What is NAFEX?

What is NAFEX?

NAFEX – The Nigerian Autonomous Foreign Exchange Fixing is the reference rate for Spot FX operations in the Autonomous FX Market which comprises recognized FX trading segments, including but not limited to the Inter-bank market, the I&E  FX Window and any such approved and recognised trading segment as may be defined from time to time. NAFEX is used in daily valuation and settlement of the OTC FX Futures Contracts.

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