Naira To Dollar Today, 12th October, Falls Across Fx Market

By Tolulope Oke

The Naira to Dollar exchange rate at the parallel market also known as the black market today, 12th October is set at N738/$1. This indicates an increase of N2 as the previous trading session was traded at N736/1.

In the same vein, the Naira depreciated by N7 to settle at 738.21 this morning in contrast to N731.94/$1 on Tuesday morning The Eagle observed at the Peer-to-peer segment.

The naira/dollar exchange rate at the Investors and Exporters (I&E) official window slumped by 0.46 per cent to close at N441.17/$1 yesterday, 11th October as against the N439.17/$1, it closed on Friday, 7th October.  The opening indicative closed at N439.40.

In the Central Bank of Nigeria (CBN) foreign exchange segment, the Naira settled at N435.27 yesterday as against N434.78/$1 it concluded last week’s trading session.

READ ALSO: Dollar To Naira Rate Today, 11th October, 2022

READ ALSO: Dollar To Naira Today, 7th October, 2022

Meanwhile, in the digital currency market, Bitcoin, Ethereum and four other coins recorded a bullish movement in trade after commencing the week on a bearish stance.

Bitcoin (BTC) jumped by 0.22% to settle at $19,152.14, Ethereum (ETH) jumped by 1.04% to sell at  $1,298.61, Litecoin (LTC) appreciated by 1.39% to trade at $52.68, Bitcoin Cash (BCH) appreciated by 0.18% to trade at $111.9, IOTA appreciated by 0.92% to sell at $0.2624, and DSH appreciated by 2.30% to settle at $42.25.

While, Ripple (XRP) slumped by 0.25% to trade at $0.4856, and ADA fell by 0.60% to settle at $0.3941.