Daily FX Rate – GTBank Sells Dollar at N1,495 for Foreign Payment
As the Nigerian naira continues to maintain a strong trading trend across foreign exchange markets, update from GTBank shows that US dollar is now quoted at N1,4595 for foreign payment through its naira debit card.
In its daily fx update for international transactions on GTBank naira card, fx quote appreciated from as high as N1545 in the recent past week.
The US dollar volume sold to GTBank was quoted at N1,480 during intraday trading hours, suggesting the naira is gaining strength at the official window. Channel checks conducted by MarketForces Africa showed that GTBank bought dollar from customers at N1,490 earlier in the week.
The intraday FX sales have been between N1,480 and N1,500, reflecting a positive outlook for the local currency. The Naira debit card can be used to settle online payments across channels.
In the parallel market, a channel check showed that Bureau de change operators are selling US dollar between N1515 and N1530 – of course, denomination and volume appear to matter for each deal.
