The naira today recorded mixed performances in the forex market depreciating by N1 in the parallel market while appreciating by 17 kobo in the Investors and Exporters (I&E) window.
According to naijabdcs.com, the parallel market exchange rate rose to N477/$ at the close of business today, from N476/$ yesterday. This implies N1 depreciation of the naira.
However, the I&E widow exchange rate dropped slightly to N394.67/$ at the close of business today from N394.84/$ yesterday, translating to 17 kobo appreciation of for the naira.
On the other hand, the volume of dollars (turnover) traded in the I&E window rose by 79 percent to $200.34 million today from $112.08 million on yesterday.