Tag
DOLLAR
On October 15, 2024, the naira resumed its downward slide against the U.S. dollar, closing at N1658.97 in the official Investors and Exporters (I&E) window.
The naira appreciated on the first trading day of the week at the official market, despite the U.S. dollar index reaching a two-month high against major currencies on Tuesday.
The Nigerian naira has plummeted to a new record low, closing at N1,700 per dollar in the parallel...
https://www.youtube.com/watch?v=PRYVs5ctFrA
The dollar index drifted sideways as the naira showed some strength at the official market on Wednesday, providing relief to the naira and the Nigerian capital market after a sharp decline in the last quarter.
The naira is projected to stabilize against the US dollar by the end of the fourth quarter of 2024, finishing the year strongly.
The naira appreciated slightly against the U.S. dollar on October 3, 2024, closing at N1,659.26 in the official Investor and Exporter (I&E) window, amid a surge in market activity.
The Nigerian currency ended last month on a losing note, trading at N1,541.94/$1 on Monday, September 30, 2024, but showed strength throughout the month.
The naira strengthened against the US dollar on September 27, 2024, closing at N1,540.78 in the official Investor and Exporter (I&E) window.
The Nigerian naira took advantage of weak U.S. dollar index readings in the official market and a surprise interest rate hike by the CBN amid ongoing dynamics in Nigeria's fragile FX market.
The Nigerian naira continued its slide against the US dollar, closing at N1,667.42 in the official Investor and Exporter (I&E) window on September 25, 2024.
As of the market opening on September 25, 2024, the South African Rand has risen by 11% against the US dollar since its low in February, reflecting gains in key economic sectors from the second through the third quarter of 2024.