INTRODUCTION
Foreign exchange is the means of payment for international transaction. It is made up of convertible currencies that are generally accepted for the settlement of international trade and other external obligation. 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 also conditions which are held constant (creteris paribus). When these conditions change, the curve shift and there is a change in the equilibrium price quantity. This market for currencies is known as the foreign exchange market.
The foreign exchange market according to the central bank of Nigeria is the medium of interaction between the sellers and buyers of foreign exchange. The seller of foreign exchange constitutes the supply while the buyers of foreign exchange constitutes its demand. The supply of foreign exchange is derived from oil exports, non-oil export, expenditure of foreign tourist in Nigeria, capital repatriation by Nigerians resident abroad etc.
The demand for foreign exchange on the other hand consist of payments for imports, financial commitments to international organizations, external debt service obligations etc.
Before 1958, when the central bank was established and the enactment of the exchange control act of 1962, foreign exchange was earned by the private sectors and held in balances abroad by commercial banks which acted as agents for local exporters. Another feature of this period was that agriculture exports contributed the bulk of foreign exchange receipts. The fact that the British pound sterling was at par with the Nigerian pound sterling with easy convertibility delayed the establishment of an active foreign exchange market.
TABLE OF CONTENTS
Title Page
Approval Page
Certification
Dedication
Acknowledgements
Abstract
Table of Contents
CHAPTER ONE
Introduction
1.1 Background of the study
1.2 Statement of Problem
1.3 Objectives of the study
1.4 Research Questions
1.5 Hypothesis
1.6 Significance of the Study
1.7 Limitation of the study
1.8 Definition of Terms
Reference
CHAPTER TWO
2.0 Review of related literature
2.1 Over view of Exchange
2.2 Over view of exchange rate fluctuation
2.3 An overview of the impact of foreign exchange rate fluctuation on naira
2.4 Basic Exchange Rate Concepts
2.5 Buying and Selling Rates
2.6 Real Exchange Rate (RER)
2.7 The Impact of exchange rate fluctuation on international trade
2.8 Control measures
2.9 Summary
Reference
CHAPTER FOUR
4.0 presentation and Analysis of data
4.1 presentation of data
4.2 test of hypothesis
4.3 Discussion of result
CHAPTER THREE:
RESEARCH DESIGN AND METHODOLOGY
3.1 Research Design
3.2 Area of Study
3.3 Sources of Data
3.4 Population of the Study
3.5 Sample Size Determination and Sampling Techniques
3.6 Methods of Data Collection
3.7 Validity of the Instrument
3.8 Reliability of Instrument
3.9 Methods of Data Presentation and Analysis
CHAPTER FIVE
5.0 summary conclusion and Recommendations
5.1 summary of finding
5.2 conclusion
5.3 recommendations
Bibliography
Appendix
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(2014, 10). Exchange Rate Fluctuation.. ProjectStoc.com. Retrieved 10, 2014, from https://projectstoc.com/read/3776/exchange-rate-fluctuation-8227
"Exchange Rate Fluctuation." ProjectStoc.com. 10 2014. 2014. 10 2014 <https://projectstoc.com/read/3776/exchange-rate-fluctuation-8227>.
"Exchange Rate Fluctuation.." ProjectStoc.com. ProjectStoc.com, 10 2014. Web. 10 2014. <https://projectstoc.com/read/3776/exchange-rate-fluctuation-8227>.
"Exchange Rate Fluctuation.." ProjectStoc.com. 10, 2014. Accessed 10, 2014. https://projectstoc.com/read/3776/exchange-rate-fluctuation-8227.
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