The Nigerian naira, on Friday, sold for as high as N632 per dollar at the investors and exporters (I&E) window amid increased demand.
The figure is the highest intraday rate ever recorded since the introduction of the window in April 2017.
Data from FMDQ OTC Securities Exchange, a platform where FX is officially traded, showed that the opening sale price for Friday was N463.75/$, but it declined by 0.18 percent to close at N464.51/$
The highest spot rate for the day was N632/$ while the lowest was N410/$.
At the end of the trading day, the market recorded a total of $144.72 million transactions.
Meanwhile, the exchange rate between the naira and the US dollar depreciated to N775/$ at the parallel market on Friday.