The US dollar closed at ₦470/US$1 in the parallel market
According to a recent report, the exchange rates at the parallel market and the I&E FX window are expected to converge in 2021.
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The Naira remained stable against the dollar, closing at N476/$1 at the parallel market on Tuesday.
The naira depreciated marginally against the dollar, closing at N461/$1 at the parallel market on Tuesday.
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Wednesday.
The Naira depreciated against the dollar to close at N465/$1 on Friday.
The Naira appreciated against the dollar to close at N462/$1 on Thursday.
At the black market where forex is traded unofficially, the Naira remained stable against the dollar to close at N460/$1 on Tuesday.
$50 million was sold to foreign investors on the spot and forward market.
