Blog Details | Discover Triangular Arbitrage Business In Nigeria – Naira Invest
10:18AM, Saturday 27th April 2024

Discover Triangular Arbitrage Business In Nigeria


News Image

This Is How Nigerians Are Making Over ₦54,000 Every Day By Exchanging Three Currencies For Good Profit.

As the Naira continues to fight against the US Dollar each day and Cost Of Living is becoming unaffordable, it is more important than ever to find a way to earn in dollars or make more money in naira to be financially sustainable.

That is why I have decided to share this below update on how to make more income through triangular arbitrage in Nigeria.

I am Dr. Olumide. In this article, I'll guide you on how to create a steady income through the exchange of Naira for another country's currency and subsequently convert that currency into US dollars for potential profit.

This process is called triangular arbitrage.

Triangular arbitrage simply means the simultaneous exchange of three different currencies for profit. 

Triangular arbitrage is the act of exploiting an arbitrage opportunity resulting from a pricing discrepancy among three different currencies in the foreign exchange market.

You will have to exchange the first currency for a second currency, and the second one for a third currency, and exchange the third currency back to the first currency for profit.

This might seem confusing at first, but let me simplify it for you below.

To start triangular arbitrage in Nigeria, you will need to understand these key points: 

1. Naira (₦) is your starting currency.

2. Aruba Florin (AWG), the currency of Aruba in North America, is the second. 1 AWG is currently ₦570.

3. The US dollar ($) is the third. Convert your Aruba Florin (AWG) to US dollar (USD) and then resell USD to Naira for profit.

4. Make use of a triangular arbitrage platform for these exchanges.

This is how it works: buy Aruba florin (AWG), convert it to US dollars, and sell the US dollars at the official rate or black market rates for profit.

For example, if you buy 100 Aruba florin for ₦57,000 at a rate of ₦570 per Aruba florin, convert the 100 Aruba to dollars on the platform, and you will receive $56. Then convert the $56 to Naira on the platform at a rate of ₦1450, resulting in ₦81,200 in total. That is a ₦24,200 profit on this above-mentioned triangular exchange.

Another example: if you buy 250 Aruba florin for ₦142,500 at a rate of ₦570 per Aruba florin, convert the 250 Aruba to dollars on the platform, and you'll get $140. Then convert the $140 to Naira on the platform at a rate of ₦1450, which will be ₦203,000 in total. That means you will make ₦60,500 in profit on this exchange transaction.

I have attached the link to the only triangular arbitrage website in Nigeria below. You do not have to pay me any amount for this update and guide.

Just visit the website, sign up, purchase Aruba Florin, convert it to US Dollars on the platform, and then sell the US dollars at either the official rate or the black market rate to make a profit.
 

Click Here To Register Now.

User Image
author

Nairainvest News