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The nation’s foreign reserve has been on a downward trend due to the continuous intervention by the CBN in the official market to maintain the stability of the local currency. Meanwhile, a total of $119.49 million exchanged hands at the official market on Wednesday, 28th September 2022, a 20.17% increase from $99.43 million that was traded on Tuesday. A total of $119.49 million in FX value was traded in the Investors and Exporters window on Wednesday, which is 20.17% higher than the $99.43 million that exchanged hands on Tuesday.

A total of $83.71 million in FX value was traded in the Investors and Exporters window on Monday which is 16.11% lower than the $99.78 million that exchanged hands on Monday. Recently when they were shopping, he picked up a lower that was pornographic with a traditional language. A total of $101.74 million in FX value was traded in the Investors and Exporters window on Thursday, which is 24.1% lower than the $133.97 million that exchanged hands on Wednesday.

On the other hand, the exchange rate between the naira and the US dollar closed at N436/$1 at the official Investors and Exporters window on Monday, 26th September 2022, a slight appreciation of 0.08% from N436.33/$1 recorded in the previous session The exchange rate between the naira and the US dollar at the parallel market traded at N712/$1 on Friday morning, 23rd September 2022 same as recorded in the previous trading session. A total of $78.1 million in FX value was traded in the Investors and Exporters window on Monday, which is 26.4% lower than the $106.11 million that exchanged hands on Friday.

Despite the uptrend in the exchange rate, forex turnover dipped to $78.1 million on Monday, a 26.4% decline from $106.11 million that exchanged hands last week’s Friday. Meanwhile, a total of $99.43 million was traded on Tuesday, which is 27.31% higher than the $78.1 million that exchanged hands on Monday. The exchange rate between the naira and the US dollar continued its depreciation as it recorded a fall of 0.42% on Wednesday morning, 28th September 2022, to trade at N725/$1 at the parallel market, compared to N722/$1 traded on Tuesday, the previous trading session.

The naira fell slightly by 0.08% against the US dollar to close at N436.33/$1 at the official Investors and Exporters window on Tuesday, 27th September 2022, compared to N436/$1 recorded in the previous session. The exchange rate between the naira and the US dollar recorded a massive depreciation on Tuesday morning, 27th September 2022, to trade at N722/$1 at the parallel market, representing a depreciation of 1.26% from N713/$1 traded on Monday, the previous trading session Read on to find out more about forex robots, which marketed robots have the best track record and offer good value for money and how using a forex robot might improve your success as a currency trader.

Similarly, the local currency depreciated at the cryptocurrency peer-to-peer FX market, trading at a minimum of N716.