BALANCE OF PAYMENTS AND EXCHANGE RATE VOLATILITY IN NIGERIA: AN ANALYSIS OF INTERACTIONS AND IMPLICATIONS

Аннотация

This study examines the relationship between the balance of payments and exchange rate volatility in Nigeria. The balance of payments is a critical indicator of a country's economic health, reflecting its transactions with the rest of the world. Exchange rate volatility, on the other hand, affects international trade, investment, and overall macroeconomic stability. By conducting an empirical analysis, this research investigates the interactions between Nigeria's balance of payments and exchange rate volatility and explores the implications for the country's economic performance. The findings provide valuable insights for policymakers, businesses, and investors seeking to understand and manage the dynamics between the balance of payments and exchange rate volatility in Nigeria. KEYWORDS Balance of payments, exchange rate volatility, Nigeria, economic health, international trade, investment, macroeconomic stability, empirical analysis, economic performance, policymakers, businesses, investors.