Data from the FMDQ securities exchange window where forex is
officially traded showed that the rate reflected a N0.17 or 0.04 per cent
decline from N461.33 the local currency traded last Friday.
According to the market data posted, the naira experienced an
intraday low of N462.42 per dollar and a high of N460.00 before it closed at
N461.50 per $1 on Monday, the same rate it traded last Wednesday.
The spot market segment recorded $101.77 million as foreign
exchange turnover within the business period on Monday, the FMDQ data revealed.
Similarly, the naira fell significantly against the
greenback at the unauthorised window on Monday.
Mon March, 11:05:01 AM
— ₦aira Rates (@naira_rates) March 27, 2023
💵 1 USD >>>>> ₦743.390
💷 1 GBP >>>>> ₦924.479
💶 1 EUR >>>>> ₦812.673
v1.0.6
Market rates collated across States on Monday showed that
the dollar was exchanged at N743.39 per $1.
This represents a N3.29 or 0.44 per cent depreciation from
N740.10 per $1 it exchanged in the previous market window last Friday.
The spread between the authorised and unauthorised markets
stood at N281.89, leaving a margin of 61.1 per cent at the close of business on
Monday.