DOLLAR TO NAIRA BLACK MARKET

Posted by Schechter on January 19th, 2021

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There are three main elements of foreign exchange rates and all three interact with one another to create a dynamic that affects the overall value of the US dollar. First, is the direct effect of changes in the current account balance of the country. If a country has a current account surplus, then the value of their foreign currency units is higher than their own balance of payments. On the opposite side of the coin, a current account deficit means that there are more foreign assets available for purchase than foreign liabilities. In the long term, this is a very favorable position for the purchasing power of the US dollar as foreign liabilities eventually become larger than the foreign assets owned by the nation.

Second, is the inflation component. This is often referred to as the globalization of the dollar. The current accounts surplus for a country usually only lasts temporarily because of high inflation. If the inflation rate continues to remain high, then the value of the dollar usually rises above the foreign exchange value of the currency. At the same time, there are often negative rates that restrict the amount of money available to flow into the United States to purchase foreign assets.

The third major factor is political risk. Foreign exchange rates affect all nations, but they are particularly affected by political risks that are centered in the U.S. In general, the more stable the country, the less political risk there would be in trading. As a nation changes in internal stability, it also changes in relation to the rest of the world and the foreign exchange rates. It is rare that a nation is able to change smoothly in relation to the forex market, which often remains fairly stable during periods of economic growth. When a nation is undergoing political turmoil or experiencing high levels of corruption, the forex market may be quite volatile until the situation resolves itself.

The fourth reason why foreign currency exchange rates often change is related to the level of trust and confidence between investors. A nation's currency exchange rate directly relates to the level of trust and confidence that investors have in that nation. When a nation has low inflation dollar exchange rate black market and high unemployment, there will be a decrease in investment capital in the nation and an increase in the foreign liabilities that would be translated in lower investment capital and higher foreign currency exchange rate. Conversely, if inflation and unemployment are both reduced, investors would likely see an increase in investment capital and a corresponding increase in the foreign currency exchange rate. It is important to remember that investors usually make up half of any foreign investment, and any large change in the level of that capital could lead to negative implications for any nation.

The above reasons are just a few of the many that have led to significant fluctuations in foreign currency exchange rates. No matter what the reasons behind those fluctuations may be, they usually do not pose a significant risk to investors who are buying one currency and selling another. Visit TradeNAIRA which offers the fastest, most-advanced, cost efficient and transparent peer-to-peer matching engine for corporate and mid-high value currency transactions. You will be happy that you did!