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Nairaland Forum / Nairaland / General / Business / What Made The Dollar Fall Over Night? (41540 Views)
After Raising Hopes, Naira Depreciates Against The Dollar By 5.8% In April / Dollar Fall Is Not The Work Of Cbn O / Why The Naira Is Now Gaining Against The Dollar (2) (3) (4)
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Re: What Made The Dollar Fall Over Night? by Promismike(m): 11:04am On Apr 22 |
Ok |
Re: What Made The Dollar Fall Over Night? by Zxcvbnmghtr: 11:04am On Apr 22 |
Re: What Made The Dollar Fall Over Night? by abc115: 11:05am On Apr 22 |
Keep monitoring... Keep it close to your chest Quickly sell it off it is now N1000 to a dollar in GTB
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Re: What Made The Dollar Fall Over Night? by KaptainAfrika: 11:06am On Apr 22 |
SUPPLY. But Supply from where? |
Re: What Made The Dollar Fall Over Night? by BlackyOne: 11:06am On Apr 22 |
If you got the dollar last year, then you're not at a loss yet, the economy is still loosing to you. 3 Likes |
Re: What Made The Dollar Fall Over Night? by adioolayi(m): 11:07am On Apr 22 |
helinues: Nigeria's economy especially the Forex market, at the moment doesn't follow any known rule! That's the truth. Anyone telling you this is what is happening using classroom and textbooks known knowledge is deceiving you 5 Likes |
Re: What Made The Dollar Fall Over Night? by Gboom: 11:07am On Apr 22 |
The reason is manipulation, and it is always done to mop up liquidity. It is not peculiar to Nigeria alone, but it is happening everywhere in yhe world through major big banks that control forex trading 2 Likes |
Re: What Made The Dollar Fall Over Night? by LandMann: 11:07am On Apr 22 |
Qwertyuiop1: Government propaganda agent. Well done 1 Like |
Re: What Made The Dollar Fall Over Night? by helinues: 11:08am On Apr 22 |
adioolayi: Economy discussion is difference from buying and selling discussion Take note 2 Likes |
Re: What Made The Dollar Fall Over Night? by AutoConsult: 11:08am On Apr 22 |
advanceDNA:Lol. So when you want to buy the car in Nigeria, you'll buy it cheaper because you saved in dollars? If I need to buy a gadget now, I'll rather import it than buy it at local stores. That's the only way you can benefit from the recent rise of naira. You'll buy cheaper in dollars at foreign stores since local stores are yet to adjust their prices. 3 Likes 1 Share |
Re: What Made The Dollar Fall Over Night? by tnerro1(m): 11:08am On Apr 22 |
Where I was buying fuel just increased form 670 to 680 this morning and yet dollars is going down, deris god oooo 1 Like |
Re: What Made The Dollar Fall Over Night? by PepeXKermit: 11:08am On Apr 22 |
Qwertyuiop1: advice is what we ask for when we already know the answer but wish we didn't |
Re: What Made The Dollar Fall Over Night? by Procashtips(m): 11:09am On Apr 22 |
Since you're a layman, let me explain. During weekends, naira to dollar rate often drop for no reason until like 8-10am on Monday. Take only weekdays rate serious. |
Re: What Made The Dollar Fall Over Night? by harjay1986: 11:09am On Apr 22 |
helinues: Wait ... if you want to retain your dollar value inrespective of naira to dollar then nothing concern you with the rate it get converted to in Naira.. because a value of dollar today will still be the same in Next year, but if you are holding the green back note so that when naira depreciate you will convert it and you will have like 10million naira from 5million naira ... then you need to rethink 3 Likes |
Re: What Made The Dollar Fall Over Night? by Enemyofpeace: 11:10am On Apr 22 |
Peakdesign23:Ayam not |
Re: What Made The Dollar Fall Over Night? by NGArmyTerrorist: 11:10am On Apr 22 |
helinues:You just confirmed now that you dey under 30k suffering salary. Make I hear where you go deny it. 3 Likes 1 Share |
Re: What Made The Dollar Fall Over Night? by mrvitalis(m): 11:10am On Apr 22 |
Qwertyuiop1:APC are selling dollars from reserve nd borrowed dollars at a loss in other to force the price down... It won't last long. Hold your dollars 5 Likes 2 Shares |
Re: What Made The Dollar Fall Over Night? by harjay1986: 11:11am On Apr 22 |
Procashtips: Not like that sir from 11pm on Sunday Night international trade has started to operate, some bank begin remittance from that time |
Re: What Made The Dollar Fall Over Night? by appini: 11:11am On Apr 22 |
It's better you save your money in dollars than in naira. 1 Like |
Re: What Made The Dollar Fall Over Night? by helinues: 11:11am On Apr 22 |
NGArmyTerrorist: Isn't N30K job better than to be labouring in vain? |
Re: What Made The Dollar Fall Over Night? by just2endowed: 11:12am On Apr 22 |
Qwertyuiop1: FG secure a 2.1 billion dollar loan at 2.% interest from international bank. this is sign of more liquidity and trust. |
Re: What Made The Dollar Fall Over Night? by Ekaette1621990: 11:12am On Apr 22 |
What also made it grow overnight? Your sense needs 10 spanner to adjust it. Anyway I laugh in Swahili ππππ 1 Like |
Re: What Made The Dollar Fall Over Night? by Profgordons(m): 11:12am On Apr 22 |
advanceDNA:No one could have explained this better! 1 Like |
Re: What Made The Dollar Fall Over Night? by phemray(m): 11:14am On Apr 22 |
Qwertyuiop1: I think you have to take a decisions faster because once dollar cross the bridge to below 1k, that is the journey to a renew hope of <=200 in coming years. Seriously, this government are more strict and ready to inflict pains to gain back the country values.just imagine, With Dangote and PH producing and selling all kinds of petroleum products to other countries, the naira must be stronger and stronger. My own imagination and target is Nigerian status by may 29, 2025.( Next year ) |
Re: What Made The Dollar Fall Over Night? by adioolayi(m): 11:15am On Apr 22 |
helinues: The buying and selling discussions as far as Nigeria's Forex is concerned doesn't follow any known financial, economic and trade rules. Have you wondered, what exactly was Nigeria exporting when the exchange rate was low? Let's even take the most recent...#350 to a USD... Has our export increased now compared to then or our export has reduced If the argument of increasing exports to attracts more USD is valid.....what exactly are we exporting years ago that we have stopped exporting that brought about the fall of Naira ..and from the Ops question, are we saying there were loads of export in less than 24 hours which has resulted into more USD inflows into the and then Naira gained as a result of this My point is, Nigeria's Forex market is unstable for now and there is no known economic reasons that can explain why 7 Likes 1 Share |
Re: What Made The Dollar Fall Over Night? by Profgordons(m): 11:16am On Apr 22 |
harjay1986:You will get 10million that is worth less than 5million |
Re: What Made The Dollar Fall Over Night? by tunddy(m): 11:17am On Apr 22 |
pls how much is dollar to naira today |
Re: What Made The Dollar Fall Over Night? by Elliotwaveforec: 11:18am On Apr 22 |
1000 under attack!
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Re: What Made The Dollar Fall Over Night? by ejieddy: 11:18am On Apr 22 |
If you had the money last year, then you're still at a profit because last year, the dollar was still less than 1k. |
Re: What Made The Dollar Fall Over Night? by superCleanworks(m): 11:18am On Apr 22 |
helinues: calm down. I had 9,000 dollars cash but I was super lucky to sell them off soon as $ stepped up to 1600 region. Omo na so the thing start to drop like mad. |
Re: What Made The Dollar Fall Over Night? by Procashtips(m): 11:18am On Apr 22 |
harjay1986: No point arguing sir. Official window starts on Monday. That some have started operating around 11pm Sunday Night doesnt mean what I said is invalid. Some can't overrule most/all 2 Likes |
Re: What Made The Dollar Fall Over Night? by Oshin56(m): 11:18am On Apr 22 |
abc115:please I'm asking for future sake, can someone buy $ using gtword? |
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Mai Bornu To Emefiele: Indigenous CBN Governors Till Date / Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market / The Currency Exchange Rates For Today, September 11, 2017
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