Will Naira Crash Further Against Usd? - Investment - Nairaland
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| Will Naira Crash Further Against Usd? by sonofthunder: 4:38pm On Jan 04 |
Hello investment gurus, from a neutral stand point, is it likely that the naira will fall further against the US Dollar? And will it be significant? If someone wants to temporarily save some of his money in dollars, is it worth it to insure the value of that money or many of the anticipated policies to protect the dollar from gaining will have little effect. Please advise. |
| Re: Will Naira Crash Further Against Usd? by 1TrippleCee: 4:40pm On Jan 04 |
Yes. It is a good time to buy Dollar and keep now. It should crash further to 1,300-1,500 range this year Save in dollars 2 Likes |
| Re: Will Naira Crash Further Against Usd? by PoliteActivist: 4:58pm On Jan 04 |
*Politeness* Well, it crashed today and, all things being equal, with ending of yule season, demand to exchange $ to naira will be declining while demand to exchange naira to $ increasing. Supply and demand |
| Re: Will Naira Crash Further Against Usd? by Nitric(m): 5:59pm On Jan 04 |
It is very likely it will crash further due to demand pressure because Nigeria is an import dependent country |
| Re: Will Naira Crash Further Against Usd? by sonofthunder: 5:24am On Jan 21 |
Hmmm..... Okay. |
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