Naira exchanges ₦‎770.38 to dollar, drops 16.19%

The highest exchange rate recorded throughout the day's trade was 799 to the dollar.The naira fell against the dollar in the Investors and Exporters window on Monday, exchanging for 770.38 to the dollar.The local currency fell 16.19% as compared to the dollar at the conclusion of business on June 16. On Monday, the open indicative rate was 703.50 to the dollar. The highest rate reported throughout the day's trade was 799 to the dollar before it finished at 770.38.The naira sold for as low as ₦‎461 to the dollar within the day’s trading. A total of $78.03 million was traded at the official Investors and Exporters window on Monday.