro535540520535Low
09/01/2020Dollar462465435440High
09/01/2020Pounds565575570580Low
09/01/2020Euro535540535540Low
8/31/2020Dollar463470460465High
8/31/2020Pounds585595580590Low
8/31/2020Euro540545540545Low
8/28/2020Dollar472477472477Low
8/28/2020Pounds580595580595Low
8/28/2020Euro545552545552Low
8/27/2020Dollar472477472477Low
8/27/2020Pounds580590580590Low
8/27/2020Euro542552542552Low
8/26/2020Dollar472477472477Low
8/26/2020Pounds580590580590Low
8/26/2020Euro542552542552Low
8/25/2020Dollar472477472477Low
8/25/2020Pounds575585575585Low
8/25/2020Euro542552542552Low
8/24/2020Dollar473477473477Low
8/24/2020Pounds580590580590Low
8/24/2020Euro542550542550Low
8/21/2020Dollar474477474477Low
8/21/2020Pounds575585575585Low
8/21/2020Euro545550545550Low
8/20/2020Dollar475478473477Low
8/20/2020Pounds575585575585Low
8/20/2020Euro540550540550Low
8/19/2020Dollar475480475480Low
8/19/2020Pounds575585575585Low
8/19/2020Euro540550540550Low
8/18/2020Dollar477480477480Low
8/18/2020Pounds575580575580Low
8/18/2020Euro545550545550Low
8/17/2020Dollar470475470475Low
8/17/2020Pounds580590580590Low
8/17/2020Euro525535525535Low
8/14/2020Dollar470475470475Low
8/14/2020Pounds570580570580Low
8/14/2020Euro525535520535Low
8/13/2020Dollar470475470475Low
8/13/2020Pounds570575565575Low
8/13/2020Euro525530520530Low
08/12/2020Dollar470475470475Low
08/12/2020Pounds570575570575Low
08/12/2020Euro520530520530Low
08/11/2020Dollar477485477485Low
08/11/2020Pounds572584572584Low
08/11/2020Euro510523520535Low
08/10/2020Dollar477485477485Low
08/10/2020Pounds572584572584Low
08/10/2020Euro510523520535High
08/07/2020Dollar475486475486Low
08/07/2020Pounds578585578585Low
08/07/2020Euro536550536550Low
08/06/2020Dollar470480475486Low
08/06/2020Pounds575587578585Low
08/06/2020Euro534545536550Low
08/05/2020Dollar465475473483Low
08/05/2020Pounds570580575587Low
08/05/2020Euro525540532545Low
08/04/2020Dollar470480470480Low
08/04/2020Pounds560570560570Low
08/04/2020Euro520530520530Low
08/03/2020Dollar470480470480Low
08/03/2020Pounds560570560570Low
08/03/2020Euro520530520530Low
7/31/2020Dollar470480470485High
7/31/2020Pounds570582575585Low
7/31/2020Euro500520505520Low
7/30/2020Dollar470490470485High
7/30/2020Pounds550570550580High
7/30/2020Euro495520500525High
7/29/2020Dollar468475467475Low
7/29/2020Pounds575585580590Low
7/29/2020Euro530540530545Low
7/28/2020Dollar469475467475Low
7/28/2020Pounds575593580595Low
7/28/2020Euro550560540550Low
7/27/2020Dollar465473466473Low
7/27/2020Pounds570580575583Low
7/27/2020Euro510520515530Low
7/24/2020Dollar465472464472Low
7/24/2020Pounds570580572582Low
7/24/2020Euro510520505520Low
7/23/2020Dollar460472465472Low
7/23/2020Pounds565575565580Low
7/23/2020Euro510520505520Low
7/22/2020Dollar465472465472Low
7/22/2020Pounds565575560578Low
7/22/2020Euro510525510528Low
7/21/2020Dollar461472462472Low
7/21/2020Pounds560573560575Low
7/21/2020Euro498515500520Low
7/20/2020Dollar460473462473Low
7/20/2020Pounds550570555575Low
7/20/2020Euro495505500510Low
7/17/2020Dollar462470460470Low
7/17/2020Pounds560570558570Low
7/17/2020Euro490500490500Low
7/16/2020Dollar460470460470Low
7/16/2020Pounds558565560570Low
7/16/2020Euro485495485499Low
7/15/2020Dollar455465455470Low
7/15/2020Pounds560565558570Low
7/15/2020Euro485495488498Low
7/14/2020Dollar448462455470Low
7/14/2020Pounds540550557570Low
7/14/2020Euro485495489498Low
7/13/2020Dollar450460448462Low
7/13/2020Pounds540550540550Low
7/13/2020Euro485495485495Low
07/10/2020Dollar453460458465Low
07/10/2020Pounds520525550555High
07/10/2020Euro465467510520High
07/09/2020Dollar455461455463Low
07/09/2020Pounds550558550562Low
07/09/2020Euro495504498505Low
07/08/2020Dollar455461455461Low
07/08/2020Pounds550558550558Low
07/08/2020Euro495504495504Low
07/07/2020Dollar455461455461Low
07/07/2020Pounds550558550558Low
07/07/2020Euro495502495502Low
07/06/2020Dollar455462455461Low
07/06/2020Pounds550562547555Low
07/06/2020Euro495502496502Low
07/03/2020Dollar455462454461Low
07/03/2020Pounds548560550560Low
07/03/2020Euro495505495502Low
07/02/2020Dollar455462454461Low
07/02/2020Pounds548560550560Low
07/02/2020Euro495505495502Low
07/01/2020Dollar455462455462Low
07/01/2020Pounds548560548560Low
07/01/2020Euro495505495505Low
6/30/2020Dollar452460452460Low
6/30/2020Pounds547560547560Low
6/30/2020Euro495505495505Low
6/29/2020Dollar450460450460Low
6/29/2020Pounds547560547560Low
6/29/2020Euro495505495505Low
6/26/2020Dollar452457452460Low
6/26/2020Pounds547557547560Low
6/26/2020Euro490498490502Low
6/25/2020Dollar452457450455Low
6/25/2020Pounds547557547560Low
6/25/2020Euro490498490499Low
6/24/2020Dollar450460450455Low
6/24/2020Pounds545555545555Low
6/24/2020Euro490495488498Low
6/23/2020Dollar450460445455Low
6/23/2020Pounds545555545555Low
6/23/2020Euro490495490495Low
6/22/2020Dollar450455450455Low
6/22/2020Pounds545555545555Low
6/22/2020Euro488498488498Low
6/19/2020Dollar445455445455Low
6/19/2020Pounds540553540553Low
6/19/2020Euro480490480490Low
6/18/2020Dollar445452445452Low
6/18/2020Pounds537550537550Low
6/18/2020Euro475490475490Low
6/17/2020Dollar445452445452Low
6/17/2020Pounds540553537550Low
6/17/2020Euro475490475490Low
6/16/2020Dollar440450445452Low
6/16/2020Pounds540550540553Low
6/16/2020Euro475485475490Low
6/15/2020Dollar440450440450Low
6/15/2020Pounds540550540550Low
6/15/2020Euro475485475485Low
06/12/2020Dollar440450440450Low
06/12/2020Pounds538550538550Low
06/12/2020Euro470485470485Low
06/11/2020Pounds538550538550Low
06/11/2020Dollar440450440450Low
06/11/2020Euro470485470485Low
06/10/2020Pounds538550540553Low
06/10/2020Dollar440450445452Low
06/10/2020Euro470485475490Low
06/09/2020Pounds538550540550Low
06/09/2020Dollar440450440450Low
06/09/2020Euro470485475485Low
06/08/2020Pounds540550540550Low
06/08/2020Dollar440450440450Low
06/08/2020Euro475485475485Low
06/05/2020Pounds535545535545Low
06/05/2020Dollar440450440450Low
06/05/2020Euro460472460472Low
06/04/2020Pounds530543530543Low
06/04/2020Dollar440447440447Low
06/04/2020Euro460470460470Low
06/03/2020Pounds530540530540Low
06/03/2020Dollar440445440445Low
06/03/2020Euro460470460470Low
06/02/2020Pounds535545535545Low
06/02/2020Dollar440450440450Low
06/02/2020Euro460472460472Low
06/01/2020Pounds530543530543Low
06/01/2020Dollar440447440447Low
06/01/2020Euro460470460470Low
5/29/2020Pounds530540530540Low
5/29/2020Dollar440445440445Low
5/29/2020Euro460470460470Low
5/28/2020Pounds535545535545Low
5/28/2020Dollar440450440450Low
5/28/2020Euro460472460472Low
5/27/2020Pounds530543530543Low
5/27/2020Dollar440447440447Low
5/27/2020Euro460470460470Low
5/26/2020Pounds530540530540Low
5/26/2020Dollar440445440445Low
5/26/2020Euro460470460470Low
5/25/2020Pounds535545535545Low
5/25/2020Dollar440450440450Low
5/25/2020Euro460472460472Low
5/22/2020Pounds530543530543Low
5/22/2020Dollar440447440447Low
5/22/2020Euro460470460470Low
5/21/2020Pounds530545530545Low
5/21/2020Dollar450460450460Low
5/21/2020Euro460470460470Low
5/20/2020Pounds530550530550Low
5/20/2020Dollar445460445460Low
5/20/2020Euro450470450470Low
5/19/2020Pounds528540528540Low
5/19/2020Dollar445460445460Low
5/19/2020Euro450465450465Low
5/18/2020Pounds528540528540Low
5/18/2020Dollar445460445460Low
5/18/2020Euro450465450465Low
5/15/2020Pounds530540525535Low
5/15/2020Dollar435450440455Low
5/15/2020Euro450460450465Low
5/14/2020Pounds530540530540Low
5/14/2020Dollar435450435450Low
5/14/2020Euro450460450460Low
5/13/2020Pounds525535525535Low
5/13/2020Dollar430450430450Low
5/13/2020Euro440455440455Low
05/12/2020Pounds525535525535Low
05/12/2020Dollar435450435450Low
05/12/2020Euro445455445455Low
05/11/2020Pounds510530525535Low
05/11/2020Dollar430445435445Low
05/11/2020Euro440450445455Low
05/08/2020Pounds510530510530Low
05/08/2020Dollar425437430445Low
05/08/2020Euro425440440450Low
05/07/2020Pounds510530510530Low
05/07/2020Dollar425437425437Low
05/07/2020Euro425440425440Low
05/06/2020Pounds510520510520Low
05/06/2020Dollar425437425437Low
05/06/2020Euro430450430450Low
05/05/2020Pounds510525510525Low
05/05/2020Dollar410430420430Low
05/05/2020Euro425435425435Low
05/04/2020Pounds500510510525Low
05/04/2020Dollar435450410430Low
05/04/2020Euro430440425435Low
05/01/2020Pounds500510500510Low
05/01/2020Dollar435450435450Low
05/01/2020Euro430445430445Low
4/30/2020Pounds500510500510Low
4/30/2020Dollar435450435450Low
4/30/2020Euro430445430445Low
4/29/2020Pounds500520500520Low
4/29/2020Dollar440460440460Low
4/29/2020Euro450465450465Low
4/28/2020Pounds495510500520Low
4/28/2020Dollar430450440460Low
4/28/2020Euro435450435450Low
4/27/2020Pounds495510495510Low
4/27/2020Dollar430450430450Low
4/27/2020Euro435450435450Low
4/24/2020Pounds490500490500Low
4/24/2020Dollar428450428450Low
4/24/2020Euro430440430440Low
4/23/2020Pounds490500490500Low
4/23/2020Dollar420430420430Low
4/23/2020Euro425435425435Low
4/22/2020Pounds490500490500Low
4/22/2020Dollar420425420430Low
4/22/2020Euro425435425435Low
4/21/2020Pounds490500490500Low
4/21/2020Dollar420430420430Low
4/21/2020Euro425435425435Low
4/20/2020Pounds490500490500Low
4/20/2020Dollar420430420430Low
4/20/2020Euro425435425435Low
4/17/2020Pounds490500490500Low
4/17/2020Dollar420430420430Low
4/17/2020Euro425435425435Low
4/16/2020Pounds490500490500Low
4/16/2020Dollar420430420430Low
4/16/2020Euro425435425435Low
4/15/2020Pounds490500490500Low
4/15/2020Dollar420430420430Low
4/15/2020Euro425435425435Low
4/14/2020Pounds490500490500Low
4/14/2020Dollar420430420430Low
4/14/2020Euro425435425435Low
4/13/2020Pounds490500490500Low
4/13/2020Dollar420430420430Low
4/13/2020Euro425435425435Low
04/10/2020Pounds490505490505Low
04/10/2020Dollar420430420430Low
04/10/2020Euro425435425435Low
04/09/2020Pounds490505490505Low
04/09/2020Dollar420430420430Low
04/09/2020Euro425435425435Low
04/08/2020Pounds490500490500Low
04/08/2020Dollar420430420430Low
04/08/2020Euro425435425435Low
04/07/2020Pounds490500490500Low
04/07/2020Dollar420430420430Low
04/07/2020Euro425435425435Low
04/06/2020Pounds492497492497Low
04/06/2020Dollar402412402412Low
04/06/2020Euro410415410415Low
04/03/2020Pounds485490492497Low
04/03/2020Dollar400410402412Low
04/03/2020Euro410415410415Low
04/02/2020Pounds485490485490Low
04/02/2020Dollar400410400410Low
04/02/2020Euro410415410415Low
04/01/2020Pounds480485480485Low
04/01/2020Dollar395400395400Low
04/01/2020Euro407412407412Low
3/31/2020Pounds480485480485Low
3/31/2020Dollar395400395400Low
3/31/2020Euro407412407412Low
3/30/2020Pounds480485480485Low
3/30/2020Dollar390395395400Low
3/30/2020Euro407412407412Low
3/27/2020Pounds480485480485Low
3/27/2020Dollar385390390395Low
3/27/2020Euro405410407412Low
3/26/2020Pounds480485480485Low
3/26/2020Dollar385390385390Low
3/26/2020Euro405410405410Low
3/25/2020Pounds475480480485Low
3/25/2020Dollar380385385390Low
3/25/2020Euro400405405410Low
3/24/2020Pounds475480475480Low
3/24/2020Dollar380385380385Low
3/24/2020Euro400405400405Low
3/23/2020Pounds474478474478Low
3/23/2020Dollar380385380385Low
3/23/2020Euro400403400403Low
3/20/2020Pounds475480475480Low
3/20/2020Dollar370375365367Low
3/20/2020Euro395400395400Low
3/19/2020Pounds475480475480Low
3/19/2020Dollar370375370375Low
3/19/2020Euro395400395400Low
3/18/2020Pounds471475471475Low
3/18/2020Dollar370375370375Low
3/18/2020Euro390395390395Low
3/17/2020Pounds470475470475Low
3/17/2020Dollar375380375380Low
3/17/2020Euro400403400403Low
3/16/2020Pounds470475470475Low
3/16/2020Dollar370375370375Low
3/16/2020Euro400403400403Low
3/13/2020Pounds470475470475Low
3/13/2020Dollar372377372377Low
3/13/2020Euro400403400403Low
03/12/2020Pounds475485490495High
03/12/2020Dollar365380375404High
03/12/2020Euro405412410420Low
03/11/2020Pounds470475475485Low
03/11/2020Dollar360366365375Low
03/11/2020Euro387403405412Low
03/10/2020Pounds468472470475Low
03/10/2020Dollar358360360362Low
03/10/2020Euro390398387403Low
03/09/2020Pounds468472468472Low
03/09/2020Dollar358360358360Low
03/09/2020Euro392398392398Low
03/06/2020Pounds468472468472Low
03/06/2020Dollar358360358360Low
03/06/2020Euro390398390398Low
03/05/2020Pounds468472468472Low
03/05/2020Dollar358360358360Low
03/05/2020Euro390397390397Low
03/04/2020Pounds468473468473Low
03/04/2020Dollar358360358360Low
03/04/2020Euro387392387392Low
03/03/2020Pounds468472468472Low
03/03/2020Dollar358360358360Low
03/03/2020Euro387392387392Low
03/02/2020Pounds468472468472Low
03/02/2020Dollar358360358360Low
03/02/2020Euro387392387392Low
2/28/2020Pounds468472468472Low
2/28/2020Dollar358360358360Low
2/28/2020Euro387392387392Low
2/27/2020Pounds467471468472Low
2/27/2020Dollar358360358360Low
2/27/2020Euro386390387392Low
2/26/2020Pounds468472467471Low
2/26/2020Dollar358360358360Low
2/26/2020Euro386390386390Low
2/25/2020Pounds467472468472Low
2/25/2020Dollar358360358360Low
2/25/2020Euro388392386390Low
2/24/2020Pounds467472467472Low
2/24/2020Dollar358360358360Low
2/24/2020Euro388392388393Low
2/21/2020Pounds467473468473Low
2/21/2020Dollar358360358360Low
2/21/2020Euro388392388392Low
2/20/2020Pounds467473467473Low
2/20/2020Dollar358360358360Low
2/20/2020Euro388392388392Low
2/19/2020Pounds467473467473Low
2/19/2020Dollar358360358360Low
2/19/2020Euro390394390394Low
2/18/2020Pounds467473467473Low
2/18/2020Dollar358360358360Low
2/18/2020Euro390394390394Low
2/17/2020Pounds469473467474Low
2/17/2020Dollar358360358360Low
2/17/2020Euro390394390394Low
2/14/2020Pounds469473469473Low
2/14/2020Dollar358360358360Low
2/14/2020Euro390394390394Low
2/13/2020Pounds470475470475Low
2/13/2020Dollar358360358360Low
2/13/2020Euro390396390396Low
02/12/2020Pounds470475470475Low
02/12/2020Dollar358360358360Low
02/12/2020Euro390396390396Low
02/11/2020Pounds470475470475Low
02/11/2020Dollar358360358360Low
02/11/2020Euro390396390396Low
02/10/2020Pounds470475470475Low
02/10/2020Dollar358360358360Low
02/10/2020Euro390396390396Low
02/07/2020Pounds471475471475Low
02/07/2020Dollar358360358360Low
02/07/2020Euro390396392396Low
02/06/2020Pounds473476473476Low
02/06/2020Dollar358360358360Low
02/06/2020Euro392397392397Low
02/05/2020Pounds473476473476Low
02/05/2020Dollar358360358360Low
02/05/2020Euro393397393397Low
02/04/2020Pounds473476473476Low
02/04/2020Dollar358360358360Low
02/04/2020Euro393397393397Low
02/03/2020Pounds473476473476Low
02/03/2020Dollar358360358360Low
02/03/2020Euro393397393397Low
1/31/2020Pounds473476473476Low
1/31/2020Dollar358360358360Low
1/31/2020Euro393397393397Low
1/30/2020Pounds472478472476Low
1/30/2020Dollar358361358360Low
1/30/2020Euro394398394398Low
1/29/2020Pounds472476472476Low
1/29/2020Dollar358360358360Low
1/29/2020Euro394398394398Low
1/28/2020Pounds472476472476Low
1/28/2020Dollar358360358360Low
1/28/2020Euro394398394398Low
1/27/2020Pounds473476473476Low
1/27/2020Dollar358360358360Low
1/27/2020Euro394398394398Low
1/24/2020Pounds474478474478Low
1/24/2020Dollar358362358362Low
1/24/2020Euro395400395400Low
1/23/2020Pounds474478474478Low
1/23/2020Dollar358362358362Low
1/23/2020Euro395400395400Low
1/22/2020Pounds474478474478Low
1/22/2020Dollar359362359362Low
1/22/2020Euro394398394398Low
1/21/2020Pounds473477475479Low
1/21/2020Dollar360362359362Low
1/21/2020Euro395400395400Low
1/20/2020Pounds473477473477Low
1/20/2020Dollar360362360362Low
1/20/2020Euro395400395400Low
1/17/2020Pounds473477473477Low
1/17/2020Dollar360362360362Low
1/17/2020Euro395400395400Low
1/16/2020Pounds457480474477Low
1/16/2020Dollar360362360362Low
1/16/2020Euro397403395400Low
1/15/2020Pounds475480475480Low
1/15/2020Dollar360362360362Low
1/15/2020Euro397402397402Low
1/14/2020Pounds470475474480Low
1/14/2020Dollar359362360362Low
1/14/2020Euro397402397400Low
1/13/2020Pounds470477470475Low
1/13/2020Dollar359362359362Low
1/13/2020Euro397403397402Low
01/10/2020Pounds470475470475Low
01/10/2020Dollar359362359362Low
01/10/2020Euro397402397402Low
01/09/2020Pounds470475470475Low
01/09/2020Dollar359362359362Low
01/09/2020Euro397403397403Low
01/08/2020Pounds470475470475Low
01/08/2020Dollar359362359362Low
01/08/2020Euro397403397403Low
01/07/2020Pounds470477470477Low
01/07/2020Dollar359362359362Low
01/07/2020Euro397403397403Low
01/06/2020Pounds468473470477Low
01/06/2020Dollar359362359362Low
01/06/2020Euro392400397403Low
01/03/2020Pounds468473468473Low
01/03/2020Dollar359362359362Low
01/03/2020Euro390400390400Low
01/02/2020Pounds467473467473Low
01/02/2020Dollar359362359362Low
01/02/2020Euro392400392400Low
12/24/2019Pounds468474468474Low
12/24/2019Dollar358361358361Low
12/24/2019Euro390395390395Low
12/23/2019Pounds474478474478Low
12/23/2019Dollar359362359362Low
12/23/2019Euro395400395400Low
12/20/2019Pounds474480474480Low
12/20/2019Dollar359363359363Low
12/20/2019Euro395401395401Low
12/19/2019Pounds472480472480Low
12/19/2019Dollar359363359363Low
12/19/2019Euro395401395401Low
12/18/2019Pounds472480472480Low
12/18/2019Dollar360363359363Low
12/18/2019Euro395400395400Low
12/17/2019Pounds470477472477Low
12/17/2019Dollar360363360363Low
12/17/2019Euro394398394398Low
12/16/2019Pounds470475470477Low
12/16/2019Dollar359363360363Low
12/16/2019Euro394398394398Low
12/13/2019Pounds470480470476Low
12/13/2019Dollar359362359363Low
12/13/2019Euro394398394398Low
12/12/2019Pounds464472464472Low
12/12/2019Dollar358360359361Low
12/12/2019Euro392397392397Low
12/11/2019Pounds463470464472Low
12/11/2019Dollar358360358360Low
12/11/2019Euro393397392397Low
12/10/2019Pounds462468463470Low
12/10/2019Dollar358360358360Low
12/10/2019Euro392397393397Low
12/09/2019Pounds462468462468Low
12/09/2019Dollar358360358360Low
12/09/2019Euro392397392397Low
12/06/2019Pounds462467463468Low
12/06/2019Dollar358360358360Low
12/06/2019Euro390396390396Low
12/05/2019Pounds462467462467Low
12/05/2019Dollar358360358360Low
12/05/2019Euro390396390396Low
12/04/2019Pounds460466460466Low
12/04/2019Dollar358360358360Low
12/04/2019Euro390396390396Low
12/03/2019Pounds460465460465Low
12/03/2019Dollar358360358360Low
12/03/2019Euro390396390396Low
12/02/2019Pounds460466460465Low
12/02/2019Dollar358360358360Low
12/02/2019Euro390395390395Low
11/29/2019Pounds462466462466Low
11/29/2019Dollar358360358360Low
11/29/2019Euro390395392397Low
11/28/2019Pounds462467462466Low
11/28/2019Dollar358360358360Low
11/28/2019Euro390395390395Low
11/27/2019Pounds460465462467Low
11/27/2019Dollar358360358360Low
11/27/2019Euro391396390395Low
11/26/2019Pounds462466462466Low
11/26/2019Dollar358360358360Low
11/26/2019Euro390395390395Low
11/25/2019Pounds460465462466Low
11/25/2019Dollar358360358360Low
11/25/2019Euro390398390395Low
11/22/2019Pounds460464460465Low
11/22/2019Dollar357360358360Low
11/22/2019Euro390398390398Low
11/21/2019Pounds460464460464Low
11/21/2019Dollar357360357360Low
11/21/2019Euro390397390397Low
11/20/2019Pounds460464460464Low
11/20/2019Dollar358360358360Low
11/20/2019Euro390398390397Low
11/19/2019Pounds460465460464Low
11/19/2019Dollar358360358360Low
11/19/2019Euro392398390398Low
11/18/2019Pounds458464460465Low
11/18/2019Dollar358360358360Low
11/18/2019Euro390398392398Low
11/15/2019Pounds458464458464Low
11/15/2019Dollar358360358360Low
11/15/2019Euro392398393398Low
11/14/2019Pounds458464458464Low
11/14/2019Dollar358360358360Low
11/14/2019Euro390398392398Low
11/13/2019Pounds460465458464Low
11/13/2019Dollar358360358360Low
11/13/2019Euro392398392398Low
11/12/2019Pounds460465460465Low
11/12/2019Dollar358360358360Low
11/12/2019Euro394399394399Low
11/08/2019Pounds458463460465Low
11/08/2019Dollar358360358360Low
11/08/2019Euro393398394400Low
11/06/2019Pounds458463458464Low
11/06/2019Dollar357360357360Low
11/06/2019Euro393400393400Low
11/05/2019Pounds458463458463Low
11/05/2019Dollar357360357360Low
11/05/2019Euro393400393400Low
11/04/2019Pounds458463458463Low
11/04/2019Dollar357360357360Low
11/04/2019Euro392400393400Low
11/01/2019Pounds458463458463Low
11/01/2019Dollar358360358360Low
11/01/2019Euro393400394400Low
10/31/2019Pounds460464458463Low
10/31/2019Dollar358360358360Low
10/31/2019Euro395400393400Low
10/30/2019Pounds457463457463Low
10/30/2019Dollar358360358360Low
10/30/2019Euro395400395400Low
10/29/2019Pounds457463457463Low
10/29/2019Dollar358360358360Low
10/29/2019Euro395400395400Low
10/28/2019Pounds457462457463Low
10/28/2019Dollar358360358360Low
10/28/2019Euro396402395400Low
10/25/2019Pounds457463457462Low
10/25/2019Dollar358360358360Low
10/25/2019Euro396403396402Low
10/24/2019Pounds457462457463Low
10/24/2019Dollar358360358360Low
10/24/2019Euro396403396403Low
10/23/2019Pounds457463457462Low
10/23/2019Dollar358360358360Low
10/23/2019Euro397403396403Low
10/22/2019Pounds455460457463Low
10/22/2019Dollar358360358360Low
10/22/2019Euro395402397403Low
10/21/2019Pounds450455450455Low
10/21/2019Dollar358360358360Low
10/21/2019Euro387395390397Low
10/18/2019Pounds446453446453Low
10/18/2019Dollar358360358360Low
10/18/2019Euro387393387393Low
10/17/2019Pounds445450446452Low
10/17/2019Dollar358360358360Low
10/17/2019Euro387392387393Low
10/16/2019Pounds445452445450Low
10/16/2019Dollar358360358360Low
10/16/2019Euro387395387392Low
10/15/2019Pounds445450445452Low
10/15/2019Dollar357360358360Low
10/15/2019Euro385390385390Low
10/14/2019Pounds445450445450Low
10/14/2019Dollar358360357360Low
10/14/2019Euro384390385390Low
10/11/2019Pounds445450445450Low
10/11/2019Dollar358360358360Low
10/11/2019Euro384390384390Low
10/10/2019Pounds445450445450Low
10/10/2019Dollar357360357360Low
10/10/2019Euro386390384390Low
10/09/2019Pounds445453445450Low
10/09/2019Dollar357360357360Low
10/09/2019Euro390395386390Low
10/08/2019Pounds448453445453Low
10/08/2019Dollar357360357360Low
10/08/2019Euro390395390395Low
10/07/2019Pounds448453448453Low
10/07/2019Dollar358360358360Low
10/07/2019Euro392396390395Low
10/04/2019Pounds450454448453Low
10/04/2019Dollar358360358360Low
10/04/2019Euro392397392396Low
10/03/2019Pounds450454450454Low
10/03/2019Dollar358360358360Low
10/03/2019Euro392397392397Low
10/02/2019Pounds450453450453Low
10/02/2019Dollar358360358360Low
10/02/2019Euro392397392397Low
9/30/2019Pounds445450450453Low
9/30/2019Dollar358360358360Low
9/30/2019Euro392397392397Low
9/27/2019Pounds446452445450Low
9/27/2019Dollar357360358360Low
9/27/2019Euro392396392397Low
9/26/2019Pounds445450445450Low
9/26/2019Dollar357360357360Low
9/26/2019Euro390395392396Low
9/25/2019Pounds444449445450Low
9/25/2019Dollar357360357360Low
9/25/2019Euro390394390395Low
9/24/2019Pounds445448445449Low
9/24/2019Dollar357360357360Low
9/24/2019Euro390395390395Low
9/23/2019Pounds445450445450Low
9/23/2019Dollar357360357360Low
9/23/2019Euro392395392396Low
9/20/2019Pounds443446445450Low
9/20/2019Dollar357360357360Low
9/20/2019Euro392395392395Low
9/19/2019Pounds442446443446Low
9/19/2019Dollar357360357360Low
9/19/2019Euro390395391394Low
9/18/2019Pounds442447440446Low
9/18/2019Dollar357360357360Low
9/18/2019Euro390395390395Low
9/17/2019Pounds445448444447Low
9/17/2019Dollar358360358360Low
9/17/2019Euro394398393397Low
9/16/2019Pounds445450445450Low
9/16/2019Dollar357360357360Low
9/16/2019Euro394400394400Low
9/13/2019Pounds445450445450Low
9/13/2019Dollar357360357360Low
9/13/2019Euro394398394398Low
09/12/2019Pounds440445445450Low
09/12/2019Dollar357360357360Low
09/12/2019Euro393398394398Low
09/11/2019Pounds440446440446Low
09/11/2019Dollar358360358360Low
09/11/2019Euro392395392398Low
09/10/2019Pounds437450440446Low
09/10/2019Dollar356360358360Low
09/10/2019Euro388397392395Low
09/09/2019Pounds440444440445Low
09/09/2019Dollar358360358360Low
09/09/2019Euro390396390395Low
09/06/2019Pounds440444440444Low
09/06/2019Dollar358360358360Low
09/06/2019Euro392398390396Low
09/05/2019Pounds440444440444Low
09/05/2019Dollar357360358360Low
09/05/2019Euro392398392397Low
09/04/2019Pounds440443440444Low
09/04/2019Dollar357360358360Low
09/04/2019Euro392398392397Low
09/03/2019Pounds438443438443Low
09/03/2019Dollar357360357360Low
09/03/2019Euro392397392398Low
09/02/2019Pounds437445438443Low
09/02/2019Dollar357360357360Low
09/02/2019Euro391396392397Low
30/08/2019Pounds442448440445Low
30/08/2019Dollar358360358360Low
30/08/2019Euro392398395398Low
29/08/2019Pounds440446442448Low
29/08/2019Dollar358360358360Low
29/08/2019Euro392398392398Low
28/08/2019Pounds444450440445Low
28/08/2019Dollar358360358360Low
28/08/2019Euro392396392398Low
27/08/2019Pounds444450444450Low
27/08/2019Dollar358360358360Low
27/08/2019Euro394400393398Low
26/08/2019Pounds442447443448Low
26/08/2019Dollar358360358360Low
26/08/2019Euro392397393397Low
23/08/2019Pounds440445440445Low
23/08/2019Dollar358360358360Low
23/08/2019Euro390397390397Low
22/08/2019Pounds445450440445Low
22/08/2019Dollar357359358360Low
22/08/2019Euro393398390397Low
21/08/2019Pounds447452445450Low
21/08/2019Dollar358360357359Low
21/08/2019Euro392398393398Low
20/08/2019Pounds450455447452Low
20/08/2019Dollar358360358360Low
20/08/2019Euro395400392398Low
19/08/2019Pounds450455450455Low
19/08/2019Dollar358360358360Low
19/08/2019Euro395400395400Low
16/08/2019Pounds451455450455Low
16/08/2019Dollar357360358360Low
16/08/2019Euro397402395400Low
15/08/2019Pounds450455451455Low
15/08/2019Dollar357360357360Low
15/08/2019Euro398403397402Low
14/08/2019Pounds450455450455Low
14/08/2019Dollar357360357360Low
14/08/2019Euro398403398403Low
09/08/2019Pounds450455450455Low
09/08/2019Dollar357360357360Low
09/08/2019Euro398404398403Low
08/08/2019Pounds450455450455Low
08/08/2019Dollar357360357360Low
08/08/2019Euro398403398404Low
07/08/2019Pounds453458450455Low
07/08/2019Dollar357360357360Low
07/08/2019Euro398403398403Low
06/08/2019Pounds457460452458Low
06/08/2019Dollar358360357360Low
06/08/2019Euro400404400403Low
05/08/2019Pounds458462457461Low
05/08/2019Dollar358360358360Low
05/08/2019Euro400405400405Low
02/08/2019Pounds458462458462Low
02/08/2019Dollar358360358360Low
02/08/2019Euro400405400405Low
01/08/2019Pounds458462458462Low
01/08/2019Dollar358360358360Low
01/08/2019Euro402405402405Low
31/07/2019Pounds458463458463Low
31/07/2019Dollar358360358360Low
31/07/2019Euro403407403407Low
30/07/2019Pounds458463458463Low
30/07/2019Dollar358360358360Low
30/07/2019Euro403407403407Low
29/07/2019Pounds458461458463Low
29/07/2019Dollar358360358360Low
29/07/2019Euro402406403407Low
26/07/2019Pounds459463458461Low
26/07/2019Dollar358361358360Low
26/07/2019Euro403406401405Low
25/07/2019Pounds459463459463Low
25/07/2019Dollar358361358361Low
25/07/2019Euro403407403406Low
24/07/2019Pounds459463459463Low
24/07/2019Dollar358361358361Low
24/07/2019Euro404407403407Low
23/07/2019Pounds460464459463Low
23/07/2019Dollar359361358361Low
23/07/2019Euro406410404407Low
22/07/2019Pounds459463459463Low
22/07/2019Dollar358360359361Low
22/07/2019Euro406410406410Low
19/07/2019Pounds459463459463Low
19/07/2019Pounds358360358360Low
19/07/2019Pounds406410406410Low
18/07/2019Pounds458462459463Low
18/07/2019Dollar358360358360Low
18/07/2019Euro403407406410Low
17/07/2019Pounds458462458462Low
17/07/2019Dollar358360358360Low
17/07/2019Euro403407403407Low
16/07/2019Pounds460463458462Low
16/07/2019Dollar359361358360Low
16/07/2019Euro405408403407Low
13/07/2019Pounds460464460463Low
13/07/2019Dollar359361359361Low
13/07/2019Euro405410405408Low
12/07/2019Pounds458463460464Low
12/07/2019Dollar359361359361Low
12/07/2019Euro404407405410Low
11/07/2019Pounds458463458462Low
11/07/2019Dollar359362359361Low
11/07/2019Euro402407405410Low
10/07/2019Pounds458463458463Low
10/07/2019Dollar359361358361Low
10/07/2019Euro401406402405Low
09/07/2019Pounds458465457465Low
09/07/2019Dollar359362359362Low
09/07/2019Euro401405402405Low
08/07/2019Pounds458463460465Low
08/07/2019Dollar359362359362Low
08/07/2019Euro401405401405Low
05/07/2019Pounds458463458463Low
05/07/2019Dollar359362359362Low
05/07/2019Euro401405401405Low
04/07/2019Pounds458463458463Low
04/07/2019Dollar359362359362Low
04/07/2019Euro401405400405Low
03/07/2019Pounds458464458463Low
03/07/2019Dollar359361359362Low
03/07/2019Euro401405401405Low
02/07/2019Pounds458462458463Low
02/07/2019Dollar359361359361Low
02/07/2019Euro398402400404Low
01/07/2019Pounds458462458462Low
01/07/2019Dollar358360359361Low
01/07/2019Euro400403398403Low
28/06/2019Pounds457460457462Low
28/06/2019Dollar358360358360Low
28/06/2019Euro398402400403Low
27/06/2019Pounds458462458462Low
27/06/2019Dollar358360358360Low
27/06/2019Euro398402398402Low
26/06/2019Pounds458463458462Low
26/06/2019Dollar358360358360Low
26/06/2019Euro398402400403Low
25/06/2019Pounds458464458464Low
25/06/2019Dollar358361358361Low
25/06/2019Euro400403398402Low
24/06/2019Pounds458464460465Low
24/06/2019Dollar358361359361Low
24/06/2019Euro398402398403Low
21/06/2019Pounds460465458464Low
21/06/2019Dollar358361358361Low
21/06/2019Euro398402398402Low
20/06/2019Pounds460465468462Low
20/06/2019Dollar358361358361Low
20/06/2019Euro398402400403Low
19/06/2019Pounds460465460465Low
19/06/2019Dollar358361358361Low
19/06/2019Euro398401398402Low
18/06/2019Pounds460465462465Low
18/06/2019Dollar359361358361Low
18/06/2019Euro400403400405Low
17/06/2019Pounds462467462468Low
17/06/2019Dollar358361358361Low
17/06/2019Euro400404400404Low
14/06/2019Pounds426467426467Low
14/06/2019Dollar358361358361Low
14/06/2019Euro400404400404Low
13/06/2019Pounds467471462467Low
13/06/2019Dollar358361358361Low
13/06/2019Euro400404400404Low
12/06/2019Pounds468471467471Low
12/06/2019Dollar358361358361Low
12/06/2019Euro400404400404Low
11/06/2019Pounds465470467471Low
11/06/2019Dollar358361359361Low
11/06/2019Euro400403399402Low
10/06/2019Pounds468472468472Low
10/06/2019Dollar358361358361Low
10/06/2019Euro404400400404Low
07/06/2019Pounds469473467471Low
07/06/2019Dollar358361358360Low
07/06/2019Euro400403398402Low
06/06/2019Pounds468472465470Low
06/06/2019Dollar358360358361Low
06/06/2019Euro398402403400Low
03/06/2019Pounds468472468472Low
03/06/2019Dollar358360358361Low
03/06/2019Euro398402398402Low
31/05/2019Pounds465470470474Low
31/05/2019Dollar358360358360Low
31/05/2019Euro397402400403Low
30/05/2019Pounds470474470474Low
30/05/2019Dollar358360358360Low
30/05/2019Euro400403400403Low
28/05/2019Pounds470474470474Low
28/05/2019Dollar358360358360Low
28/05/2019Euro400403400403Low
27/05/2019Pounds470474470474Low
27/05/2019Dollar358360358360Low
27/05/2019Euro400403400404Low
24/05/2019Pounds470474470474Low
24/05/2019Dollar358360358360Low
24/05/2019Euro400405400405Low
23/05/2019Pounds470474472475Low
23/05/2019Dollar358360358360Low
23/05/2019Euro400405400405Low
22/05/2019Pounds472475472475Low
22/05/2019Dollar358350358360Low
22/05/2019Euro400405400405Low
21/05/2019Pounds472475472473Low
21/05/2019Dollar358360358360Low
21/05/2019Euro400405400405Low
20/05/2019Pounds472475472475Low
20/05/2019Dollar358360358360Low
20/05/2019Euro400405400405Low
17/05/2019Pounds472475472475Low
17/05/2019Dollar358360358360Low
17/05/2019Euro400405400404Low
16/05/2019Pounds472475472475Low
16/05/2019Dollar358360358360Low
16/05/2018Euro400404400404Low
15/05/2019Pounds470475470475Low
15/05/2019Dollar358360358360Low
15/05/2019Euro400404400404Low
13/05/2019Pounds470475470475Low
13/05/2019Dollar358360358360Low
13/05/2019Euro400404400405Low
10/05/2019Pounds470475470475Low
10/05/2019Dollar358360358360Low
10/05/2019Euro400405400405Low
09/05/2019Pounds470475470475Low
09/05/2019Dollar358360358360Low
09/05/2019Euro400405400405Low
29/04/2019Pounds470475470475Low
29/04/2019Dollar358360358360Low
29/04/2019Euro400405400405Low
26/04/2019Pounds470475470475Low
26/04/2019Dollar358360358360Low
26/04/2019Euro400405400405Low
25/04/2019Pounds470475470475Low
25/04/2019Dollar358360358360Low
25/04/2019Euro400405400405Low
24/04/2019Pounds470475472476Low
24/04/2019Dollar358360358360Low
24/04/2019Euro400405400405Low
23/04/2019Pounds474478472476Low
23/04/2019Dollar355360358360Low
23/04/2019Euro390402400405Low
22/04/2019Pounds472476472476Low
22/04/2019Dollar357360358360Low
22/04/2019Euro400405400405Low
19/04/2019Pounds467471470475Low
19/04/2019Dollar355360357360Low
19/04/2019Euro395400402406Low
18/04/2019Pounds470475470475Low
18/04/2019Dollar357360357360Low
18/04/2019Euro402406402406Low
17/04/2019Pounds470475470475Low
17/04/2019Dollar357360357360Low
17/04/2019Euro402406402406Low
16/04/2019Pounds465470470475Low
16/04/2019Dollar360365357360Low
16/04/2019Euro400405402405Low

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.

Coronation ads
Continue Reading

Spotlight Stories

CBN will continue monetary policy aimed at boosting stock market

The CBN has insisted that it will continue with its monetary policy measures towards the stock market in efforts to resuscitate the economy.

Published

on

Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele  , Increasing food prices might erase chances of CBN cutting interest rate   , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million  , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

The Central Bank of Nigeria has revealed that it will continue with its monetary policy measures aimed at boosting the stock market, even as the country faces higher inflation and remains in recession.

This was made known by the CBN Governor, Godwin Emefiele, in his remarks at the end of the monetary policy committee meeting held last week. He believes a bullish stock market is a leading indicator of a medium-term macroeconomic recovery of the economy.

READ: CRR Compliance: Banks suffer another N226 billion in CRR debits

According to Mr. Emefiele,

“On the Financial Markets, the Committee considered the improved performance in the equities market as a leading indicator of medium-term macroeconomic recovery. Thus, it urged the Bank to maintain its policies on exchange rate and financial system stability to attract more investment into the Nigerian equities market.”

GTBank 728 x 90

Nigerian stocks are one of the best performing asset classes and stock markets in the country. Stocks are currently up 29% YTD, reversing all the post-Covid-19 losses incurred at the height of the lockdown in March and April.

Why this matters: The CBN’s decision to continue with its policy of lowering interest rates is a major boost for the stock market, and an indication that the rally currently being enjoyed by investors will remain sustained.

READ: CBN, NDIC to set up bridge bank for struggling financial institutions

Coronation ads
  • A preferred next line of action will be to encourage robust capital market activities such as IPOs and other forms of public offers.
  • With limited investment outlets, more and more inflow from institutional investors could create new demand for capital formation.
  • However, the pressure on the exchange rate could force a change in policy, increasing interest rates to attract foreign investor dollars in Eurobonds and other foreign offerings.

READ: Forex inflow in I&E window declines by $2.8 billion as FPIs drop by 97%

How we got here

The positive performance for stocks is largely driven by central bank policies that have reduced interest rates for other competing asset classes, such as treasury bills and corporate bonds. Treasury bills yields have fallen below 1% in recent weeks, with true yields falling into negative territory earlier in November.

For most parts of the last two years, Nigerian stocks remained unattractive despite offering dividend yields in the double digits. Yet, investors will rather go for risk-free treasury bills and FGN Bonds.

READ: A summer of higher food prices, limited room for monetary policy

Since the last massive stock market crash in 2009, local investors have relied on activities of foreign portfolio investors in deciding what stocks to buy and when to even invest in the stock market.

Jaiz bank ads

However, with Covid-19 triggering billions of dollars in foreign portfolio outflows exited stock markets, frontier markets like Nigeria suffered massive losses until the central bank policy of low-interest rate environment opened opportunities.

Stanbic IBTC

The central policy that gave birth to lower interest rates began in May 2019, when it increased the cash reserve requirement of local banks and forced a loan to deposit ratio of 65%.

This forced banks to either lend more to the private sector or avoid being debited via the cash reserve requirement provisions of the bank. Banks felt lesser impetus to stimulate customer deposits, thus increasing the amount of naira in the economy looking for where it will be invested.

As Nairametrics earlier reported, in the third quarter of 2019, the apex bank announced it would stop local nonbanking investors from purchasing its lucrative OMO bills, releasing over a trillion into the economy. As OMO bills matured into 2020, trillions more unlocked in the economy with very few options available for investments.

It is likely that the stock market will close positively by year-end, reversing most of the losses incurred in the last 18 months. The CBN’s latest decision to continue with its policy is an indication that the drive to look inward in the quest to resuscitate the economy is being pushed on all fronts.

Continue Reading

Around the World

Biden to appoint Nigerian-born attorney as Deputy Treasury Secretary

Nigerian-born attorney, Adewale Adeyemo has been selected by US President-elect, Joe Biden as Deputy Treasury Secretary.

Published

on

United States President-elect, Joe Biden, has selected a Nigerian-born attorney, Adewale Adeyemo, as the Deputy Treasury Secretary.

This was disclosed by Biden on Sunday, according to Wall Street Journal.

Adeyemo, who is a former senior international economic adviser during the Obama administration, will serve under former Federal Reserve Chair Janet Yellen, who Biden plans to appoint to lead the US Treasury Department.

Adeyemo’s appointment is one of many key cabinet positions Biden is expected to announce in the coming days.

What you need to know

GTBank 728 x 90

Born in Nigeria, Adeyemo was raised in California where he obtained a bachelor’s degree before proceeding to Yale Law School for his legal education.

Before his appointment into the Obama administration, Adeyemo worked as an editor at the Hamilton Project, then served as senior advisor and deputy chief of staff to Jack Lew in the United States Department of Treasury.

He later worked as the chief negotiator for the Trans-Pacific Partnership and also served as the first chief of staff of the Consumer Financial Protection Bureau under Elizabeth Warren.

Coronation ads

In 2015, he was appointed to concurrently serve as Deputy National Security Advisor for International Economics and deputy director of the National Economic Council.

He went on to become the first president of the Obama Foundation.

Continue Reading