Tag: I&E Window

  • I&E Window: Exchange Rate Reportedly Sells For N815/$1

    I&E Window: Exchange Rate Reportedly Sells For N815/$1

    The exchange rate between the naira and dollar sold for an intra-day high of N815/$1 at the official Investor & Exporter Window on Wednesday, June 21, 2023.

    The N815/$1 rate is the highest rate traded for the dollar on the official market since records tracking started in 2018.

    The exchange rate however closed at N763.17/$ at the close of business on Wednesday depreciating from N756.61/$1 recorded a day earlier.

    Meanwhile, the disparity between the black market and the official exchange rate market closed again on Wednesday with the official rates closing at N763/$1.

    The black market rate sold for between N760-N770/$1 according to Nairametrics..

    Recall that on Monday the official and parallel market rates closed at N770.38, a rare exchange rate parity.