U.S.-Dollar Exchange Rates as of 4:30 PM GMT+1, Friday, May 24, 2024


**U.S.-Dollar Exchange Rates as of 4:30 PM GMT+1, Friday, May 24, 2024**

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In the realm of global foreign exchange markets, the U.S. dollar witnessed varied movements against major currencies in the latest trading session, showcasing a mix of gains and losses.

**Euro (EUR) and Pound Sterling (GBP) Gain Against Dollar:**
– EURUSD experienced a slight uptick, rising by 0.39% to 1.0853 compared to the previous rate of 1.0811.
– GBPUSD followed suit, with a 0.42% increase, reaching 1.2747 from 1.2693.

**Dollar Loses Ground Against Ruble (RUB) and Naira (NGN):**
– USDRUB witnessed a decline of 0.62%, with the exchange rate dropping to 89.4600 from the previous 90.0181.
– USDNGN saw a notable increase of 2.04%, reaching 1473.5000 compared to the previous rate of 1444.0416.

**Other Major Currency Movements:**
– USDZAR experienced a slight decline of 0.26% to 18.4246 from 18.4726.
– USDCAD witnessed a decrease of 0.53%, with the rate falling to 1.37 from 1.3733.

These fluctuations reflect the dynamic nature of the global foreign exchange markets, influenced by various economic and geopolitical factors. Traders and investors continue to monitor these shifts closely to inform their trading strategies and investment decisions.

Godwin Okafor
Godwin Okaforhttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

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