On November 13, 2025, the Nigerian Foreign Exchange Market (NFEM) observed a stable exchange rate of approximately ₦1,440.08 per US Dollar. The parallel market also showed similar trends, indicating continued stability.
NFEM Exchange Rate Details
- Opening Rate: ₦1,440.08/$
- Highest Rate: ₦1,442.17/$
- Lowest Rate: ₦1,440.08/$
- Previous Closing Rate: ₦1,440.89/$
Parallel Market Rates
- Buying Rate: Around ₦1,450/$
- Selling Rate: Around ₦1,460/$
This relative stability in both markets reflects ongoing efforts by the Central Bank of Nigeria (CBN) to stabilize exchange rates and improve market efficiency. Market analysts are monitoring the impact of various monetary policies and the inflow of foreign investments, which will be crucial in shaping the Naira’s performance against the Dollar in the near future.
