Download Tag: FOREIGN EXCHANGE RATE

ABSTRACT Foreign exchange volatility affects the performance of macroeconomic indicators positively and negatively. Most import-dependent economies like Nigeria face the problem of foreign exchange rate volatility. Nigeria’s over dependence in the oil and gas sector of the economy has affected the major macro economic variables, and adverse foreign exchange rate regimes have affected the  Nigerian economy over  the  years.  Nigeria’s  major  foreign earning  is  from oil;  hence, volatility of crude ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND OF THE STUDY Foreign exchange is the means of payment for international transactions. It is made up of convertible currencies that are generally accepted for the settlement of international trade and other external obligations. Just like every other commodity, a market is established which works more like any other market having a supply curve, a demand curve, and an equilibrium price and quantity. There are ...