Impact Of Exchange Rate Fluctuation On Economic Growth In Nigeria:- Obidiegwu Victor C

ABSTRACT

Foreign exchange is the means of" payment for international transaction. It is made up of convertible currencies that are generally accepted for the settlement ofinternational trade and other external obligation. Just like every other commodity, a market is established which works more like any other market having a supply curve, a demand curve and an equilibrium price and quantity '1 here arc also conditions which are held constant (ceteris paribus). When these conditions change. the curve shill and there is a change in the equilibrium price quantity. This market for currencies is known as the foreign exchange market, Tauline (2008). The foreign exchange market according. to the central bank ofNigeria is the medium ofinteraction between the sellers and buyers offoreign exchange.