texaco1: but what stop him from going to zenith bank nigeria to ask those questions and first hand answers and information?

guy, you are funny and you think they will tell her. is customers like you that use the card online that would know how much that was charged on exchange rate and not the staffs of the bank or do you think they use those exchange rate on their boards in the banking hall? Exchange rate they use on cards is different from what you see on boards.

mavinc4u:

guy, you are funny and you think they will tell her. is customers like you that use the card online that would know how much that was charged on exchange rate and not the staffs of the bank or do you think they use those exchange rate on their boards in the banking hall? Exchange rate they use on cards is different from what you see on boards.

then it is very simple ,log into the site u want to purcahse from , make an order ,go to the payment page and it will show u the exchange rate . Amazon does that all the time and I know many other reputable sites have their currency converter . That will give u an idea of the rate before u make an order

texaco1: then it is very simple ,log into the site u want to purcahse from , make an order ,go to the payment page and it will show u the exchange rate . Amazon does that all the time and I know many other reputable sites have their currency converter . That will give u an idea of the rate before u make an order

don't be too sure. is not all purchase sites that does that; showing you the exchange rate before making purchase. some don't even recognize naira, they only take their money and is left for master/visa card or your bank to do the conversion. is good to have idea of exchange rate before doing a transaction as it would help one in planing his/her budget on a transaction. my thought though.

mavinc4u:

don't be too sure. is not all purchase sites that does that; showing you the exchange rate before making purchase. some don't even recognize naira, they only take their money and is left for master/visa card or your bank to do the conversion. is good to have idea of exchange rate before doing a transaction as it would help one in planing his/her budget on a transaction. my thought though.

you have a point .then how will u go about it,the banks don't know ,people are tired of that question so they won't answer it and the sites u want to shop on won't convert it. The best thing to do is to have a base exchange rate which will and can accomodate any fluctuations .that is what business men do all over the world. Instead of asking for exchange rates on a daily basis just fix one . The naira has been between 165 to 167 for sometime . Why don't u just fix ur rate at 170 or 171 to a dollar.that is what I always do,my exchange rate has always been 170 to a dollar so that my calculations can absorb any fluctuations. Make all ur calculations on a base exchange rate ,even the shipment we did last week was based on a base figure and we got it. This is business and in business you must make accomodations for changes and be prepared for them

Good day importers.

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texaco1: but what stop him from going to zenith bank nigeria to ask those questions and first hand answers and information?

sorry to say this but those customer care folks at the banks are largely ignorant about questions like this. He has a better chance of getting an answer here. I think Zenith Bank MasterCard users are not popular on these streets hence he has not received a reply.

texaco1: you have a point .then how will u go about it,the banks don't know ,people are tired of that question so they won't answer it and the sites u want to shop on won't convert it. The best thing to do is to have a base exchange rate which will and can accomodate any fluctuations .that is what business men do all over the world. Instead of asking for exchange rates on a daily basis just fix one . The naira has been between 165 to 167 for sometime . Why don't u just fix ur rate at 170 or 171 to a dollar.that is what I always do,my exchange rate has always been 170 to a dollar so that my calculations can absorb any fluctuations. Make all ur calculations on a base exchange rate ,even the shipment we did last week was based on a base figure and we got it. This is business and in business you must make accomodations for changes and be prepared for them

Interesting, your write up would have been wonderful if the lady asked the question for a business purpose, she probably wants to get some personal effect online and she thought the best place to get that is a thread like this so is always good to handle every one with a general mindset instead of a business mindset. As for myself that asked a related question earlier; i was not even concerned about the exchange rate but was concerned about irregularities happening on a bank card in the name of exchange rate that would have opened the eyes of many using their card. what happens when you fix your rate at $171 and you were later charged $175 or $180? would you not ask questions to understand what is happening or would you keep quiet? In as much as business personnel takes risk in business, they also need information about the risk they want to take to balance the equation. why did you think a thread like this was created https://www.nairaland.com/68738/how-much-did-exchange-dollar/85 . we are in an I.T world where some bank I.T guys can decide to set a different exchange rate for you other than what other customers are being charged and you can only know about that if you have your information at hand. At times we draw conclusion without knowing the reason behind a question. is just a matter of typing three digit number for her if you know it or probably tell her no idea.

mavinc4u:

Interesting, your write up would have been wonderful if the lady asked the question for a business purpose, she probably wants to get some personal effect online and she thought the best place to get that is a thread like this so is always good to handle every one with a general mindset instead of a business mindset. As for myself that asked a related question earlier; i was not even concerned about the exchange rate but was concerned about irregularities happening on a bank card in the name of exchange rate that would have opened the eyes of many using their card. what happens when you fix your rate at $171 and you were later charged $175 or $180? would you not ask questions to understand what is happening or would you keep quiet? In as much as business personnel takes risk in business, they also need information about the risk they want to take to balance the equation. why did you think a thread like this was created https://www.nairaland.com/68738/how-much-did-exchange-dollar/85 . we are in an I.T world where some bank I.T guys can decide to set a different exchange rate for you other than what other customers are being charged and you can only know about that if you have your information at hand. At times we draw conclusion without knowing the reason behind a question. is just a matter of typing three digit number for her if you know it or probably tell her no idea.

even governments base their budget on base levels and exchange rates. You can't run a successful enterprise by moving up and down like a yoyo . How will a business be able to make a forecast if they have to be asking exchange rates everyday? If you are buying for urself or for business the best practise is not to use the bank rate as a standard but the parallel market rate which is the black market. When I was in ghana I learnt this trick from nigerian traders buying from there . They will always ask what is the black market rate before going there. If the bank rate is 150 and the black market is 180 it is the black market rate one will use . You will have to add some amount again to it to accommodate and exchange increase . Which means the exchange will be 183. This is just an example .even banks do this all the time,if u make a wu transfer to nigeria ,the banks will pay the recipient at their own rate Or cbn rate ,but if u want to buy from them u will notice that it will almost be the same as the black market rate. If you are doing importation business it is most advisable not to use bank rates for calculations but parallel market rate

Good day all.
Wish you success as you carry on with your importation business.
This is to introduce to you the one of the best intermediary logistics company in town
Rizmunaf global logistics for more info about them pls visit their thread https://www.nairaland.com/1921061/rizmunaf-global-logistic-rgl

texaco1: you have a point .then how will u go about it,the banks don't know ,people are tired of that question so they won't answer it and the sites u want to shop on won't convert it. The best thing to do is to have a base exchange rate which will and can accomodate any fluctuations .that is what business men do all over the world. Instead of asking for exchange rates on a daily basis just fix one . The naira has been between 165 to 167 for sometime . Why don't u just fix ur rate at 170 or 171 to a dollar.that is what I always do,my exchange rate has always been 170 to a dollar so that my calculations can absorb any fluctuations. Make all ur calculations on a base exchange rate ,even the shipment we did last week was based on a base figure and we got it. This is business and in business you must make accomodations for changes and be prepared for them

Exactly!

mavinc4u:

Interesting, your write up would have been wonderful if the lady asked the question for a business purpose, she probably wants to get some personal effect online and she thought the best place to get that is a thread like this so is always good to handle every one with a general mindset instead of a business mindset. As for myself that asked a related question earlier; i was not even concerned about the exchange rate but was concerned about irregularities happening on a bank card in the name of exchange rate that would have opened the eyes of many using their card. what happens when you fix your rate at $171 and you were later charged $175 or $180? would you not ask questions to understand what is happening or would you keep quiet? In as much as business personnel takes risk in business, they also need information about the risk they want to take to balance the equation. why did you think a thread like this was created https://www.nairaland.com/68738/how-much-did-exchange-dollar/85 . we are in an I.T world where some bank I.T guys can decide to set a different exchange rate for you other than what other customers are being charged and you can only know about that if you have your information at hand. At times we draw conclusion without knowing the reason behind a question. is just a matter of typing three digit number for her if you know it or probably tell her no idea.

I hope you know banks cannot charge Credit/Debit cards at the same exchange rate as you see on Google

Destination Country -
Nigeria: Tracking Consuming:10406 Millisecond
Origin Country -
Netherlands: Tracking Consuming:0 Millisecond , Cache Time:2014/09/26 13:01:14 2014-09-26 07:15, The item is at
the PostNL sorting center
2014-09-19 04:00, The item is pre-
advised


some1 shuld plz tel me d meanin

Happy weekend fellow importers.. .Enjoy your weekend ....

lifestyle1: Zenith Bank charges more than the black market rate.(#177 to 1$) stay away from them.

Jesus!

For me, I use 170/$1 for every transaction irrespective of the bank I'm using to make the payment. The thing is this, you will be charge different amount even if you use the card to pay for an item this time, same day!

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Please i can not find Tecno fones on Aliexpress.

darmochy1: Brand new (in box) Galaxy S5 With Air Gesture Support for Just 38k. Huge.discount for resellers. Pay-on-delivery. Free delivery nationwide. Check our thread to place your order:

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Why sell a knock-off as original, smh. Nairalanders should be beware

ExclusiveD: Pls guys whats d current exchange rate for zenith bank naira master card?....does it work well on aliexpress?

lifestyle1: Zenith Bank charges more than the black market rate.(#177 to 1$) stay away from them.

you are great. you have answered her question so i guess she would be happy now. A simple question with a Simple answer.

Promhize:
I hope you know banks cannot charge Credit/Debit cards at the same exchange rate as you see on Google

lol, promhize, it seems you didn't read all my messages or you probably quote the wrong person. the question you asked me was the same reply i sent to texaco1. see below.

mavinc4u:
guy, you are funny and you think they will tell her. is customers like you that use the card online that would know how much that was charged on exchange rate and not the staffs of the bank or do you think they use those exchange rate on their boards in the banking hall? Exchange rate they use on cards is different from what you see on boards.

texaco1: even governments base their budget on base levels and exchange rates. You can't run a successful enterprise by moving up and down like a yoyo . How will a business be able to make a forecast if they have to be asking exchange rates everyday? If you are buying for urself or for business the best practise is not to use the bank rate as a standard but the parallel market rate which is the black market. When I was in ghana I learnt this trick from nigerian traders buying from there . They will always ask what is the black market rate before going there. If the bank rate is 150 and the black market is 180 it is the black market rate one will use . You will have to add some amount again to it to accommodate and exchange increase . Which means the exchange will be 183. This is just an example .even banks do this all the time,if u make a wu transfer to nigeria ,the banks will pay the recipient at their own rate Or cbn rate ,but if u want to buy from them u will notice that it will almost be the same as the black market rate. If you are doing importation business it is most advisable not to use bank rates for calculations but parallel market rate

Nice one. you have given yourself the answer to all the tutorial in bold. Everything boils down to ask and get the information. As a business man, you have the parallel market to ask to get your rate and as an individual who needs personal stuff online; she has a thread like this to get her rate. A business personnel does not take risk without having the information about the risk

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Gentlesoul1: Someone should please track this for me.
RN063064603CN (China Post). Thank you

17.09.2014 16:42 DàZōngYóuJiànShōuJìChùLǐ Center Accepted from sender Ní日LìYà
17.09.2014 16:42 300399 Accepted from sender Nigeria
18.09.2014 08:35 Tianjin International Arrived at sorting center
18.09.2014 09:58 Tianjin International Left sorting center
19.09.2014 19:27 Beijing International Arrived at sorting center
20.09.2014 12:27 Beijing Send item abroad (Export) Nigeria

Agustephenogwo:
17.09.2014 16:42 DàZōngYóuJiànShōuJìChùLǐ Center Accepted from sender Ní日LìYà
17.09.2014 16:42 300399 Accepted from sender Nigeria
18.09.2014 08:35 Tianjin International Arrived at sorting center
18.09.2014 09:58 Tianjin International Left sorting center
19.09.2014 19:27 Beijing International Arrived at sorting center
20.09.2014 12:27 Beijing Send item abroad (Export) Nigeria

on the way coming to Nigeria

Someone should kindly track this for me: RM603002191CN(China post). Thanks

Promhize:

Why sell a knock-off as original, smh. Nairalanders should be beware

Beware of what? Did I ask for any deposit or u didn't see the 'pay-on-delivery' option or u don't kow the meaning of 'clone'

@Agust... And @Tweetum thanks to you guys. I have been reading item sent abroad on the tracking sites since 20th September till today.
Please how will it take to get to Nigeria? Today is 28th of September. Please answer me. Thanks

Gentlesoul1: @Agust... And @Tweetum thanks to you guys. I have been reading item sent abroad on the tracking sites since 20th September till today.
Please how will it take to get to Nigeria? Today is 28th of September. Please answer me. Thanks

Once it gets to Lagos, Nigeria, you'll get an update. Just know that there's nothing wrong with your item. Be patient bro.