Naira Appreciates 0.61% Against the US Dollar

The Nigerian Naira appreciated at the official market on Monday, trading at N1,607.15 to the United States Dollar.

According to data from the official trading platform of the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market, the Naira gained N9.93, representing a 0.61 percent increase when compared to the previous trading date on August 2, when it exchanged at N1,617.08 to the US Dollar. 

However, the total daily turnover reduced to 77.09 million US Dollars on Monday, down from 131.55 million US Dollars recorded on August 2. Conversely, at the Investor’s and Exporter’s window, the Naira traded between N1,620.50 and N1,570.00 against the US Dollar.