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. 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
Also, it was found that interest rate and Gross Domestic Product are the main determinants of exchange rates in Nigeria but interest rateis insignificant in the
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 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
estimate the determinants of foreign reserves in Nigeria with focus on income, monetary policy rate, imports and In the context of fixed or managed exchange rate regimes, the traditional www.imf.org/external/pubs/ft/ar/2009/eng/pdf/a1. pdf.
2 Jan 2020 Determinants of Exchange Rate in Nigeria: A Comparison of the Official and Parallel Market Rates. Article (PDF Available) · January 2019 with
and discusses exchange rate volatility in Nigeria. Section 4 takes a look at the determinants of exchange rate while the challenges of exchange rate volatility are examined in Section 5. The paper ends with some concluding remarks in Section 6. 2. Some Conceptual Issues
16 Mar 2017 Determinants of Exchange Rate Volatility: New Estimates from Nigeria. Eastern Journal of Economics and Finance. Vol. 3, No. 1, 1-12, 2017.
25 Mar 2019 that real exchange rate has a positive impact on economic growth Bissau, Mali, Mauritania, Niger, Nigeria, Sierra Leone, Senegal and development_report.pdf (accessed on 20 October 2016). Legal Determinants of. 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 Keywords: Tourism demand, exchange rate, relative prices, panel data. Turkey, also showed that exchange rates are significant determinants of tourism NIGERIA. 1995-2011 1995-2011 1995-2011 1995-2012. 1995-2012. 1995-2012. Determinants of Inflation, Exchange Rate, and Output in Nigeria. Prepared This paper presents a macroeconomic model of the Nigerian economy. The long- In Nigeria Obi et al. (2010), investigated the determinants of exchange rate in Nigeria, by employing co-integration and error-correction techniques. The results 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