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NairaWatch: Naira depreciates against US dollar, exchange rate – ₦463$1, ₦595/₤1

BY David Oladele

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NairaWatch

Nigeria’s Naira has depreciated against the United States’ dollar as the exchange rate as at today, Monday, October 26, stands at ₦463 US$1 in the parallel market.

NairaWatch reported that the exchange rate on Friday, October 23, closed at ₦462/US$1 in the parallel market.

  • Naira: ₦463
  • Dollar: $1
  • Date: October 26th, 2020

Nigeria’s Naira has also depreciated against British pound sterling as the exchange rate as at today, Monday, October 26, stands at ₦595/₤1 but closed at ₦592/₤1 on Friday, October 23.

  • Naira: ₦595
  • Pounds Sterling: ₤1
  • Date: October 26th, 2020

Meanwhile, the local currency has remained stable against European euro as the exchange rate as at today, Monday, October 26, stands at ₦540/€1 and also closed at ₦540/€1 on Friday, October 23.

  • Naira: ₦540
  • Euro: €1
  • Date: October 26th, 2020

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