Naira depreciates to N360.27 in NAFEX

The naira, yesterday, depreciated to N360.27 in the Investor and Exporter (I&E) Foreign Exchange, forex Window.

The indicative exchange rate for the I & E forex Window, known as Nigerian Autonomous Foreign Exchange, NAFEX, depreciated to N360.27 per dollar, yesterday, from Monday’s market rate which stood at N360.20 per dollar. This indicates a 7 kobo decline.

Meanwhile, the volume of dollars traded in the window, yesterday, was $86.99 from $266.41 million exchanged on Monday.

The parallel market rate for the naira was exchanged at N363 per dollar and has remained stable for over two weeks.

The post Naira depreciates to N360.27 in NAFEX appeared first on Vanguard News.

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