Determinants of foreign exchange rate in nigeria

Again, Ejim (2010) investigated the empirical analysis of the determinants of exchange rate in Nigeria for the period of 1989-2010 and found out that inflation is a key determinant of exchange rate in Nigeria. According to Jhingan (2005), to maintain both internal and external balance, a country must control its exchange rate. This research study examined the determinants of exchange rate in Nigeria from 1980-2014. For this purpose, annual figures of interest rate, inflation and degree of trade openness at the economy were regressed on exchange rate in a framework of multiple models; ordinary least square (OLS) technique at estimation was employed. The long run impact of oil prices on Nigeria’s exchange rates are the subject of this study. Nigeria abandoned a fixed exchange rate regime in favour of floating exchange in 1986. This step was taking in order to address Nigeria economic mal-functioning. Nigeria is an open monoculture economy that is over-dependent on crude oil.

paper evaluates the determinants of real exchange rates for the Nigerian Naira. Estimations suggest that oil prices, broad money supply, level of foreign  Although studies have examined the determinants of exchange rate movement For a country like Nigeria with high taste for foreign commodity, the demand for  the movements in output and inflation and their dynamics in Nigeria. However, many of exchange rate, government spending, the money supply, and foreign income. The rate are the major determinants of inflation dynamics in Nigeria. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling 

This paper presents a macroeconomic model of the Nigerian economy. The long- run relationships pertaining to the markets for money, foreign exchange, and ( non 

Some of the policies employed to stabilize exchange rate in Nigeria include: Second Tier Foreign Exchange Market (SFEM), Autonomous Foreign Exchange Market (AFEM), The Dutch Auction System (DAS) etc. The policies were tried but still were unable to proffer a solution to exchange rate stability. This research study examined the determinants of exchange rate in Nigeria from 1980-2014. For this purpose, annual figures of interest rate, inflation and degree of trade openness at the economy were regressed on exchange rate in a framework of multiple models; ordinary least square (OLS) technique at estimation was employed. The long run impact of oil prices on Nigeria’s exchange rates are the subject of this study. Nigeria abandoned a fixed exchange rate regime in favour of floating exchange in 1986. This step was taking in order to address Nigeria economic mal-functioning. Nigeria is an open monoculture economy that is over-dependent on crude oil. Exchange rate for their national currencies so that the rate may serve as an efficient resource allocation instrument. The purpose of this study is the reviews of how Nigeria determines its exchange rate (foreign exchange rate) and in doing so one finds it compelling and hopefully rewarding to take a general look at exchange rate. CHAPTER ONE INTRODUCTION 1.1 Background to the Study A study on real exchange rate (RER) will not be complete without an explanation of exchange rate. Obadan (2006) refers exchange rate as a key macroeconomic variable in the general economic policy making, and economic reform programs which gove introduced in Nigeria 1986 was to achieve macroeconomic stability by reducing the level of inflation through the achievement of a stale and realistic exchange rate. Towards this and government deduced to deregulate exchange rate determination and the foreign exchange allocation system by relying largely on market focus.

The study investigated foreign exchange rate risk exposure of 117 samples of Nigerian Listed Keywords: Exchange Rates, Risk Exposure, Nigerian Firms. 1. whether the industrial structure is an important determinant of the exchange rate.

The need to understand what drives exchange rates is now very crucial, an understanding of its determinants particularly in a developing nation like Nigeria would indeed aid in policy decisions of conducted on the extent of naira exchange rate volatility impact on foreign trade in Nigeria (Soludo and Adenikinju, 1997; Obaseki, 2001 and Aliyu, 2008), this paper seeks to build on these previous studies by quantitatively measuring the determinants of real exchange rate volatility in Nigeria from 1981 to 2008.. 64 Determinants of Foreign Reserves in Nigeria: An Autoregressive Distributed Lag Approach Irefin & Yaaba relevant literature on foreign reserves management. Section three explains the methodology, while section four presents the empirical results and section five concludes the study.

Some of the policies employed to stabilize exchange rate in Nigeria include: Second Tier Foreign Exchange Market (SFEM), Autonomous Foreign Exchange Market (AFEM), The Dutch Auction System (DAS) etc. The policies were tried but still were unable to proffer a solution to exchange rate stability.

paper evaluates the determinants of real exchange rates for the Nigerian Naira. Estimations suggest that oil prices, broad money supply, level of foreign  Although studies have examined the determinants of exchange rate movement For a country like Nigeria with high taste for foreign commodity, the demand for  the movements in output and inflation and their dynamics in Nigeria. However, many of exchange rate, government spending, the money supply, and foreign income. The rate are the major determinants of inflation dynamics in Nigeria.

Exchange rate is the price of one unit of the foreign currency in terms of the domestic currency. The debate over what determines the choice of exchange rate  

Real Gross Domestic Growth Determinants in an Oil Revenue Dependent Country: An Assessment of Nigeria's Exchange Rate and Interest Rate growth rate in 2016 coupled with the foreign exchange crisis that engulfed the economy. (2001) showed theoretically that exchange rate policy affect foreign direct investment flow while 2003 with Gambia, Ghana, Guinea, Nigeria and Sierra- Leone as pioneer The framework actually grouped FDI determinants into micro -. 30 Jun 2018 determinants of industrial output in Nigeria: Exchange rate and employment than 95 per cent of exports and foreign exchange earnings.

paper evaluates the determinants of real exchange rates for the Nigerian Naira. Estimations suggest that oil prices, broad money supply, level of foreign  Although studies have examined the determinants of exchange rate movement For a country like Nigeria with high taste for foreign commodity, the demand for  the movements in output and inflation and their dynamics in Nigeria. However, many of exchange rate, government spending, the money supply, and foreign income. The rate are the major determinants of inflation dynamics in Nigeria. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling  The determinants of exchange rate mounts mish pressure on its fluctuation effects on naira. CBN apply the foreign exchange rate control measures, it put the   Read Book Online Now http://www.ezbooks.site/?book=3843365652Read DETERMINANTS OF FOREIGN EXCHANGE RATE IN NIGERIA: Nigeria Foreign