Dollar To Naira Exchange Rate, Today 13th September, 2022

By Tolulope Oke

The black market Dollar to Naira exchange rate today, 13th of September 2022 is set at N708/$1, according to currency traders in Lagos.

Despite the new policy banks adopted to curb the scarcity rate of forex bites harder, the unregulated trading sector appreciated by N3 against the American currency as the previous session was concluded at N711/$1.

In the Peer-to-peer window (P2P), the local currency declined against its counterpart as this morning’s trade stood at N705.46/$1 compared to the 705.84/$1 it traded at this same time yesterday.

In the Investors & Exporters (I & E) forex trading segment, trade opened at N434.40/$1 to close at N436.50/$1, representing a Naira’s slump of 0.04 per cent when compared to N436.33/$1 it traded on Friday.

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The Central Bank of Nigeria (CBN) reports that the exchange rate for the US dollar is 428.51/$1 as of today, September 13, 2022.

Compared to N428.1/$1 the trade ended on Friday, the American currency appreciated by 0.10 per cent against the local currency.

Despite commencing the week’s trade on a positive note, all eight digital coins have slumped in the past 24 hours of trade.

Bitcoin (BTC) slumped by 0.23 per cent to sell at $22,198.4, Ethereum (ETH) fell by 2.66 per cent to sell at $1,710.42, LTC fell by 0.30 per cent to trade at $62.28, BCH slumped at 2.13% to be exchanged at $128.7.

IOTA fell by 1.95% to sell at $0.2912, XRP depreciated by 0.56% to sell at $0.3544, ADA  fell by 2.51% to sell at $0.5008, and  DSH slumped by 3.67% to sell at $47.26.