The foreign exchange (FX) market trading closed for the year on Friday with naira losing 96.55 percent of its value against the dollar at the official market.
At the end of 2023 trading, naira depreciated by 96.55 percent year-on-year as the dollar was quoted at N907.11 on Friday compared to N461.61 quoted at the end of 2022 at the Nigeria Autonomous Foreign Exchange Market (NAFEM), data compiled by BusinessDay from the FMDQ indicated.
On a day to day basis, naira appreciated by 13.04 percent as the dollar was quoted at N907.11 on Friday as against N1,043.09 on Thursday.
https://businessday.ng/news/article/nai ... al-market/
Naira ends year with 96.55% loss to dollar at official market
(182 reads) See also â–ş Gems Market: Buy Gems, P2P, Exchanges, Trading
Share:
When money realizes that it is in good hands, it wants to stay and multiply in those hands 🤲💸💵💰
-
Jared
- Contact:
Very bad news. And I saw a forecast that the Naira will be worse in 3024, next year. Why won't people japa?
Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. đź’°
-
- Similar Topics
- Replies
- Views
- Last post
-
- 4 Replies
- 135 Views
-
Last post by Land1ord