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NairaWatch: Naira remains stable against US dollar, exchange rate – ₦462$1

By David Oladele

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Nigeria’s Naira has remained stable against the United States’ dollar as the exchange rate as at today, Friday, October 16, stands at ₦462 US$1 in the parallel market.

NairaWatch reported that the exchange rate on Friday, October 15, also closed at ₦462/US$1 in the parallel market.

  • Naira: ₦462
  • Dollar: $1
  • Date: October 16th, 2020

Nigeria’s Naira has appreciated against British pound sterling as the exchange rate as at today, Friday, October 16, stands at ₦596/₤1 but closed at ₦591/₤1 on Thursday, October 15.

  • Naira: ₦596
  • Pounds Sterling: ₤1
  • Date: October 16th, 2020

Meanwhile, the local currency has depreciated against European euro as the exchange rate as at today, Friday, October 16, stands at ₦540/€1 but also closed at ₦532€1 on Thursday, October 15.

  • Naira: ₦540
  • Euro: €1
  • Date: October 16th, 2020

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