Effects Of Exchange Rate On Stock Prices In Nigeria:- Nwokonko, Chidinma F

ABSTRACT

This study examined the effect of exchange rate on stock prices in Nigeria from the period of2002 to 2016 using secondary data collected from CBN statistical bulletin. To analyze data collected, Ordinary Least Square (OLS) multiple regression technique was used to determine the effects of exchange rate on stock prices in Nigeria using E-views statistical software version 9.0. The study economic variable-interest rate which was also included in the study has a negative significant effect on stock prices. The study therefore concluded that exchange rate has a significant effect on economic policies and work toward achieving a single digit interest rate to reduce the effects of I fluctuating exchange rate and interest rate on stock market prices in Nigeria.