{"id":7795,"date":"2022-10-03T07:27:21","date_gmt":"2022-10-03T07:27:21","guid":{"rendered":"https:\/\/file.currentschoolnews.com\/?post_type=product&p=7795"},"modified":"2022-10-04T11:07:36","modified_gmt":"2022-10-04T11:07:36","slug":"exchange-rate-fluctuations-and-trade-in-nigeria-pdf","status":"publish","type":"product","link":"https:\/\/pastexamquestions.com\/product\/exchange-rate-fluctuations-and-trade-in-nigeria-pdf\/","title":{"rendered":"Exchange Rate Fluctuations and Trade in Nigeria (PDF)"},"content":{"rendered":"

– Exchange Rate Fluctuations and Trade in Nigeria –<\/strong><\/span><\/p>\n

Download Exchange Rate Fluctuations and Trade in Nigeria<\/strong><\/span>. Students who are writing their projects can get this material to aid their research work.<\/span><\/span><\/p>\n

\"\"<\/span><\/a><\/p>\n

Introduction<\/strong><\/h3>\n

1.1 Background of the Study<\/strong><\/p>\n

Trade involves the transfer of goods and\/or services from one person or entity to another, often in exchange for money.<\/p>\n

The concept of trade has gained wide recognition due to the existence of specialization and division of labour, in which most people concentrate on a small aspect of production, but use that output in trades for other products (Oyejide, 2006).<\/p>\n

International trade has flourished over the years due to the many benefits it has offered to different countries all over the world. The advent of globalization has led to an increasing demand for international trade.<\/p>\n

According to Oyejide (2006), international trade is the exchange of services, goods, and capital among various countries and regions, without much hindrance.<\/p>\n

The international trade accounts for a good part of a country\u2019s gross domestic product. In international trade, the importation and exportation of goods are limited by the exchange rate, import quotas and mandates from the customs authority of various countries participating in global trade (Bah and Amusa, 2013).<\/p>\n

The importing and exporting jurisdictions of various countries may impose a tariff on the goods and services traded in the global market. In addition, the importation and exportation of goods are subject to trade agreements between the importing and exporting jurisdictions of participating countries.<\/p>\n

According to Chowdhury (2013), fluctuations are upward or downward movement in the prices of products in an economy. Fluctuations in prices are a common phenomenon in the economic world, particularly among producers of agricultural products.<\/p>\n

More so, fluctuations in the level of the national income of a country representing growth or contraction. A market economy is not static. It’s dynamic.<\/p>\n

A rise in national income means an economy is growing, while a decline in national income means that an economy is contracting. The current economic model describing economic fluctuations in a market economy is the business cycle.<\/p>\n

The exchange rate is defined as the rate at which one currency is exchanged for another, usually between countries. From this definition above, exchange rate is regarded as a price of one\u2019s country currency in terms of another country\u2019s currency.<\/p>\n

Thus, the exchange rate between the naira and the dollar refers to the amount of naira required to purchase a dollar. According to Obaseki (2013) the exchange rate of a particular currency measures the worth of a domestic economy in terms of another.<\/p>\n

He went further to identify other importance of exchange rate as; it measures the external value of a currency,it provides a direct relationship between the domestic and foreign prices of goods and services, etc.<\/p>\n

Supporting the above, Iyoha (2008) opines that foreign currency is required for making payments to other countries for goods, services, interest payments on loans for investment.<\/p>\n

Thus, Nigeria\u2019s demand for US dollars, British Pound Sterling, French francs and Japanese Yen is largely derived from Nigeria\u2019s demand for American, British, French and Japanese goods respectively.<\/p>\n

Nigeria\u2019s supply of these currencies is earned by its exports to those countries. Therefore, understanding the behaviour of the exchange rate fluctuation and its impact on trade is very significant.<\/p>\n

\"\"<\/span><\/a><\/p>\n

How to Download this Project Material<\/strong><\/span><\/h2>\n

First, note that we are one of the best and most reliable online platforms because we don\u2019t retain any of your personal information or data as regards making payments online.<\/span><\/p>\n

PRICE: <\/strong>\u20a63,500<\/b><\/del><\/span> \u20a63,000\u00a0 (Three Thousand Naira Only)<\/b><\/span><\/h2>\n

\"\"<\/span><\/a><\/h2>\n

Make a bank deposit or mobile transfer of \u20a62,000\u00a0<\/strong>only to the account given below;<\/span><\/p>\n

\n

Bank Name:<\/b>\u00a0UBA Account Number:<\/b>\u00a01022564031 Account Name:<\/b>\u00a0TMLT PRO SERVICES<\/span><\/p>\n

\n

After making the payment,\u00a0CLICK HERE\u00a0<\/strong><\/a>to send the following on WhatsApp;<\/span><\/p>\n