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Naira may depreciate to 386/dollar in H2 —PwC
Published February 7, 2018

Oyetunji Abioye

The naira may depreciate against the United States dollar at the Investors and Exporters Window to 386 from the current average of 360, PricewaterhouseCoopers has said.

In its economic outlook for 2018, which was released on Tuesday, the professional services firm said increased foreign exchange demand ahead of the 2019 general election might make the local unit to weaken.



The report read in part, “With the outlook on the oil price and level of reserves accretion ($40.6bn), we expect that the CBN would maintain the exchange rate peg of 305/dollar at the CBN window.

“In H2’18, we estimate a seven per cent exchange rate depreciation in the I&E window to 386/dollar, as FX demand increases and foreign investments slow ahead of the 2019 elections.

“Overall, the CBN maintains its multiple exchange rate regime, sustaining its intervention in the various FX markets.”

According to analysts at PwC, exports are likely to outpace imports on strong oil export revenues and shrinking import demand this year

The real Gross Domestic Product growth is expected to reach two per cent year-on-year on improvements in net exports and domestic demand

The professional services firm said investments would benefit from an improving investment climate.

It, however, said that some of this growth would be offset by uncertainty usually associated with election cycles in Nigeria

On monetary policy projection, it said, “Moderating inflation, exchange rate stability and a fragile economic recovery provide room for a rate cut. We expect only one rate cut in 2018 which would likely be capped at 200bps. The need to keep rate differentials attractive means Open Market Operations issuances would become more aggressive



“To offset the impact of pre-election spending and currency volatility, we expect a 200bps increase in the MPR to 14 per cent at the September meeting
http://punchng.com/naira-may-depreciate-to-386dollar-in-h2-pwc/

That's the trend. Naira depreciates before elections(when they start converting their loots) and appreciates after(when recipients of dollars for elections purposes convert to Naira)

T

Be positive. It will appreciate

Nothing scares us again in this naija, if we could survive Buhari years in office why afraid of depreciation . Bubu till 2050

Abeg when is this H2? maybe I should start hoarding my payoneer already

South Africa: – – – – – 1 Rand = 13 Naira
Angola: – – – – – – – – 1 kwanza = 2 Naira
Botswana: – – – – – – 1 Pula = 18 Naira
Cape Verde: – – – – – 1 Escudo = 2 Naira
Algeria: – – – – – – – 1 Dinar = 2 Naira
Egypt: – – – – – – – – 1 Pound =
25 Naira
Eritrea: – – – – – – – 1 Nakata = 13 Naira
Ethiopia: – – – – – – 1 Birr = 9 Naira
Ghana: – – – – – – – 1 Cedi = 83 Naira
Gambia: – – – – – – 1 Dalasi = 5 Naira
Kenya: – – – – – – – 1 Shilling = 3 Naira
Liberia: – – – – – – 1 Dinar = 4 Naira
Lesotho: – – – – – – 1 Loti = 14 Naira
Libya: – – – – – – – – 1 Dinar = 146 Naira
Morrocco: – – – – – 1 Dirham = 146 Naira
Madagascar: – – – 1 Ariary = 4 Naira
Mauritius: – – – – 1 Rupee = 6 Naira
Malawi: – – – – – 1 kwacha = 11 Naira
Mozambique: – – 1 Metical = 4 Naira
Namibia: – – – – – 1 Dollar = 12 Naira
Seychelles: – – – – 1 Rupee = 12 Naira
Sudan: – – – – – – 1 pound = 32 Naira
Swaziland: – – – 1 Lilangeri = 13 Naira
Tunisia: – – – – – 1 Dinar = 100 Naira
Zambia: – – – – 1 kwacha = 18 Naira



I am the LORD, the God of all the peoples of the world. Is anything too hard for me?


four stages of President Buhari.
In 2016 #Sai Baba
In 2017 #Kai Baba
In 2018 #Why Baba
In 2019 #Bye Baba

God punish the gworo chewing, Fulani herdsman, kunu sipping, nepotistic and tribalistic dullard called Jubrin for bringing hardship in the land

LMAO!

amen

Good news for exporters

Time to position oneself

Toh fa

I'm not surprised.... So long the dullard is in power, expect worse...






Brace up my people... Buhari isn't ready to leave power comes 2019.

Brace

Buhari the chief herdsman

Naira. ...... wetin concern me whether it appreciate or depreciate. All that matters is me making cool cash.

God Please Help Us In This Country Nigeria, Lalasticlala Website Link Is Block since last month, Please Unblock It For me

I hope it gets to #1000/$ so I can make more money by sucking cock for $$$

Imagine the nonsense

too bad

Mrkumareze:
Nothing scares us again in this naija, if we could survive Buhari years in office why afraid of depreciation . Bubu till 2050

Every Nigerian has developed thick skin since 2015. Sai baba till second coming of Christ.

Buhari bad market

Can't wait.

.

ANOTHER PANIC

iphenon:
Abeg when is this H2? maybe I should start hoarding my payoneer already

Bring your payoneer let me buy them now

An elderly professor told his students to stop saying that USA,UK,Europe,China and other developed and developing nations are ahead of Nigeria.
"They are not ahead of us", he exclaimed.
The students were all astonished and they all looked at him in bewilderment.
Then he explained.
" Somebody is ahead of you if you all are moving in the same direction. Since Nigeria got her independence , Nigeria has been moving in the opposite direction to these other countries. So saying they are ahead of us is wrong. We are on an opposite axis to them"