Naira drops against dollar by 0.46%

The rate represents a decrease of 0.46 per cent when compared to the ₦‎461.38 it exchanged to the dollar at the close of business on March 31.

The open indicative rate closed at ₦‎461.80 to the dollar on Monday.

A spot exchange rate of ₦‎466 was used for trading within the day before it settled at ₦‎463.50.

Spot exchange rate is determined instantly.

The Naira sold for as low as N460 to the dollar within the day’s trading.

A total turnover of US$ 175.40 million was traded at the official Investors’ and Exporters’ window.