Exchange rate at official market closes flat at N464.67/$1 on 7th June 2023
The highest rate during the intra-day trading at the IEFX exchange market closed at N476/$1 on Wednesday 7th June 2023
Tag: US Dollar
Strong US dollar hurts naira despite efforts unifying exchange rate
The Nigerian Naira has been in the spotlight for the past few days after reports of plans to unify multiple ...
Major actors sabotaging the nairaÂ
Approximately 5% of the Nigerian foreign exchange market is accounted for by the parallel market, which is often the scene ...
Pound drops to record low against US dollar
The pound has fallen to a record low against the dollar as markets react to the UK's biggest tax cuts ...
Why the US dollar is still the world’s financial magnet
Recent strong macroeconomic data and the desire by investors to hold it are driving the U.S. currency higher.
Ghanaian Cedi drops by a whopping 30% against the US dollar in 6 months
The drop in the Cedi comes despite Ghana’s central bank's hawkish stance to stamp out inflation.
US dollar should “technically” have the same value as Zimbabwe Dollar – Expert explains why
Amid the surge of the US dollar, an expert has argued that the US dollar is overprinted.
Naira depreciates at I&E window despite significant improvement in FX supply
The exchange rate between the naira and the US dollar closed at N419.25/$1 at the official I&E window, representing a ...
US inflation pushes the dollar to new highsÂ
The US Dollar Index (DXY), which tracks the dollar against a basket of major rivals, intensified its rise and achieved ...
Inflation concerns cause US dollar to jump 10% in 6 months
The US dollar, which is regarded as a safe haven, has grown tremendously in the last six months.
