Determinants of exchange rate in nigeria
1 Nov 2014 To determine the determinants (determining factors) of real exchange rate in Nigeria. Research questions. 1. Does fluctuation in real exchange of real exchange rate and immediate past value of trade openness are the major determinants of real exchange rate in Nigeria. The result further indicates that there is evidence of long run relationship between real exchange rate and two explanatory variables (gross domestic product growth rate and trade openness). The result suggests that one year past value of exchange rate and immediate past value of trade openness are the major determinants of exchange rate in Nigeria. The result further indicates that there is evidence of long-run relationship between rate and two explanatory variables (gross domestic product growth and trade openness). The result suggests that one year past value of exchange rate and immediate past value of trade openness are the major determinants of exchange rate in Nigeria. The result further indicates that there is evidence of long-run relationship between rate and two explanatory variables (gross domestic product growth and trade openness). 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
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
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 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. 1. To identify the macroeconomic factors that influence exchange rate in Nigeria; 2. To investigate the effect of inflation, and money supply on exchange rate, after deregulation; 3. To know whether exchange rate is stable over the years before and after Structural Adjustment Programme (SAP) 4. 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 The main objectives of exchange rate policy in Nigeria are to preserve the value of the domestic currency, maintain a favourable external reserves position and ensure external balance without compromising the need for internal balance and the overall goal of macroeconomic stability. Exchange Rate Movement The average AFEM
exchange rates in Nigeria as well as exchange rate trend in the country. 2 . For instance, Aliyu (2011) identified the determinants of real exchange rate as.
30 Jul 2011 The research found that exchange rate depreciation, money supply and real gross domestic product are the main determinants of inflation in
A perfect example of the current dollar to Naira exchange rate against Nigerians is the on going payment for Hajj. Some Muslim brothers and sisters are finding it
27 Sep 2019 “Macroeconomic Determinants of Exchange Rate Pass-through in India”. Colarado College Working Paper No. 2007-02. Goldberger, P.K. and Atanda and Iyekoretin (2012) examined the determinants of Nigeria's real exchange rate dynamics from 2008 to 2011 using Vector Error. Correction model. Their
The result suggests that one year past value of exchange rate and immediate past value of trade openness are the major determinants of exchange rate in Nigeria. The result further indicates that there is evidence of long-run relationship between rate and two explanatory variables (gross domestic product growth and trade openness).
ABSTRACT. Over the past ten years, the exchange rate of Nigeria on domestic currency to other foreign currencies, especially the US dollars has been on the Lastly, Obi et al; (2010) employed co-integration and error-correction techniques to investigate the determinants of exchange rate in Nigeria. Their results
Atanda and Iyekoretin (2012) examined the determinants of Nigeria's real exchange rate dynamics from 2008 to 2011 using Vector Error. Correction model. Their Currency weights in Zambia's real exchange rate (1990–1996) THE DETERMINANTS OF THE REAL EXCHANGE RATE IN ZAMBIA. 1 Mobilizing Domestic Resources for Economic Development in Nigeria: The Role of the Capital Market,. 1986, Nigeria's exchange rate system was administratively managed (adjustable peg). rate are the major determinants of inflation dynamics in Nigeria. 17 Jan 2019 sistent fluctuation in exchange rate in Nigeria. The persistent as direct determinants in the relative changes in exchange rate between the two. ABSTRACT. Over the past ten years, the exchange rate of Nigeria on domestic currency to other foreign currencies, especially the US dollars has been on the Lastly, Obi et al; (2010) employed co-integration and error-correction techniques to investigate the determinants of exchange rate in Nigeria. Their results