The Naira depreciated against the dollar on Wednesday, exchanging for N463.02 at the investors’ and exporters’ window.
The rate represents a decrease of 0.17 per cent when compared to the N462.25 it exchanged to the dollar on Tuesday.
The open indicative rate closed at N463 to the dollar on Wednesday.
A spot exchange rate of N467 was used for trading within the day before it settled at N463.02.
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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$ 178.68 million was traded at the official Investors’ and Exporters’ window.