According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux De Change Operators , the parallel market exchange dropped to N359 per dollar from N359.5 on Wednesday, translating to 50 kobo appreciation of the naira.Data from FMDQ showed that the indicative exchange rate for the window rose to N360.80 per dollar from N360.68 per dollar on Wednesday, translating to 12 kobo depreciation of the naira.
The volume of dollars traded on the window rose by 74 percent to $ 202.75 million from $116.29 million traded on Wednesday.
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Naira down at N358.5/$ in parallel market - Vanguard News NigeriaThe naira yesterday depreciated to N358.5 per dollar in the parallel market.
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