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Naira trades at N773.4 to a US dollar in I&E window

The Naira traded at N773.4/$ at the investors and exporters (I&E) window on Wednesday, August 23, 2023.

Data from FMDQ Securities Exchange showed that the local currency opened with an exchange rate of N781.49 to the dollar and sold for an intra-day high of N799.9/$ before it settled at N773.4/$ on Wednesday.

This represented a 0.35 per cent depreciation.

A total of $45.34 million in FX value was traded at the I&E window on Wednesday.

At the parallel market, traders bought dollar at N885 and sold at N905, leaving a profit margin of N20.

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