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FX Market
The Nigerian naira closed relatively flat at N1,328 per US dollar in the foreign exchange market
The South African rand or ZAR has weakened against major currencies, trading at R16.56 per U.S. dollar (USD), R19.29 per euro (EUR), and R22.11 per British pound (GBP), First National Bank said in a note on Friday.
Naira Slips as Interbank FX Turnover Reduces at Official Window The naira, Nigeria’s local currency,…
The South African Rand strengthened moderately against major currencies, rebounding from a two-day losing streak, First National Bank (FNB) said in its morning brief on Thursday.
The naira regained value at the Nigerian foreign exchange market (NFEM) on Wednesday as improved hard currency liquidity reduced pressures from surging FX demand for international payments and settlements.
The Nigerian naira dived across Nigerian foreign exchange markets against the US dollar, reflecting increased demand for offshore payments and other settlements.
The naira drifted against the US dollar at the official window on Friday, reflecting a momentary shift in foreign currency liquidity amid a surge in demand.