Naira and dollar

The Investor and Exporter Window where forex is sold officially has recorded a cumulative turnover of $9.5 billion over the past 10 weeks since September 1st.

This huge uptick in forex turnover means that by November month-end, the market would have seen a turnover of $10.8 billion in three months between September to November 2021 (i.e., a monthly average of $3.6 billion). Nairametrics maintains a record of forex turnover published daily by the FMDQOTC.

Specifically, in September the daily average forex turnover increased to $199.7 million and October was also a daily average of $199.5 million.