BREAKING: Naira Falls To New Low Against Dollar, See New Exchange Rate

0 Admin Admin Monday, July 18, 2022

Naira has fallen to a new low against the dollar, See New Exchange Rate below.

SpyeNews reports that the naira weakened further on Friday, falling 1.34 per cent against the U.S. dollar to its lowest known level ever.

According to data published by FMDQ, where forex is officially traded, naira which opened trading at N426.63 closed at N430.33 to a dollar on Friday.

This implies a N5.71 or 1.34 per cent devaluation from N424.62 posted in the previous market session on Thursday.

The domestic currency hit an intraday high of N414.00 and touched a low of N444.00 before settling at N430.33 per $1 at the close of business on Friday.

This is the weakest rate the naira has exchanged this year since it closed at N430.00 to a dollar last Tuesday.

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