Nigerian Foreign Exchange: stylised facts and volatility modelling
Nigeria Deposit Insurance Corporation (NDIC)
Introduction; Stylized facts of Assets returns; Empirical Analysis of Exchange Rates Series; Selecting the best Volatility Model; Reference; Appendix
The Exchange rate plays an increasingly significant role in any economy as it directly affects the domestic price level, the profitability of traded goods and services, the allocation of resources, and investment decisions. The exchange rate and its risk are key factors that influence economic activities in Nigeria.