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Home News Business & Economy Finance

Forex Alert: Naira depreciates by N6 to N485/$ in Parallel Market

March 5, 2021
in Finance, News
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Forex Alert: Naira depreciates by N6 to N485/$ in Parallel Market
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The Naira depreciated by N6 to N485 after stabilizing four consecutive times at N479/$ in parallel market.

Similarly, the currency depreciated today by N4.50 kobo to N411/$ from N406.50/$ yesterday at the Investors and Exporter (I&E) window.

This follows a 25.29% rise in the volume of dollars traded (turnover) in the I & E window to $83.93 million today from $66.99 million yesterday.

Read Also: Forex Alert: Naira appreciates by N4.50kobo to N406.50/$ in I & E Window

Tags: DepreciateForexNaira
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