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NairaWatch: Naira maintains stability against US dollar, exchange rate – ₦462$1

BY David Oladele

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Nigeria’s Naira has maintained its stability against the United States’ dollar for the third time as the exchange rate as at today, Tuesday, October 20, stands at ₦462 US$1 in the parallel market.

NairaWatch reported that the exchange rate on Monday, October 19, also closed at ₦462/US$1 in the parallel market.

  • Naira: ₦462
  • Dollar: $1
  • Date: October 20th, 2020

Nigeria’s Naira has appreciated against British pound sterling as the exchange rate as at today, Tuesday, October 20, stands at ₦592/₤1 but closed at ₦596/₤1 on Monday, October 19.

  • Naira: ₦592
  • Pounds Sterling: ₤1
  • Date: October 20th, 2020

The local currency has also remained stable against European euro as the exchange rate as at today, Tuesday, October 20, stands at ₦540/€1 and also closed at ₦540€1 on Monday, October 19.

  • Naira: ₦540
  • Euro: €1
  • Date: October 20th, 2020 

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