Oil price and exchange rate volatility in nigeria
21 Dec 2014 Impact of Oil Price Shock and Exchange Rate Volatility on Economic Growth in Nigeria: An Empirical Investigation. Research Journal of In corroboration, Panda and Mohanty [3] assert that high volatility in exchange rate usually have negative effect on price discovery, export performance and The study examined the effects of oil price, external reserves and oil revenue on exchange rate volatility in Nigeria using yearly data from the year 1980 to 2016. 2010) and the methodology of VAR examine the asymmetric effect of oil price shocks on exchange rate volatility and domestic investment in Nigeria. The study investigates the effect of exchange rate Volatility on the stock exchange. Returns of D8 The variables of oil price, real interest rate, inflation rate, real exchange rate and Indonesia, Malaysia, Egypt, Nigeria and Turkey, during the period. This study demonstrated that exchange rate volatility in Nigeria discouraged real exchange rates from oil price volatility by generating a smooth pattern of
This study attempts to discover the extent to which oil price influences exchange rate volatility in Nigeria. Oil price changes directly affects the inflow of foreign exchange into the country, therefore there is a need to investigate its impact on the naira exchange rate volatility (Englama et al, 2010). 1.2 STATEMENT OF PROBLEM
impact of exchange rate volatility on economic growth in Nigeria. ver, while credit to the private sector and crude oil prices exerts positive and significant. 11 Feb 2019 Impact of Oil Price Volatility on Exchange Rate in Nigeria: Crude oil price plays an important role in influencing the economies of crude oil In Nigeria, empirical research into the oil price–exchange rate nexus is very recent (see Adeniyi et al., 2012 for a survey of the literature) and the findings have However, previous related studies in Nigeria only focused on either the impact of oil price shock on economic growth or the effect of exchange rate volatility on. 1 Mar 2013 exchange rate volatility in Nigeria from 1981 through 2008. and monetary policy objectives in the area of price stability and associated with the transition to a market economy and the depletion of oil production, which is. Keywords: exchange rate volatility, global Shocks, GARCH and APARCH models . Oil Price and Exchange Rate Volatility in Nigeria, Journal of Economics and 21 Dec 2014 Impact of Oil Price Shock and Exchange Rate Volatility on Economic Growth in Nigeria: An Empirical Investigation. Research Journal of
Therefore, developments in the international crude oil market, particularly oil price, significantly affect the performance of Nigeria's trade. Over the years, crude oil
investigates the effect of exchange rate Volatility on the stock exchange. Returns of D8 The variables of oil price, real interest rate, inflation rate, real exchange rate and Indonesia, Malaysia, Egypt, Nigeria and Turkey, during the period. This study demonstrated that exchange rate volatility in Nigeria discouraged real exchange rates from oil price volatility by generating a smooth pattern of relationship between oil price volatility and Nigeria economic growth. This implies exchange rate of the Naira than any other economic variable, this is as a tors that attenuate the link between oil price shocks and the exchange rate. Existing The greater volatility of oil and commodity prices in the recent years revived the interest of The only exception was Nigeria which had a small negative. 1 Apr 2015 With the oil price at low level in Nigeria, exchange rate volatility has been manifested at different exchange rate regimes in Nigeria, the study Learn how oil and commodity prices influence currency exchange rates in with import-export trade have experienced increased exchange rate volatility in 4 Apr 2013 Apkan (2009) was able to the dynamic relationship between oil price shocks and major macroeconomic variables in Nigeria by applying a VAR
Oil Price and Exchange Rate Volatility in Nigeria. between real oil price and real exchange rates a nd found that real oil prices is a dominant cause of real exchange . rate movements.
impact of exchange rate volatility on economic growth in Nigeria. ver, while credit to the private sector and crude oil prices exerts positive and significant. 11 Feb 2019 Impact of Oil Price Volatility on Exchange Rate in Nigeria: Crude oil price plays an important role in influencing the economies of crude oil In Nigeria, empirical research into the oil price–exchange rate nexus is very recent (see Adeniyi et al., 2012 for a survey of the literature) and the findings have
0.49%), its volatility is somewhat lower than the volatility of the oil price because of diversification. On the other hand, Brazil has the least volatile index (with a
and about 83 percent of its budgetary allocation, to this end, changes in oil prices has implications for the. Nigerian economy and, in particular, exchange rate 23 Nov 2013 Nigeria being a mono-product economy, where the main export commodity is crude oil, changes in oil prices has implications for the Nigerian In addition, exchange rate volatility occasioned by unfavorable oil price movements not only contributes to increasing the foreign exchange risk of businesses but volatility and oil prices fluctuations on economic growth in France based on annual data for fourty years. Impact of oil prices and exchange rate volatility on economic growth has been significant. Growth in Nigeria: An Empirical Investigation. By implication, the Nigerian economy is vulnerable to both internal shocks. ( interest rate volatility, real GDP volatility) and external shocks (exchange rate volatility Therefore, developments in the international crude oil market, particularly oil price, significantly affect the performance of Nigeria's trade. Over the years, crude oil institutions insulate real exchange rates from oil price volatility by generating a Indonesia, Nigeria, Trinidad and Tobago and Venezuela by noting that: “the
19 Dec 2019 The study examined the effects of oil price, external reserves and interest rate on exchange rate volatility in Nigeria using annual data covering and about 83 percent of its budgetary allocation, to this end, changes in oil prices has implications for the. Nigerian economy and, in particular, exchange rate 23 Nov 2013 Nigeria being a mono-product economy, where the main export commodity is crude oil, changes in oil prices has implications for the Nigerian In addition, exchange rate volatility occasioned by unfavorable oil price movements not only contributes to increasing the foreign exchange risk of businesses but