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Exchange rate volatility: an analysis of the relationship between the Nigerian naira, oil prices, and US dollar
Gotland University, School of the Humanities and Social Science.
Gotland University, School of the Humanities and Social Science.
2011 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

This study seeks to assess the correlation which exists between exchange rate of Nigerian naira and Unites States dollar and oil price on the basis of monthly data from 1999-2009. The research employ the fundamental variables which were assumed to be the monthly spot crude oil price, monthly exchange rate of Nigeria naira and monthly exchange rate of United States dollar. The empirical result adopted the ordinary least square using regression analysis and also the correlation model which shows that there is a weak/negative relationship between exchange rate and oil price as there are other factors that brings about changes in oil price other than the exchange rate. The activities of cartel pricing policy and oil speculators too have come to greatly affect the price of crude oil, and it will be interesting to examine the impact speculators have on the change in price of crude oil against the normal drivers of crude oil price.

Place, publisher, year, edition, pages
2011. , 33 p.
Keyword [en]
Exchange rate Volatility, oil price, Nigerian naira, US dollar and OLS
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hgo:diva-912OAI: oai:DiVA.org:hgo-912DiVA: diva2:420652
Subject / course
Business Administration
Educational program
Master Program in International Management
Uppsok
Social and Behavioural Science, Law
Supervisors
Available from: 2011-06-07 Created: 2011-06-03 Last updated: 2013-07-01Bibliographically approved

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Exchange rate volatility: an analysis of the relationship between the Nigerian naira, oil prices, and US dollar(670 kB)8188 downloads
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Ojebiyi, AdemolaOlugbenga Wilson, David
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