The Naira depreciated today by N1 to N409.75/$ from N408.75/$ yesterday at the Investors and Exporter (I&E) window.
This was inspite of the 394.4% increase in the volume of dollars traded (turnover) in the window to $171.85 million today from $34.76 million yesterday.
But the currency appreciated today by 50 kobo to N484.50/$ from N485/$ after it stabilized for three consecutive days in the parallel market.
Read Also: Forex Alert: Naira Appreciates by N1.05 Kobo to N408.75/$ in I & E Window
