Nigeria’s external reserves fall by $1.9 billion in three months

See Exchange Rate Tonight As Naira Crashes All Time Low Against Dollar

The exchange rate between the naira and the dollar fell to as low as N788/.42/$1 on the I&E window at trading Tuesday, July 11, 2023.

This represents a 5.96% depreciation from the previous day’s close of N744/$1.

See Exchange Rate Tonight As Naira Crashes All Time Low Against Dollar

 

This is also the lowest the naira has fallen against the dollar on the official I&E window since its inception in 2017. and lowest since the window was revised on June 14, 2023.

Before now, the lowest was N770.38/$1 on the 19th of June 2023 just three days after the new window came into operation.

The exchange rate has traded at an average of about N746/$1 for the last 14 trading days.