official market first trading day after Christmas holiday

This represents an N13.29 gain or a 1.52% increase in the local currency compared to the N885.88 closed on Friday last week.     
The intraday high recorded was N1235.65/$1, while the intraday low was N740/$1, representing a wide spread of N495.65/$1.     
According to data obtained from the official NAFEM window, forex turnover at the close of the trading was $127.93 million, representing a 38.81% increase compared to the previous day.     
However, the naira dropped marginally at the parallel forex market where forex is sold unofficially, the exchange rate quoted at N1233/$1, representing a 0.24% decline over what it closed the previous day, while peer-to-peer traders quoted around N1197.60/$1