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Nairaland Forum / Nairaland / General / Business / Naira May Depreciate To 386/dollar In H2 —pwc (12129 Views)
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Naira May Depreciate To 386/dollar In H2 —pwc by Omooba77: 7:00am On Feb 07, 2018 |
EDITORIAL COLUMNISTS JOBS LogoSECTIONS Search for: 53 Views MONEY 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/ |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by aolawale025: 7:21am On Feb 07, 2018 |
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) 13 Likes 1 Share |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by TreasuredGlory: 7:50am On Feb 07, 2018 |
T |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by lordm(m): 7:50am On Feb 07, 2018 |
Be positive. It will appreciate 2 Likes |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by Mrkumareze(m): 7:50am On Feb 07, 2018 |
Nothing scares us again in this naija, if we could survive Buhari years in office why afraid of depreciation . Bubu till 2050 6 Likes 1 Share |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by iphenon: 7:50am On Feb 07, 2018 |
Abeg when is this H2? maybe I should start hoarding my payoneer already 4 Likes |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by ibkgab001: 7:50am On Feb 07, 2018 |
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 48 Likes 9 Shares |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by cosmatika(m): 7:51am On Feb 07, 2018 |
God punish the gworo chewing, Fulani herdsman, kunu sipping, nepotistic and tribalistic dullard called Jubrin for bringing hardship in the land 18 Likes 5 Shares |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by phreakabit(m): 7:51am On Feb 07, 2018 |
LMAO! |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by makkosky(m): 7:53am On Feb 07, 2018 |
amen |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by LagBlogger(m): 7:54am On Feb 07, 2018 |
Good news for exporters |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by americanson: 7:54am On Feb 07, 2018 |
Time to position oneself |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by rxmusa(m): 7:54am On Feb 07, 2018 |
Toh fa 1 Like |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by celestialAgent(m): 7:54am On Feb 07, 2018 |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by Nobody: 7:55am On Feb 07, 2018 |
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. |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by stefanweeks: 7:55am On Feb 07, 2018 |
Brace |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by Nobody: 7:55am On Feb 07, 2018 |
Buhari the chief herdsman |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by Newpride(m): 7:55am On Feb 07, 2018 |
Naira. ...... wetin concern me whether it appreciate or depreciate. All that matters is me making cool cash. |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by UDOKABESTLUV(m): 7:55am On Feb 07, 2018 |
God Please Help Us In This Country Nigeria, Lalasticlala Website Link Is Block since last month, Please Unblock It For me |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by rottenPussy: 7:56am On Feb 07, 2018 |
I hope it gets to #1000/$ so I can make more money by sucking cock for $$$ |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by AishaBuhari: 7:56am On Feb 07, 2018 |
Imagine the nonsense |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by LagBlogger(m): 7:56am On Feb 07, 2018 |
celestialAgent: |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by fastloan: 7:56am On Feb 07, 2018 |
too bad |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by Nobody: 7:58am On Feb 07, 2018 |
Mrkumareze:Every Nigerian has developed thick skin since 2015. Sai baba till second coming of Christ. 1 Like |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by ChangetheChange: 7:58am On Feb 07, 2018 |
Buhari bad market |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by justi4jesu(f): 7:59am On Feb 07, 2018 |
Can't wait. |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by knight05(m): 8:00am On Feb 07, 2018 |
. |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by miteolu(m): 8:00am On Feb 07, 2018 |
ANOTHER PANIC |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by justi4jesu(f): 8:01am On Feb 07, 2018 |
iphenon: Bring your payoneer let me buy them now |
Re: Naira May Depreciate To 386/dollar In H2 —pwc by Leopantro: 8:01am On Feb 07, 2018 |
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" 7 Likes |
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