By Tolulope Oke
According to the Peer-to-Peer forex trading segment, the Dollar to Naira exchange rate today, 18th of August is set at N682.30/$1.
The local currency incurred a N2 appreciation against its counterpart, as the previous day’s concluding figure at the P2P session was set for N684/$1.
At the Investors and Exporters (I&E) window, where formal forex trades take place, the exchange rate between the naira and the US dollar closed at N429.38/$1.
The value of the Naira gained little on Wednesday, rising 0.3% to settle at N429.38 in the official market from N430.67/$1 in the previous trading session.
Meanwhile, the value of the Naira slightly depreciated by 0.09 per cent to settle at N420.83/$1 in the official Central Bank of Nigeria (CBN) forex segment. This is as against Tuesday’s concluding trade of N420.46/$1.
According to black market sources in Lagos and Bureau De Change, today, Naira is purchased at N674/$1 to be sold at N681/$1- a decline of N1.
- READ ALSO: Dollar To Naira Exchange Today, 17th August 2022
- READ ALSO: Dollar To Naira Exchange Rate Today, August 16th 2022
In the crypto world, the updates are:
Litecoin (LTC) went south by 3.6 per cent to trade at $60.81, Binance Coin (BNB) recorded a 3.5 per cent slide to sell at $306.67, Ethereum (ETH) depreciated by 2.3 per cent to settle at $1,851.39, Bitcoin dropped 2.2 per cent to trade at $23,463.36 and Ripple (XRP) recorded a 1.9 per cent fall to trade at $0.3768.
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