The Effect of Exchange Rate on Agricultural Commodity and Pricing on Nigeria: 2009-2014
Journal Title: Scholars Journal of Economics, Business and Management - Year 2015, Vol 2, Issue 12
Abstract
This study on the Effect of Exchange Rate on Agricultural Commodity and Pricing on Nigeria: 2009-2014 is carried out of necessity. The exchange rate volatility in Nigeria has reached the level that even market women who know nothing of international economics knows “dollar price increased” as it has become their slogan as their reaction to the why they hike the price of goods. This study investigated the trends in exchange rate and agricultural commodity price in Nigeria: 2009-2014, explored the effect of exchange rate on agricultural commodity pricing and the consequences of agricultural commodity price fluctuations on the living standard of Nigerians. Using descriptive statistics, the study qualitatively analyzed empirical data secondary from secondary sources and came into the following conclusions: that exchange rate have been on the increase within the period in review; that agricultural commodity price increased and peaked at 2011 after when it started declining; that in as much as exchange rate fluctuation have some effect on agricultural commodity price, the trend of both variables shows that they could be some other factors responsible for the fluctuations in agricultural commodity fluctuations; and that changes in agricultural commodities have some effects on the living standard of Nigerians. Keywords: Effect, Exchange Rate, Agricultural Commodity, Pricing, Nigeria
Authors and Affiliations
Gbebeh Boobura D, Alex -Akukue Nennaaton, Piabari Nordum, Njoku, Kevin
Keywords
Related Articles
- EP ID EP383202
- DOI -
- Views 77
- Downloads 0
The verification of purchasing power parity model: evidence from US and Canada
Abstract: Purchasing power parity theory discusses and compares the relationship of purchasing power of different currencies in different countries. It provides a better prediction method for the movement of long-term ex...
Will The U.S. Capital and Financial Account Forecast the U.S. Need Foreign Capital to Finance its Deficit?
This research paper builds upon an earlier article by the author (Hojjat, 2014)[1] that used cross sectional and times series data to forecast the U.S. current account balance. This article projects the U.S. capital and...
Determinants of Foreign Direct Investment in Kenya: a Theoretical review
Abstract: Manufacturing in Kenya has been on the decline for a considerable period of time with its contribution to GDP stagnating at 10% from 1960’s. The performance of manufacturing sector is affected by low capital in...
Managerial Effectiveness and Corporate Performance: A Study of Micro Finance Bank Management in Nigeria
Poverty, unemployment which causes rural – urban migration and many other social problems has been witnessed in Nigeria in many ways. Yet the rural unemployed and uneducated farmers are blessed with ideas and are ready t...
Rural Poverty Alleviation: Reflections on Zimbabwe’s Experiences and Needed Strategy
Abstract:This paper evaluates rural poverty alleviation strategies that have been implemented by the government of Zimbabwe since independence in 1980 such as the establishment of cooperatives, growth points, infrastruct...