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Monthly Average Exchange Rates of the Naira(Naira Per Unit of Foreign Currency) - 2015


  2015
Month December February March
DAS (USD) 169.68
IFEM (USD) 196.99 194.48 197.07
BDC (USD) 258.30 213.03 222.93
GB POUNDS 295.39 274.79 295.60
EURO 214.00 204.78 213.74
CFAFr 0.32 0.31 0.32
       
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Export to Excel Monthly Average Exchange Rates of the Naira
DAS/WDAS = Dutch Auction System/Wholesale Dutch Auction System, IFEM is Inter-bank Foreign Exchange Market, BDC is Bureau de Change

* DAS/WDAS exchange rate from August 2005, include 1 per cent commission

*Exchange rate for February 2015 was as at February 18th when the retail DAS segment of the FOREX market was closed.
Facts : 1/1/1995
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing. Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.
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