The Impact of Exchange Rate Fluctuation in International Trade in Nigeria

The Impact of Exchange Rate Fluctuation in International Trade in Nigeria

Project / Seminar Material
Reference ID: PS-14239-TM

DEDICATION

This research material titled “The Impact of Exchange Rate Fluctuation in International Trade in Nigeria” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Business Administration and Management (BAM), Book Authors and Profound Scholars of existing or related project material on “The Impact of Exchange Rate Fluctuation in International Trade in Nigeria” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”

    ABSTRACT

    The impact of exchange rate fluctuations on international trade in Nigeria is a topic chosen from exchange rate on international trade field.

    The research was conducted mainly to examine the exchange rate fluctuation on international trade in Nigeria for effective research on this topic; both primary and secondary data were sued to elicit Information from sample studied, the primary source of data were responses from personal in ferried while secondary source were from periodic journals and newspapers.

    Two hundred persons were interviewed as the sample of exporters with exchange rate fluctuation and data analysis were based on oral interview and the major findings are as follows; that exchange rate fluctuation has a negative effect on agricultural exports thus the more the exchange rata changes, the lower the income earnings in output production and a reduction in export trade.

    That an appreciation of the local currency decreases export earnings, while an increase in export price influences the level of exports positively. The appreciation of exchange rate reduces import while its volatility has a positive effect.

    The Impact of Exchange Rate Fluctuation in International Trade in Nigeria

    CHAPTER ONE

    Introduction

    An Overview Of The Study

    In the early 1960s in Nigeria, there was little concern. For exchange rata policy, as it had almost on significance in economic management between 1960 and 1967, the Nigeria currency was adjusted in relation to the British pound with one to one relationship between them. Between 1967 and 1974, another fixed parity was maintained with the American dollar. The system was abandoned between 1974 and late 1976 when an independent exchange rate management policy was ushered in that pagged the naira to either the U. S. dollar or the british pound sterling which ever currency was stronger in the foreiga exchange market. Because of the huge earnings from crude petroleum exports over the period, Nigeria persistently cans appreciable externel surpluses in the balance of payments, which supported the appreciation of the naira. This practice ied to considerable stability in the naira exchange rate.

    Late in 1976 as aresult of the changing fortunes of Nigerias economic circumstances a policy reversal was effected in the management of the naira exchange rate. There was a deliberate depreciation of the naira, thought thiswas notsystematic. In an effort to realign the naira exchange rate the monefarists were convinced that a more appropriate way to ensure stability on the naira was to peg it to a basket of currencies.

    …

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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