The exchange rate of the Nigerian Naira to the US Dollar stands at ₦‎770.38, reflecting a significant decrease of 16.19%.


On Monday, the Nigerian Naira experienced a depreciation against the US Dollar at the Investors and Exporters window, with an exchange rate of ₦‎770.38 to the dollar. This represents a significant decrease of 16.19% compared to the rate of ₦‎663.04 recorded on June 16 at the close of business.

The open indicative rate for the day closed at ₦‎703.50 to the dollar.

During the day’s trading, the exchange rate reached a high of ₦‎799 to the dollar before settling at ₦‎770.38. On the other hand, the Naira reached a low of ₦‎461 to the dollar during the trading period.

A total of $78.03 million was traded at the official Investors and Exporters window on Monday.

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