Naira drops against dollar by 0.46%

 


On Monday, the Nigerian Naira experienced a decline in value against the US dollar, with an exchange rate of N463.50 at the investors’ and exporters’ window. 


This rate signifies a 0.46% decrease compared to the N461.38 rate at the close of business on March 31. 


The open indicative rate for Monday closed at N461.80 to the dollar. During trading within the day, a spot exchange rate of N466 was initially used before settling at N463.50.


The spot exchange rate is determined immediately and the Naira traded for as low as N460 to the dollar within the day. The official Investors’ and Exporters’ 

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