Why The Naira Is Appreciating Against The Dollar - Business (3)

Why The Naira Is Appreciating Against The Dollar - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › Why The Naira Is Appreciating Against The Dollar (37599 Views)

Re: Why The Naira Is Appreciating Against The Dollar by Snowx: 9:07pm On Dec 07, 2024

All Na wash

1 Like

Re: Why The Naira Is Appreciating Against The Dollar by faceland: 9:49pm On Dec 07, 2024

iichidodo:
[color=#1986BC] It hasn't moved anywhere yet, wait till we get to 18-23 December.....You will witness a big drop to 1250..[/color]

Soon after Christmas, I am doing all my dollar purchase for next year.

1 Like

Re: Why The Naira Is Appreciating Against The Dollar by faceland: 9:53pm On Dec 07, 2024

rinzaugustine:
Best time to buy will be when it gets close to 1200 because by the time it springs back like earlier this year, it will surpass the 2000 naira benchmark

If you can think long term... It doesn't matter.

It is projected to be ₦5000 to $1 by next election.

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Re: Why The Naira Is Appreciating Against The Dollar by Slimtuns(m): 9:59pm On Dec 07, 2024

I don't see it stabilizing below ₦1500 tho and that's if at all it's going to stabilize.

Re: Why The Naira Is Appreciating Against The Dollar by jaxxy(m): 10:35pm On Dec 07, 2024

For example, one person familiar with the operation of the market suggests that the market is experiencing more supply than demand.
With supply outstripping demand, the naira has gained against the dollar.

However, it is unclear where the supply in the market is coming from, as there is no official data to explain this. For instance, the dynamics of pricing might change if the supply is primarily driven by the central bank.

Re: Why The Naira Is Appreciating Against The Dollar by Donaldoni: 10:39pm On Dec 07, 2024

Sheuns:
Something that’s depreciating again.

It's weekend

By Monday, we shall know... cool

Sore losers cum pessimists everywhere angry

Re: Why The Naira Is Appreciating Against The Dollar by Donaldoni: 10:44pm On Dec 07, 2024

Makes sense

Also, local production of PMS

Re: Why The Naira Is Appreciating Against The Dollar by iInjureHerYansh: 11:10pm On Dec 07, 2024

All these plenty talk only for dollar to climb back to 2k and more come January
Na today?😂

Re: Why The Naira Is Appreciating Against The Dollar by okoloto: 11:13pm On Dec 07, 2024

Only production and export can stabilize the naira. China currency inflation rate has been same since over 20 years. The price of what you buy today is same to what you bought 20 years ago. Only good policies and production for export can do that magic. We virtually import all we need. Why won't exchange rate fluctuate and rises by the day.
We were told that once we stop importing fuel the naira will drop to the dollar. With dangote and ph refinery, there is no change.
The reason for the drop is because many are coming in with the dollar for Xmas. Let's see what happens by January. Forget all this govt story for the gods

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Re: Why The Naira Is Appreciating Against The Dollar by FarmlandInc: 11:38pm On Dec 07, 2024

Those mallam are the real forex experts with the manner they control US dollars against naira

Re: Why The Naira Is Appreciating Against The Dollar by Donake: 11:44pm On Dec 07, 2024

Where did you get the $20billion to cushion the shortfall?

femisplash:
N216 to $1 whereby using $20billion to defend the naira annually, with an unchecked pervasive of FX arbitrage within the system. How smart are you?

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Re: Why The Naira Is Appreciating Against The Dollar by VULCAN(m): 2:30am On Dec 08, 2024

You are asking him a daft question as It's you that is dumb.

Why did they attack it if they knew they couldn't do any better?

In fact they have done far far worse.

Stop supporting rubbish!

femisplash:
N216 to $1 whereby using $20billion to defend the naira annually, with an unchecked pervasive of FX arbitrage within the system. How smart are you?

1 Like

Re: Why The Naira Is Appreciating Against The Dollar by VULCAN(m): 2:33am On Dec 08, 2024

Who said things are turning around for the better?

You are losing 6-0 but then you manage to score 1 goal, then you want to claim that things are turning around for the better.

Lol.

Who is this joker?

Freetech:
Ndi bad news lover must have explanation

When it's bad news, Tinubu is destroying our economy

But when things are turning around for better, it can't be Tinubu but one stupid explanation or the other.

1 Like

Re: Why The Naira Is Appreciating Against The Dollar by Yong4ever(m): 2:42am On Dec 08, 2024

femisplash:
https://nairametrics.com/2024/12/07/why-the-naira-is-appreciating-against-the-dollar/?amp=1

pseudo gain...don't get it twisted, it's a festive period, there's less demand for hard currency because guys are coming home,don't think APC is doing something positive.

Re: Why The Naira Is Appreciating Against The Dollar by Sheuns(m): 4:20am On Dec 08, 2024

Donaldoni:
It's weekend

By Monday, we shall know...

Sore losers cum pessimists everywhere

lol. By Monday it’ll hit 1650 or more.

You think your CBN governor did any magic to make it appreciate?

The USD depreciated to most world currencies because of some announcements made during the past week.

2 Likes 1 Share

Re: Why The Naira Is Appreciating Against The Dollar by donkach: 7:13am On Dec 08, 2024

femisplash:
https://nairametrics.com/2024/12/07/why-the-naira-is-appreciating-against-the-dollar/?amp=1

Diaspora returnees!

1 Like

Re: Why The Naira Is Appreciating Against The Dollar by bdon123(m): 7:19am On Dec 08, 2024

femisplash:
N216 to $1 whereby using $20billion to defend the naira annually, with an unchecked pervasive of FX arbitrage within the system. How smart are you?

Cant u make ur point without insults?

1 Like

Re: Why The Naira Is Appreciating Against The Dollar by Fearurcreeator: 8:15am On Dec 08, 2024

meum:
Tell APC to take back the exchange rate to where they met it before we can celebrate. APC used this dollar exchange rate which according to them was at N216 to campaign against PDP. APC had said the N216 to $1 was too high. I wonder if this N1570 is lower than N216?

You don't have sense ... Subsidized currency ... Olodo

Re: Why The Naira Is Appreciating Against The Dollar by Fearurcreeator: 8:17am On Dec 08, 2024

femisplash:
N216 to $1 whereby using $20billion to defend the naira annually, with an unchecked pervasive of FX arbitrage within the system. How smart are you?

Person wey be fool , currency that was subsidized heavily before , most of them are very daft

1 Like

Re: Why The Naira Is Appreciating Against The Dollar by nigeriansamurai(m): 9:09am On Dec 08, 2024

femisplash:
N216 to $1 whereby using $20billion to defend the naira annually, with an unchecked pervasive of FX arbitrage within the system. How smart are you?

Call it magic grin

Re: Why The Naira Is Appreciating Against The Dollar by meum: 9:45am On Dec 08, 2024

Fearurcreeator:
You don't have sense ... Subsidized currency ... Olodo

You wey get s3nse exchange rate don dey go up again. No dey defend wetin you no understand.

If what you are defending is good E no go be like this

1 Like

Re: Why The Naira Is Appreciating Against The Dollar by meum: 9:49am On Dec 08, 2024

Alliswell248:
Tell Emefiele to stop padding the naira with our scarce fx.
He printed money in trillions....was part to pad the naira, and part for building 753 duplexes.

No dey believe everything wey u read online. Na so dem drag person for arms deal for 8years plus. People wey get those 753 duplexes dey.

I repeat no dey believe everything

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Re: Why The Naira Is Appreciating Against The Dollar by Fearurcreeator: 10:07am On Dec 08, 2024

meum:
You wey get s3nse exchange rate don dey go up again. No dey defend wetin you no understand.

If what you are defending is good E no go be like this

Like i said before many of your type are many here now, most of you are not smart

Re: Why The Naira Is Appreciating Against The Dollar by redcliff: 10:16am On Dec 08, 2024

Primusinterpares:
What we want to see...

Please let it keep coming down.
1k before year end and by mid next year we should be at 400-500/1$.

Before 2025 wraps up we should be at 180/1$.

May 9ja suceed

Let me ask you a question, hoping that you are most likely not more than anywhere between 50 years and below, where have you seen the dollar rate and price of items gone up and they both came down? They are giving you guys the more ypu look, the less you see and you are here saying something else.

Re: Why The Naira Is Appreciating Against The Dollar by meum: 10:25am On Dec 08, 2024

Fearurcreeator:
Like i said before many of your type are many here now, most of you are not smart

Talk true. If they told you few years ago that $1 will exchange for 1,500 would you have believed? Answer this sincerely.

Re: Why The Naira Is Appreciating Against The Dollar by malcom1X: 11:13am On Dec 08, 2024

Softmirror:
🤗 Let's see how it goes into the coming year which will be one of abundance of prosperity.

Bro Trump is coming in. America will start drilling oil.
Naira is going to fall unless something is done

1 Like 1 Share

Re: Why The Naira Is Appreciating Against The Dollar by folks4luv(f): 11:24am On Dec 08, 2024

Kukutente23:
The thing has fallen back

APC is a useless party

They've destroyed the naira

How much is it today?

Re: Why The Naira Is Appreciating Against The Dollar by Ay04z(m): 12:18pm On Dec 08, 2024

folks4luv:
How much is it today?

. 1630..

1 Like

Re: Why The Naira Is Appreciating Against The Dollar by Primusinterpares(m): 12:59pm On Dec 08, 2024

Sheuns:
2025 budget, naira to dollar is benchmarked at 1400/$. Dey play.

Things dey happen o. Am optimistic

Re: Why The Naira Is Appreciating Against The Dollar by shopikat: 1:48pm On Dec 08, 2024

femisplash:
https://nairametrics.com/2024/12/07/why-the-naira-is-appreciating-against-the-dollar/?amp=1

We pray that this becomes a lasting reality for the Nigerian economy where it is difficult for rates that have gone high to come down and stay down.

It really has not been easy for the Nigerian masses coping with the exorbitant cost of living in recent times. It is just so insane.
A lot of people are now turning to other avenues to give their lives and hopes a meaning as the Nigerian dream does not seem to be anywhere near materializing yet. But hopefully it will, soon, we pray.

The other day, a friend of mine was telling me about his plans to raise funds through crowdfunding so as to support his dying business in this harsh economic condition. That got me thinking... Raising funds for business through Crowdfunding could be a really good way to help oneself survive and even prosper in this trying times. If one is able to raise enough capital for business or for meeting other reasonable needs, one could scale one's small business to an international level, thereby being able to easily earn the so called 'hard currencies' that make ones life a lot better.

I have been looking around for what crowdfunding platform to join, but I found that most of them have conditions that are often difficult to meet for people from certain regions. After checking through the list of over 25 of them, I found www.donorsgift.com to have a lot of appealing features and also the easiest. I am currently crafting an article I shall post on the website to create my fundraising campaign today. What do you guys think?

Re: Why The Naira Is Appreciating Against The Dollar by InvertedHammer: 3:51pm On Dec 08, 2024

/
Check back in three months.

The same people who created the rules will inform speculators on how to break it. This is nothing short of CBN intervention which is always short-lived.

/

Re: Why The Naira Is Appreciating Against The Dollar by Nobody: 5:16pm On Dec 08, 2024

femisplash:
N216 to $1 whereby using $20billion to defend the naira annually, with an unchecked pervasive of FX arbitrage within the system. How smart are you?

Oh the system is perfect under APC. No wonder so many people are hungry

1 2 3 4 Reply

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