Post by Trade Forum on Jul 12, 2023 4:15:10 GMT 1
The exchange rate between the naira and the dollar fell to as low as N788.42/$1 on the I&E window at trading Tuesday, July 11, 2023.
This represents a 5.96% depreciation from the previous day’s close of N744/$1.
This is also the lowest the naira has fallen against the dollar on the official I&E window since its inception in 2017. and lowest since the window was revised on June 14, 2023.
Before now, the lowest was N770.38/$1 on the 19th of June 2023 just three days after the new window came into operation.
The exchange rate has traded at an average of about N746/$1 for the last 14 trading days.
Source: nairametrics.com/2023/07/11/ie-window-crashes-to-all-time-low-at-n788-42-1/
This represents a 5.96% depreciation from the previous day’s close of N744/$1.
This is also the lowest the naira has fallen against the dollar on the official I&E window since its inception in 2017. and lowest since the window was revised on June 14, 2023.
Before now, the lowest was N770.38/$1 on the 19th of June 2023 just three days after the new window came into operation.
The exchange rate has traded at an average of about N746/$1 for the last 14 trading days.
Source: nairametrics.com/2023/07/11/ie-window-crashes-to-all-time-low-at-n788-42-1/
