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Is It Advisable To Buy Dollar At Todays Rate Of 1200 - Business (2) - Nairaland

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Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Wujio: 8:00am On Oct 27, 2023
Miravik900:


Have traded my dollar at a of 11800 I had a minor los tho


Eyah.
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Miravik900(m): 8:03am On Oct 27, 2023
Wujio:



Eyah.

I just pity people that invest it dollars is risky oo is just like forex
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Wujio: 8:04am On Oct 27, 2023
Miravik900:


I just pity people that invest it dollars is risky oo is just like forex


Stop mis informing people. Dollar isnt risky. You traded with speculation rather than informed analysis. I trade in dollars weekly but not just buying at anyhow rate no. You were supposed to know the rally would stop at a point. Example i have now predicted that dollar will crash towards 750 next year

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Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by emmanuelbrown26: 8:06am On Oct 27, 2023
Miravik900:


Sorry 1800
Best time to take d RISK of investing in dollars.
I know it will get to dis stage and even more bcs whole lot of things is playing out and more are still warming up in dis Tinubu administration.
If tinubu is sensible enough, he would hv borrowed abit of what late yaradua did which I won't go into details, bcs right now, we are living in d world dog eat dog
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Miravik900(m): 8:06am On Oct 27, 2023
Wujio:



Stop mis informing people. Dollar isnt risky. You traded with speculation rather than informed analysis. I trade in dollars weekly but not just buying at anyhow rate no. You were supposed to know the rally would stop at a point. Example i have now predicted that dollar will crash towards 750 next year
So you do have dollars and at what rate did you buy yours?
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Miravik900(m): 8:09am On Oct 27, 2023
emmanuelbrown26:

Best time to take d RISK of investing in dollars.
I know it will get to dis stage and even more bcs whole lot of things is playing out and more are still warming up in dis Tinubu administration.
If tinubu is sensible enough, he would hv borrowed abit of what late yaradua did which I won't go into details, bcs right now, we are living in d world dog eat dog
So you think the rate will hit up again?
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by advanceDNA: 8:15am On Oct 27, 2023
Wujio:



Dollar may plummet. It is in uncertain region now. Go and trade back.to.Naira. Bankers are even scared now where it's going next. I checked and dollar is still around 1,240-1,300 so no loss. You can't hold dollar at 1240 rate. No. It is wrong go and exchange back to Naira. You lost the rally.already

U pple just forecast in a funny way ....

What yardstick or conditions are u using to forecast??

The government has said they are not injecting cash into the market anymore to keep the rate fixed... hence the float ..

Our export is very low..
No one is demanding for our naira in the international market....

Government could have demand for our c naira from our crude oil customer which could drive naira demand.... ..but no .we always want to worship our masters that borrow us money ...Nigeria is a country that does what is injurious to her economy because of loan that will keep Nigeria in bondage...


So how will the naira rise exactly??
Are u just hoping or u are one of those that have faith in tinubu.....??
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by emmanuelbrown26: 8:17am On Oct 27, 2023
Miravik900:

So you think the rate will hit up again?
Like I said earlier on, it will keep going up.
I remember how much I made within few days of d swearing in.
After d election, I started buying fuel at d rate of 184 or 189 bcs I knew that Tinubu will definitely remove subsidy without any backup plan
Then, when I got hint of GSK leaving Nigeria, I bought whole lot of their products and kept, after 2weeks of their departure, their products became scarce and costly. I started reselling to medicine stores around.
From d look of things, Tinubu does not care about people, all he is after is people that sing songs of praise for him
If u can take d risk fine, if u can't take d risk, keep ur money.
During 2019 elections, one financial investor told me that d rate naira will climb if they declare buhari winner people won't believe it, after d announcement of d elections, it happened d way d investor told me and d baba made whole lot of money
Right now NO PLAN IN PLACE TO CURTAIN DIS CURRENCY WAHALA

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Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Wujio: 8:27am On Oct 27, 2023
Miravik900:

So you do have dollars and at what rate did you buy yours?


I earn in dollars so for me any rate is profitable so long as my employers pay me
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Wujio: 8:28am On Oct 27, 2023
advanceDNA:


U pple just forecast in a funny way ....

What yardstick or conditions are u using to forecast??

The government has said they are not injecting cash into the market anymore to keep the rate fixed... hence the float ..

Our export is very low..
No one is demanding for our naira in the international market....

Government could have demand for our c naira from our crude oil customer which could drive naira demand.... ..but no .we always want to worship our masters that borrow us money ...Nigeria is a country that does what is injurious to her economy because of loan that will keep Nigeria in bondage...


So how will the naira rise exactly??
Are u just hoping or u are one of those that have faith in tinubu.....??



I've earned in dollars for atleast 15 years. Come back to this thread in twelve months tine
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Miravik900(m): 8:34am On Oct 27, 2023
Wujio:



I earn in dollars so for me any rate is profitable so long as my employers pay me

Okay nice 👍🏻
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by advanceDNA: 8:54am On Oct 27, 2023
Wujio:




I've earned in dollars for atleast 15 years. Come back to this thread in twelve months tine



So basically ...u just dey cap??
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Wujio: 9:09am On Oct 27, 2023
Miravik900:


Okay nice 👍🏻


You are right. The rates is dropping massively

1 Like

Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Miravik900(m): 12:05pm On Oct 27, 2023
Wujio:



You are right. The rates is dropping massively

I don Loss money today well well omo
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Wujio: 12:07pm On Oct 27, 2023
Miravik900:


I don Loss money today well well omo


It will fall heavily towards 850
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Miravik900(m): 12:13pm On Oct 27, 2023
Wujio:



It will fall heavily towards 850

Do you think it will skyrocket again?
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by oluayebenz: 12:16pm On Oct 27, 2023
Miravik900:


Do you think it will skyrocket again?

No it won't
Effect of the new CBN governor

Dollar will stable at 750 or so
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Miravik900(m): 12:19pm On Oct 27, 2023
oluayebenz:


No it won't
Effect of the new CBN governor

Dollar will stable at 750 or so

Omo I pray not oo

I no know who tell me to go buy dollar sef now I just day regret
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by oluayebenz: 12:26pm On Oct 27, 2023
Miravik900:


Omo I pray not oo

I no know who tell me to go buy dollar sef now I just day regret

You buy at what rate and when?

Buying dollar for hoarding is a bad business
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Miravik900(m): 12:27pm On Oct 27, 2023
oluayebenz:


You buy at what rate and when?

Buying dollar for hoarding is a bad business

1170
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Wujio: 12:32pm On Oct 27, 2023
Miravik900:


Do you think it will skyrocket again?


It wont skyrocket once it comes down o. It wont lie lie. Nigeria has all the fundamental favtorable to begin to rise against the dollar for the next four years. If care is not taken, it will crash below 500 over the next four years period.
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Miravik900(m): 12:37pm On Oct 27, 2023
Wujio:



It wont skyrocket once it comes down o. It wont lie lie. Nigeria has all the fundamental favtorable to begin to rise against the dollar for the next four years. If care is not taken, it will crash below 500 over the next four years period.

Omo is well oo
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Wujio: 12:39pm On Oct 27, 2023
Miravik900:


Omo is well oo


So many refineries are springing up. Once they get fully built starting next year, game over. Infact 400 Naira and below is what the crash will drop to o. So dont go and be buying dollars to hoard.
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by TreasureHunter(m): 2:25pm On Oct 27, 2023
Matix222:
Please I need advice on this is there a chance that dollar rate will still go up?

People asked this same question when $1 dollar was exchanging for 300Naira
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by oluayebenz: 2:27pm On Oct 27, 2023
Miravik900:


1170

If you can hold on a bit but I doubt if it will ever reach 1200 again.

You shouldn't have bought dollar at 1170 nah, do you think rate will go up to 2000?
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Miravik900(m): 4:14pm On Oct 27, 2023
oluayebenz:


If you can hold on a bit but I doubt if it will ever reach 1200 again.

You shouldn't have bought dollar at 1170 nah, do you think rate will go up to 2000?

Yeah I thought so
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by oluayebenz: 6:14pm On Oct 27, 2023
Miravik900:


Yeah I thought so

I hope you don't buy much
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by imoh4king(m): 6:53pm On Oct 27, 2023
Wujio:



Stop mis informing people. Dollar isnt risky. You traded with speculation rather than informed analysis. I trade in dollars weekly but not just buying at anyhow rate no. You were supposed to know the rally would stop at a point. Example i have now predicted that dollar will crash towards 750 next year

Church wanna be(s); It called speculation or forecasting..
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by Wujio: 6:54pm On Oct 27, 2023
imoh4king:


Church wanna be(s); It called speculation or forecasting..


Kids. Dont have time to babysit you
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by imoh4king(m): 6:57pm On Oct 27, 2023
Wujio:



Kids. Dont have time to babysit you

Haa! Seun, why are you allowing this guy to talk or respond to you like this...if I were you, I won't tolerate it oh.
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by oluayebenz: 10:51pm On Oct 30, 2023
Miravik900:


Yeah I thought so

My guy

Naira is seriously appreciating against dollar.
Do you later sell your USD off or you keep hoarding?
Re: Is It Advisable To Buy Dollar At Todays Rate Of 1200 by AllDModsAreMaad: 11:01pm On Oct 30, 2023
oluayebenz:


My guy

Naira is seriously appreciating against dollar.
Do you later sell your USD off or you keep hoarding?

Are you for real?

When the official rate is #993/$(tho I'm not sure of this yet but it depreciated today, what I'm not sure is the precise value)...

Currently, naira is depreciating against pounds and dollar, that is according to my findings both here, on google and on CBN's site.

Shey you dey wyne yourself ni?

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