In light of the recent exchange rate flunctuations, we had a poll on our Telegram channel to see how many people in our community were able to convert money when $1 was around 120₽.
For those that were able to change, we say “Congratulations!”, and for those who were waiting and waiting until it came down, we say, “Better luck next time!”
Currency exchange for Africans abroad may seem like the easiest thing to do, but with proper and strategic planning, you can actually get more value for your money.
Tunde, our fictional character for today, has had his fair share of the ups and downs that come with money conversion. Maybe you can learn one or two things from his money diary and approach to the dollar-ruble flunctuations.
Exchange Rate: 1$~₽78
There were rumours that the ruble would go down, and Tunde was very excited to keep his dollars to change later.
Exchange Rate: 1$~₽80
Immediately the rate reached ₽80, Tunde changed half of the money he had in dollars he had and quickly bought the devices he wanted to get and saved the rest in rubles.
Exchange rate: 1$~₽85
Tunde was very sad at this point and he was just wishing he had waited a little longer to change his money. He couldn’t change at this point because he still had a lot of money in rubles.
Exchange Rate: 1$~₽100
Tunde was very happy with this jump and he was hoping he would get to change some money and have even extra rubles for himself. Besides, his money was running out and the exchange rate had never reached 100₽ to 1$.
But then, Tunde thought of waiting a little longer. He looked at the financial charts and he asked ESolutions for advice. He decided to wait and change immediately it increases again.
Exchange Rate: 1$~₽125
Tunde woke up to this rate, because he had been monitoring it closely for a while. He quickly chnged most of his remaining money and even encouraged his closest friends to do the same.
Exchange Rate: 1$~₽130
Tunde was extremely pleased and decided to change a little more of his money at this rate. He noticed the chart and saw that the rate was going to go down soon so he advised his friends to change too.
Exchange Rate: 1$~₽96
At this point, Tunde was just very happy that he was able to ask for financial advice from ESolutions, monitor the forex market properly and change at the highest value.
Exchange Rate: 1$~₽85
Tunde knew he had made it big time and he made sure to save very well because the predictions were showing that the rate would get worse for dollar conversion.
Exchange rate: 1$~₽52
Tunde didn’t have to change any money at this rate because he still had money saved from before.
Exchange rate: 1$~₽65 (Present day)
Tunde is getting ready to change money soon as the exchange rate promises to be better for changing dollars.
It’s okay to be confused about the whole currency market and money exchange. That’s why you can message us at any time and get accurate and strategic advice on personal finance and investment.
Be like Tunde. Follow who know road. Join our Whatsapp group for signals for best rates now. Better still, join our Telegram Community for breaking news and important updates for Africans in Russia.
Were you able to convert dollars to rubles at $1-₽120? Leave a comment.
