Below you will find example sentences with "parallel market". The examples show how this phrase is used in natural context and which words often surround it.
Parallel Market in a sentence
Corpus data
- Displayed example sentences: 20
- Discovered as a combination around: parallel
- Corpus frequency in the collocation scan: 6
- Phrase length: 2 words
- Average sentence length: 23.9 words
Sentence profile
- Phrase position: 5 start, 10 middle, 5 end
- Sentence types: 20 statements, 0 questions, 0 exclamations
Corpus analysis
- The phrase "parallel market" has 2 words and usually appears in the middle in these examples. The average sentence has 23.9 words and is mostly made up of statements.
- Around this phrase, patterns and context words such as and open parallel market where there, at the parallel market dropped marginally, foreign, exchange and rate stand out.
- In the phrase index, this combination connects with market report, market research, market share and parallel advisors, linking the page to nearby combinations.
Example types with parallel market
This selection groups the examples by length and sentence type, making usage of the full phrase easier to scan:
The naira also depreciated in the parallel market, often called the black market. (13 words)
The parallel market is galloping unchecked with a well over 20pc market exchange rate premium. (15 words)
On the parallel market, the foreign currency exchange rate stands at US$1:ZW$29. (15 words)
As such, the informal sector players only sell foreign currency to the parallel market due to higher returns at the parallel market while the use of dual pricing in a de-facto dollarisation environment makes buyers prefer to use the US dollar. (42 words)
Getachew believes because of the government's low level of foreign exchange reserves and forex restrictions, it is unlikely that the official market will satisfy the demand and hence the reliance on the parallel market is imminent. (37 words)
The distortion in the market and the cash crisis has seen the parallel market flourishing and businesses that rely on imports feeling the pinch and forking out more money for the elusive greenback. (33 words)
Example sentences (20)
Parallel Market Rates: The official and unofficial exchange rates differed significantly, with the parallel market rate circling at N1735/$1.
As such, the informal sector players only sell foreign currency to the parallel market due to higher returns at the parallel market while the use of dual pricing in a de-facto dollarisation environment makes buyers prefer to use the US dollar.
As a consequence, the parallel market for foreign exchange soared so that by the end of 1998, the premium of the parallel market rate over the official rate was 85%.
Over that time period, there were several exchange rate markets including black market, parallel market and the official market.
The naira also depreciated in the parallel market, often called the black market.
Getachew believes because of the government's low level of foreign exchange reserves and forex restrictions, it is unlikely that the official market will satisfy the demand and hence the reliance on the parallel market is imminent.
Owing to shortages of foreign currency on the official market, most import-dependent businesses have to rely on the parallel market to source foreign currency.
The bread price on the parallel market averages $6 a loaf against $4,10 on the formal retail market.
The parallel market is galloping unchecked with a well over 20pc market exchange rate premium.
The distortion in the market and the cash crisis has seen the parallel market flourishing and businesses that rely on imports feeling the pinch and forking out more money for the elusive greenback.
The local currency weakened against the dollar in the parallel market and Investors’ and Exporters’ Foreign exchange window of the market.
There have been concerns that government suppliers were fuelling inflation as they bought the green back on parallel market after being paid.
Last week, at the parallel market segment, the naira shed three basis points week-on-week against the USD to settle at 1,740.
The developments come at a time when the local unit has suffered heavy blows on the parallel market with premiums reaching as much as US$1:ZWG20.
A driver told Radio Dabanga that the continuing fuel crisis compels driver to buy petrol at the commercial price or from the parallel market.
In another development, the exchange rate at the parallel market dropped marginally on Friday as it closed at N475/$1 after exchanging as high as N486/$1.
In the court case, last Friday, allegations also emerged that Zvineyi also allegedly channelled part of the money he stole to the foreign currency parallel market.
Once withdrawn, the foreign currency finds its way to the thriving and open parallel market where there are no controls.
On the parallel market, the foreign currency exchange rate stands at US$1:ZW$29.
So profitable is the forex parallel market that the majority of the country’s unemployed are now forex dealers.