Yes looking at Naira's appreciation over the dollar coupled with positive outlooks and current trends in the price of PM it is clear that PM is dropping down.

Don't be surprised to see $1=#190 for PM by next week.

SOURCE

Ehn

I said it and its happening before our very eyes! Just like the stock market crash. Hope nobody commits suicide though.

PM going down to #180 per $1

Exchange rate of 1 dollar is currently #200

deltateam:
Exchange rate of 1 dollar is currently #200

Pls i want to buy can u give me a ph no to call? Am in Abuja. Thank u.

deltateam:
Exchange rate of 1 dollar is currently #200

Don't be in haste to conclude. The Dollar is falling due to large supply and low demand. But electronically the dollar is still expensive.

As a matter of fact I just sold $26,700 @ N210 why guys are selling $217. The scope now is to send money to a Dom and charge for it at exorbitant naira price.


For me mine was in a Chinese dollar account, I didn't even sweat to get it as I got the dollar for way cheaper price then sold at N210.

I love the currency business. You gain big or loose big. You just have to play wise.


Most BDC are not even buying dollars again. Example is one of Abuja biggest BDC, 313BDC wuse 2, they are not buying.

After 3-4 weeks when the circulation of dollars in the market has reduced the price will begin to rice again.


Now the implication of the fx turn around is since the dollars at the parralel market is expected to fall below the CBN official rate in coming days. Then Send raw cash dollars to china, India and turkey where Nigeria importers make deals. Then have those cash used to help Nigerians pay electronically at cheaper price this will make you compete even with the Banks and make huge money.

Before the dollar falll, for the previous 3weeks I have been sending money to china at 233naira a dollar for agents while black market price was 245. Now it's time to turn the payment around convert raw dollars to electronic payment and crash the price making profit.

Doing this you can even beat the stanbic ibtc rate of 199.5 never say never.

I love the naira now.