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NairaWatch: Naira depreciates against US dollar, exchange rate – ₦462$1, ₦600/₤1

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naira exchange rate
Nigeria’s Naira has continued to depreciate against the United States’ dollar as the exchange rate as at today, Thursday, October 15, stands at ₦462 US$1 in the parallel market.

Naira Watch reported that the exchange rate on Wednesday, October 14, closed at ₦461/US$1 in the parallel market.

  • Naira: ₦462
  • Dollar: $1
  • Date: October 15th, 2020

Nigeria’s Naira has also depreciated against British pound sterling as the exchange rate as at today, Thursday, October 15, stands at ₦600/₤1 but closed at ₦591/₤1 on Wednesday, October 14.

  • Naira: ₦600
  • Pounds Sterling: ₤1
  • Date: October 15th, 2020

Meanwhile, the local currency has remained stable against European euro as the exchange rate as at today, Thursday, October 15, stands at ₦532/€1 and also closed at ₦538/€1 on Wednesday, October 14.

  • Naira: ₦532
  • Euro: €1
  • Date: October 15th, 2020

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