{"id":97499,"date":"2023-10-18T08:39:59","date_gmt":"2023-10-18T07:39:59","guid":{"rendered":"https:\/\/bodexng.com\/?p=97499"},"modified":"2023-10-18T08:40:02","modified_gmt":"2023-10-18T07:40:02","slug":"exchange-rate-devalues-to-n848-on-ie-window","status":"publish","type":"post","link":"https:\/\/bodexng.com\/2023\/10\/exchange-rate-devalues-to-n848-on-ie-window\/","title":{"rendered":"Exchange rate devalues to N848 on I&E Window"},"content":{"rendered":"
<\/div>\n

The exchange rate between the naira and dollar devalued to N848\/$1 on the official investor and exporter window on October 17th, 2023. It also traded at a record at an intra-day high of N981\/$1.<\/p>\n\n\n\n

This is according to data from the FMDQ website which publishes the daily exchange rate on the Nigerian forex exchange market where forex is sold officially.<\/p>\n\n\n\n

This is the lowest the naira has ever traded officially. Before now, the lowest the naira had traded officially was N803.90\/$1 recorded on the 14th of July 2023.<\/p>\n\n\n\n

A review of the closing rate for October 17th reveals the official exchange rate closed at N848.12\/$1 as against N778.80\/$1 recorded a day earlier.<\/p>\n\n\n\n

The exchange rate also sold for as high as N981\/$1 on the official market signifying a major change in the pricing of the dollar at the official market.<\/p>\n\n\n\n

Meanwhile, the lowest rate sold on the day was just N758.50\/$1.<\/p>\n\n\n\n

Total turnover during the day was just $134.28 million.<\/p>\n\n\n\n

Meanwhile, at the black market, the exchange rate quoted for around N1,050\/$1, while for inflow it was around N1,070\/$1.<\/p>\n\n\n\n

On the P2P market, the exchange rate quoted for as high as 1,060\/$1<\/p>\n","protected":false},"excerpt":{"rendered":"

The exchange rate between the naira and dollar devalued to N848\/$1 on the official investor and exporter window on October 17th, 2023. It also traded at a record at an intra-day high of N981\/$1. This is according to data from the FMDQ website which publishes the daily exchange rate on the Nigerian forex exchange market […]<\/p>\n","protected":false},"author":886,"featured_media":94520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":[]},"categories":[427],"tags":[],"class_list":["post-97499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_publicize_connections":[],"yoast_head":"\nExchange rate devalues to N848 on I&E Window<\/title>\n<meta name=\"description\" content=\"The exchange rate between the naira and dollar devalued to N848\/$1 on the official investor and exporter window on October 17th, 2023. 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