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FX Market
The naira closed at N1,353.9741 per US dollar in Nigeria’s foreign exchange market on Friday, appreciating from the previous quote of N1,355.8855 as international payment pressures eased.
The naira depreciated strongly against the US dollar in the Nigerian foreign exchange market (NFEM) on Wednesday as pressure on the local currency deepened.
The official exchange rate weakened to near N1,351 as the Naira continued to face selloffs, driven by rising demand for international payments, settlements of offshore liabilities, and offshore repatriations.
South African Rand Trades Soft on U.S. Dollar Rally The South African rand traded weaker…
The naira exchange rate improved to N1378 per US dollar at the Nigeria Foreign Exchange Market
South African Rand Softens Versus Crosses as Brent Rises The South African rand softened against…
South Africa Rand Slips as Geopolitical Twist Favours US Dollar South African Rand slipped against…
The naira depreciated by N7.52 kobo per US dollar in the foreign exchange (forex) market…
South African rand opens firmer on Tuesday ahead of net and gross reserves updates from the central bank.