The value of the Nigerian currency has appreciated against the United States dollar in the unofficial market but fell in the Nigerian Foreign Exchange Market (NFEM).

Put simply, exchange rates compare the value of one currency to another. They measure how much of one currency it takes to purchase a unit of another. Exchange rates are ultimately determined in ...

When the world moved away from constant currency rates pegged to gold and silver, it was meant to be a temporary measure. The global floating currency system was adopted on August 15, 1971 ...

Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below its market value.

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