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Exchange Rate: Outlook of Ghana’s cedi against foreign currencies

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On the interbank board today May 17, 2021, the Ghana Cedi started the 21st trade week of the 2021 fiscal year on a stable note as it is trading against the dollar at a buying price of 5.7278 and a selling price of 5.7336. This means the exchange rate hasn’t changed from Friday’s trading of a buying price of 5.7278 and a selling price of 5.7336.

It is trading against the Pound Sterling at a buying price of 8.0722 and a selling price of 8.0809 as compared to last Friday’s trading of a buying price of 8.0740 and a selling price 8.0826.

The Euro is trading at a buying price of 6.9516 and a selling price of 6.9585 as compared to last Friday’s trading of a buying price of 6.9162 and a selling price of 6.9230.

The South African Rand is trading at a buying price of 0.4058 and a selling price of 0.4062 as compared to last Friday’s trading of a buying price of 0.4076 and a selling price of 0.4080.

Nigeria’s Naira is trading at a buying price of 71.6579 and a selling price of 71.6614 as compared to last Friday’s trading of a buying price of 71.6282 and a selling price of 71.6736.

And the CFA is trading at a buying price of 94.2670 and a selling price of 94.3606 as compared to last Friday’s trading of buying price of 94.7504 and a selling price of 94.8436.

Source: www.ghanaweb.com

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