Find below, the Dollar to Naira barter amount for today, 06 November 2023.
Findwhosabi News has acquired the official dollar to the naira barter amount in Nigeria today, including the Bureau De Change (BDC) amount and CBN rates.
What Is The Official Barter Amount For Dollar To Naira Today?
The barter amount amid the Naira and the US dollar according to the abstracts appear on the FMDQ Security Exchange, the official forex trading aperture showed that the Naira opened at ₦800.58 per dollar on Friday, November 3, 2023, and bankrupt at ₦776.14 per $1 on Friday, November 3, 2023.
However, the Naira is trading as aerial as ₦950 per Dollar at the atramentous bazaar alike admitting the Axial Coffer of Nigeria (CBN) appear the affinity of all segments of the adopted barter market.
The acme bank, had in a annular on Wednesday 14th June 2023, said all FX windows were now burst into the investors & exporters (I&E) window.
Re-introduction of the “Willing Buyer, Willing Seller” archetypal at the I&E Window. Operations in this window shall be guided by the actual annular on the enactment of the window, anachronous 21 April 2017, and referenced FM/DIR/CIR/GEN/08/007. All acceptable affairs are acceptable to admission adopted barter at this window.
“The operational amount for all government-related affairs shall be the abounding boilerplate amount of the above-mentioned day’s accomplished affairs at the I&E window, affected to two (2) decimal places.
“Proscription of trading banned on oversold FX positions with permission to barrier abbreviate positions with OTC futures. Banned on overbought positions shall be zero.
“Re-introduction of order-based two-way quotes, with bid-ask advance of N1. All affairs shall be austere by a Axial Counter Party (CCP).
“Reintroduction of Order Book to ensure accuracy of orders and seamless beheading of trades.
“The operational hours of trades shall be from 9 a.m to 4 p.m, Nigeria time.”
The acme acclaimed that added advice on the operational changes would be announced to accustomed dealers and the accepted accessible in due course.
The changes to operations in the country’s FX bazaar betoken that Nigeria has eased its ascendancy of the naira, acceptance the bounded bill to float freely.
Meanwhile, a free-floating barter amount occurs back a government allows the barter amount to be bent absolutely by bazaar armament and there is no attack to ask the axial coffer to access the alien amount of the barter rate.