Dollar To Naira Rate Today, 21st October

The exchange rate between the dollar to Naira in the black market segment today, 21st October is sold at a minimum of N753/$1. This is according to currency traders in Lagos and Ibadan.

The naira decreased in value at the cryptocurrency peer-to-peer FX market on Friday morning, dropping by 0.29% from the N746.57/$1 transacted at the same time on Thursday, October 20, 2022, to a minimum of N748.7/$1.
However, in the Investors and Exporters (I&E) window, the local currency appreciated against the greenback yesterday by 8 Kobo or 0.08 per cent to sell for N441.13$1 compared with the preceding session’s N441.25/$1.

The turnover of foreign exchange transactions, according to information from the FMDQ Securities Exchange, was $180.56 million, however, this pressure from foreign exchange demand had no adverse effects on the naira’s exchange rate.

• READ ALSO: Dollar To Naira Rate Today, 18th October, 2022
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In the Central Bank of Nigeria (CBN) foreign exchange segment, the local currency remained flat at N437.11/$1 – the same value it closed trade on Wednesday, 19th October 2022.

However, when doing a quick review of the week’s stats, the dollar started the week at N436.85 on Monday, 17th Ocobter, until Wednesday, N437.11, we’ll realize that the local currency slumped by 0.03 per cent against the American currency.

Trades in the crypto world have continued on the bearish movement with Binance BNB) losing 1.5% to close at $267.66, Dogecoin (DOGE) dropping a 1.4% decline to quote at $0.0588, Solana (SOL) fell to a 4% decline to end at $28.03, Ripple (XRP) saw a 2.8 % decline to close at $0.4459, Litecoin (LTC) dropped by 1.0 per cent to trade at $51.05, Bitcoin (BTC) lost 0.4 per cent to close at $19,051.20, and Ethereum (ETH) saw its value go down by 0.2 per cent to sell at $1,287.86.