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Most exchange rates are determined by the foreign exchange market forex. The Dollar has taken a downward turn, reversing some of the gains the currency saw yesterday. 1300, although yesterday' s 10- day high at 1.
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Forex Watch: Naira Maintains Stability Against Dollar 1 month ago. The Naira on Monday maintained stability against the dollar at the parallel market in Lagos, exchanging at N358 to the dollar.