BREAKING: Official exchange rate depreciates to N1,533.99, worst in May

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The exchange rate between the naira and dollar in the official NAFEM Window depreciated to N1,533.99/$1 on Thursday May 14, 2024.

This represents a a massive 5.14% drop in one day when compared to the N1459.02/$1 recorded a day earlier.

The exchange rate snapped one week of loses to close stronger on Wednesday, however it appears that was a blip with the rate falling to the lowest this month.

This is a developing story….

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Source link: Nairametrics

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