Determinants of exchange rate in nigeria pdf
22 Jan 2018 Thus, exchange rate is the important determinant of stock market fluctuations [2]. In Nigeria, the value of naira experienced high degree of countries. There are many factors affecting the change of RMB exchange rate, such as inflation Exchange rate determinants influence the trend and development of exchange rate. There are Evidence in Nigeria 1973-2013).J. European Devaluation of currency became popular in Nigeria when Babangida-led balance, its determinants and their major findings include; exchange rate induce an 24 Oct 2016 Analysis of Determinants of Real Effective Exchange Rate in Nigeria DOI: https://doi.org/10.1515/tjeb-2016-0005. Open access. PDF. 23 Oct 2017 Finally, the study empirically found that exchange rate and interest rate are not determinants of real gross domestic product growth in Nigeria.
The management of foreign exchange in Nigeria has come a long way from the days of the military regimes when exchange rates were determined by military
Prior to the late 1980s, fixed exchange rate was practiced in Nigeria, when the Naira was pegged against the British Pound and later on the American Dollar. After this period, flexible exchange rate policy was adopted and exchange rate was allowed to float which was determined by demand and supply forces. Real exchange rate assessment for Nigeria: an evaluation of determinants, strategies for identification and correction of misalignments Emre Ozsoz Research Associate, Center for International Policy Studies (CIPS)‐Fordham University, Dealy Hall 5th Floor, 441 East Fordham Road, Bronx, NY 10458, USA. The naira exchange rate depreciation and volatility is among the vast macroeconomic maladjustments which have unfolded in the Nigerian economy in the recent past. This paper therefore, investigates the determinants of real exchange rate volatility in Nigeria from 1981 through 2008. Having obtained t DETERMINANTS OF SHARE PRICE ON THE NIGERIAN STOCK EXCHANGE Taiwo Phebe FADIRAN, PhD capital market studies in Nigeria focused on informational efficiency, testing the validity or otherwise of determine the price of share to include: real GDP, interest rate, inflation rate, exchange rate, money supply and firm measures of performance
national income, the degree of openness to trade, the existing stock of foreign capital in the previous period, inflation rate and exchange rate are well maintained
The study examines the determinants of exchange rate in Nigeria comparing the official exchange rates and the parallel market rates from the post SAP era of 1986 to 2017 using quarterly time The determinants of foreign exchange rate was carried out using time series data from 1986 to 2016.This analysis attempted to find out the casual relationship between external reserves and foreign 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. determinants of stock market returns in Nigeria using the OLS method based on the sourced time series variables from the Central Bank of Nigeria (CBN) between 1984 and 2010. The findings indicated that interest rate, previous stock return levels, money supply and exchange rate are the main determinants of stock returns in Nigeria. Having obtained the volatility of exchange rate through the GARCH (1,1) techniques, the ECM was used to examine the various determinants of exchange rate volatility in Nigeria, while the co exchange rate volatility in Nigeria from 1981 through 2008. Having obtained the volatility of exchange rate through the GARCH (1,1) techniques, the ECM was used to examine the various determinants of exchange rate volatility in Nigeria, while the co-integration analysis reveals the presence of a long term equilibrium The current exchange rate, e(t) =. E(e(t); t), is found by setting s = f in (9). This result reveals the fundamen- tal principle that the current exchange rate depends on the entire future ex- pected path of differences between (the logarithms of) the money supply and the exogenous component of money demand.
2 Jun 2017 Long-run in-sample evidence between exchange rates and oil prices The determinants of the euro-dollar exchange rate. Synthetic fundamentals four countries of which. Brazil, Nigeria and the.
9 May 2017 Exchange rate dynamics and monetary fundamentals: A cointegrated SVAR approach for Nigeria. Global Business Review, 15(2), 205–221. deficits, money supply, interest and exchange rates) significantly and positively impacted on the rate of inflation in Nigeria during the period under review. 13 Feb 2019 “Determinants of behavior of inflation rate in Nigeria”. AUTHORS nal debt, exchange rate, fiscal deficits, money supply and economic growth on inflation. i =10.1.1.673.8912&rep=rep1&typ e=pdf. 3. Ayubu, V. S. (2013). In finance, an exchange rate is the rate at which one currency will be exchanged for another. The FEER focuses on long-run determinants of the RER, rather than on short-term cyclical and speculative forces. The Microstructure Approach to Exchange Rates, Richard Lyons, MIT Press (pdf chapter 1); ^ "China denies national income, the degree of openness to trade, the existing stock of foreign capital in the previous period, inflation rate and exchange rate are well maintained
2 Jan 2020 Determinants of Exchange Rate in Nigeria: A Comparison of the Official and Parallel Market Rates. Article (PDF Available) · January 2019 with
The naira exchange rate depreciation and volatility is among the vast macroeconomic maladjustments which have unfolded in the Nigerian economy in the recent past. This paper therefore, investigates the determinants of real exchange rate volatility in Nigeria from 1981 through 2008. Having obtained t DETERMINANTS OF SHARE PRICE ON THE NIGERIAN STOCK EXCHANGE Taiwo Phebe FADIRAN, PhD capital market studies in Nigeria focused on informational efficiency, testing the validity or otherwise of determine the price of share to include: real GDP, interest rate, inflation rate, exchange rate, money supply and firm measures of performance 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. Analysis of Inflation and its Determinants in Nigeria. Article (PDF Available) growth rate of money supply (M2), fiscal deficit, exchange rate (U.S dollar to Naira), importance and interest
Having obtained the volatility of exchange rate through the GARCH (1,1) techniques, the ECM was used to examine the various determinants of exchange rate volatility in Nigeria, while the co exchange rate volatility in Nigeria from 1981 through 2008. Having obtained the volatility of exchange rate through the GARCH (1,1) techniques, the ECM was used to examine the various determinants of exchange rate volatility in Nigeria, while the co-integration analysis reveals the presence of a long term equilibrium The current exchange rate, e(t) =. E(e(t); t), is found by setting s = f in (9). This result reveals the fundamen- tal principle that the current exchange rate depends on the entire future ex- pected path of differences between (the logarithms of) the money supply and the exogenous component of money demand. Law of One Price (LOOP) If a diamond of high quality sells for •1000 €in Amsterdam •$4000 in New York •The exchange rate is $1.50/€ Then trader could buy the diamond for $1500 in Amsterdam and sell it for $4000 in New York. Aside from factors such as interest rates and inflation, the currency exchange rate is one of the most important determinants of a country's relative level of economic health.Exchange rates play a