Naira depreciates marginally 0.02% to $/N360.89 at I&E forex window

The Naira exchange rate depreciated -0.02 per cent on Monday at the Investors and Exporters (I&E) FX window, having opened at N360.25, traded high at N362.00 and eventually closed at N360.89 representing a 0.02 per cent depreciation as against last Friday’s closing position.

A total of $98.03 million was transacted through the I&E window.

At the Interbank forex market, declined 0.02 per cent to N307.00/$1, while the SMIS rate was higher by
1k to N357.52/$.

The cash and transfer rates at the parallel market remained stable at N358.50/$ and N362.50/$ respectively.