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LequteMan
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As oil prices continue to fall, analysts at Financial Derivative Company Limited have predicted that the naira will further depreciate to N200 per dollar at the parallel market, Vanguard reports.
Excerpt:
“The parallel market rate is expected to cross N200 per dollar as dollar demand pressure persists”, they said in the December edition of the Company’s monthly economic bulletin.
They however noted that “A N200 per dollar rate is only a 15 percent adjustment as against 45 percent devaluation in 2009. Although, projecting the value of naira is currently clouded by several domestic and exogenous factors, the fair value of the currency is expected to be between N180 per dollar and N195 per dollar at the interbank market
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#Nigeria #Naira
Excerpt:
“The parallel market rate is expected to cross N200 per dollar as dollar demand pressure persists”, they said in the December edition of the Company’s monthly economic bulletin.
They however noted that “A N200 per dollar rate is only a 15 percent adjustment as against 45 percent devaluation in 2009. Although, projecting the value of naira is currently clouded by several domestic and exogenous factors, the fair value of the currency is expected to be between N180 per dollar and N195 per dollar at the interbank market
click here to read more
#Nigeria #Naira
