Naira To Dollar Exchange Rate Worse Today

The Naira to Dollar exchange rate today brought even more concern going further down to N1,612 to $1 at official market .

It had traded N1,609 on Tuesday May 6, going by data provide by the Central Bank of Nigeria (CBN) as against its performance of N1,615 to $1 yesterday.

In all the Naira to Dollar exchange picture had remained inconsistent for a while, symptomatic of fiscal policy inconsistency as well.

It has usually made key investment decisions dicey for operators.

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At the parallel market, the naira exchanged at N1,625 for $1 on Wednesday, slightly weaker than the N1,615/$1 recorded on Tuesday.

On Monday, the rate stood at N1,605/$1, indicating a daily loss of N10 between Monday and Tuesday.