THE IMPACT OF EXCHANGE RATE FLUCTUATION ON INTERNATIONAL TRADE (EXPORT) IN NIGERIA.
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- NGN 3000
ABSTRACT
International trade and other economic activities between nationalities have greatly expanded in modern times. Movements of goods and services over great distances have made possible the consumption of such goods and services even in place or countries where they are not produced. The implication being and improve the standard of living for many. However, exporting countries and importing nations trace the enormous problems or exchange rates fluctuations. In this work an attempt have been made to examine the impact of exchange rates fluctuations and balance of payment (export position) in Nigeria. This is study was carried out through the use of a questionnaire, Oral, interviews and secondary data. It was found that there is a positive relationship between foreign exchange earnings and volume of imports in Nigeria that the importers do not think favourable of the structural adjustment programme and some Bank do not pay interest on the delayed export proceeds of FEM deposit account. Based on the findings we re commend that government should intervene to the foreign regulation of the sharp fluctuations in the foreign exchange market by improving the real productive sector of the economy. The apex bank should punish severely banks who do not repatriate export proceeds.
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