Why shilling depreciated against US dollar in FY2022/23
Depreciation pressures were carried over from the last quarter of FY 2022/23
Source: monitor.co.ug
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Why the shilling depreciated against US dollar in FY2022/23
Depreciation pressures were carried over from the last quarter of FY 2022/23
Source: monitor.co.ug
Demand Pressure Forces Naira Down to N464/$1 at I&E Window as CBN Seeks More Control Across Markets….
In the just concluded week at the parallel market, the Naira maintained dominance at the open market as it edged out the dollar to gain N9 or by 1.21% week on week to close at N738/USD from N747/USD in the previous week. On the other hand, at the investors' and exporters’ FX window, the Naira |
Source: naija247news.com
Nigeria's Naira Rises against USD on I&E FXW as Bonny Light Price Nears USD100…
In line with our expectations, the Naira/USD exchange rate fell (Naira appreciated) by 0.08% to close at N416.00/USD at the I&E FX Window as Bonny Light price – Nigeria’s crude variant – touched USD94.16 per barrel as at Thursday, February 10, 2022. On the weak side, Naira depreciated against the greenback by 0.38% to close…
Source: naija247news.com
Rupee Jumps 22 Paise To 71.71 As Crude Oil Prices Ease
The Indian rupee appreciated by 22 paise to 71.71 against the US dollar in early deals as some easing in global crude oil prices boosted forex market sentiments. The domestic unit started the session on a positive note and held its ground in early transactions at the Interbank Foreign Exchange.
Source: newsnationtv.com