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DateRateTrade
01/17/17
Buy
Sell
490
497
515
520
590
595
01/16/17
Buy
Sell
490
497
510
517
585
595
01/13/17
Buy
Sell
490
495
510
515
590
595
01/12/17
Buy
Sell
490
495
505
510
590
595
01/11/17
Buy
Sell
487
490
500
507
585
593
Note: Rates only serve as a guide not advice.
DateRateTrade
Buy
DateRateTradeLocation
01/17/17
Buy
Sell
398
400
515
520
590
600
Zone 4 Abuja
01/17/17
Buy
Sell
398
400
515
520
590
600
Eko Hotel Lagos
01/17/17
Buy
Sell
398
400
515
520
590
600
Presidential PH


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    Bank Rates
    DateBankChannelCurrencyRateCard Type
    16/01/17OnlineGBP400Debit Card
    16/01/17OnlineUSD325Debit Card
    09/01/17ATMUSD350Credit Card
    05/01/17OnlineGBP401Debit Card
    02/01/17OnlineUSD325Debit Card
    30/12/16OnlineEUR390Debit Card
    30/12/16OnlineUSD321Debit Card
    25/12/16OnlineUSD325Naira Mastercard
    24/12/16OnlineUSD320Debit Card
    24/12/16OnlineUSD320Debit Card
    19/12/16OnlineCAD246Debit Card
    19/12/16OnlineUSD325Debit Card
    14/12/16OnlineUSD325Debit Card
    14/12/16OnlineUSD325Debit Card
    14/12/16OnlineGBP399Debit Card
    14/12/16OnlineUSD315Debit Card
    14/12/16OnlineUSD325Debit Card
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    Euro to Dollar

    The Euro Dollar exchange rate changes from time to time as it is inconsistent. There are many factors that cause the change between Euro and Dollars rates, and one of such factors is decline in European shares, as this causes the euro to dollar to wipe off earlier gains that the euro has made because of the gains that are larger than expected in German investor sentiment. This makes Investors to be concerned about the welfare of the US banks. Another factor that influences Euro to Dollars exchange rate is the struggling of financial markets/ institutions. When a banking giant reports a reduction in profit of over 50% or between 8- 12%, then this will have huge impact on the value of the Euro against the dollar. This is because with such struggling of financial institutions, there will be a decline in stock markets and it will take more time for the struggling financial institutions to recover.

    Forex Rates

    The foreign exchange market is considered the largest market in the world, and the backbone of this huge market is the exchange rates of the different foreign currencies traded within it. Thousands of traders are making a living out of the various movements of the different foreign exchange rates in the market. They buy currencies at a lower price and sell off at a higher price, depending on the time the currency rate rise or fall, and this is how they make profits. The prices of these currencies, also known as forex rates (fx rate) are an indicator of how different currencies around the world are demanded for and supplied. The prevailing interest rates and the whole strength of an economy determines the forex rates. The GDP, trade balance and foreign investment rates, especially the international interest rates and trade level portrays the state of economy in a country.

    Money Converter

    Currency conversion from one currency to another is very popular, more popular than you can imagine. Each time you travel, you are exchanging your local currency to that of the place you are visiting. Converting currency seems an obvious term, but you will be shocked after reading this article that you don’t know much about it. Anytime you are converting currency, you make use of two different instruments that values differ from one another. What this entails is that if you are converting a currency, USD to GBP for instance, actually, you are selling the USD and purchasing the GBP. Are you aware that whenever you do this, you are devaluing your local currency? Anytime you sell a particular currency for another one, let’s say the USD for the GBP, you are indirectly saying that you don’t want the USD, you want the GBP.
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