Comparative analysis of modes of monetary exchange rates in Nigeria.

Simple item page
dc.contributor.authorMojekwu, J.N
dc.contributor.authorOkpala, O.P.
dc.contributor.authorAdeleke, I.A.
dc.date.accessioned2017-10-12T18:26:32Z
dc.date.available2017-10-12T18:26:32Z
dc.date.issued2011-12-28
dc.descriptionStaff Publicationen_US
dc.description.abstractThe study examined and compared the three modes of monetary exchange rates available in the Nigerian financial sector. The study utilized the data on the three alternative modes of monetary exchange rates, namely, Central Bank of Nigeria, Bureau de Change rates and Inter-bank rate against US Dollar. Time series was fitted to the three sets of data and the result examined for effective comparison. The results reveal that Central Bank of Nigeria yields the most stable exchange rate while Bureau de Change rates and the Inter-bank exchange rates fluctuate over the periods. Autoregressive integrated moving average (ARIMA) model was used to fit time series to the three sets of data. Findings reveal that there are variations in the performances of the three modes of exchange rates against US Dollar. The study concluded that Central Bank of Nigeria exchange rate is most stable while Bureau de Change and Inter-bank exchange rates to US Dollar fluctuate over the period under investigation.en_US
dc.identifier.citationMojekwu,J.N.,Okpala,O.P. & Adeleke,I.A. (2011) Comparative analysis of modes of monetary exchange rates in Nigeria. African Journal of Business Management. Vol.5(34), p.13025-13029.en_US
dc.identifier.issn1993-8233
dc.identifier.urihttp://www.academicjournals.org/AJBM
dc.identifier.urihttp://ir.unilag.edu.ng:8080/xmlui/handle/123456789/2190
dc.language.isoenen_US
dc.relation.ispartofseriesStaff Publication;
dc.subjectNigerian Financial Sectoren_US
dc.subjectExchange ratesen_US
dc.titleComparative analysis of modes of monetary exchange rates in Nigeria.en_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Comparative Analysis of Modes of Monetary Exchange Rates in Nigeria Joseph N. Majekwu ,Okwy P. Okpala and Ismail A. Adeleke.pdf
Size:
3.2 MB
Format:
Adobe Portable Document Format
Description:
Full Text
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Actuarial Science and Insurance -Scholarly Publications