TABLE OF CONTENTS
PAGE
Title Page – – – – – – – – i
Certification – – – – – – – ii
Dedication – – – – – – – – iii
Acknowledgements – – – – – – iv
Table of Contents – – – – – – v-vii
List of Table – – – – – – – viii
Abstract – – – – – – – – ix
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study – – – – – 1-6
1.2 Statement of the Problem – – – – – 6-7
1.3 Objectives of the study – – – – – – 8
1.4 Research Question – – – – – – 8-9
1.5 Significance of the Study – – – – – 9
1.6 Scope/Limitations of the Study – – – – 10
1.7 Organization of the Study – – – – – 10-11
1.8 Definition of Terms – – – – – – 11-13
CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.1 Introduction – – – – – – – 14-20
2.2 Theoretical Concept of Exchange Rate – – – 21
2.3 The Objectives of Exchange Rate Policy in Nigeria – 21-22
2.4 Types of Currency Exchange Rate in Nigeria– – – 22-23
2.5 Factors Affecting Rate of Exchange – – – 23-24
2.6 Factors that Causes the Currency Differences of Naira 24-27
2.7 Factors Influencing the Determination of Exchange Rate 22-29
2.8 Bank Performance on Exchange Rate Policy – – 29-31
End Notes
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Introduction – – – – – – – 33
3.2 Restatement of Research Questions – – – 33
3.3 Design of the Study – – – – – – 34
3.4 Area of the Study – – – – – – 34
3.5 Population of the Study – – – – – 34-35
3.6 Sample and Sampling Technique – – – – 35-36
3.7 Instrument/Method for Data Collection – – – 36
3.8 Data Analysis – – – – – – – 36
CHAPTER FOUR
DATA PRESENTATION AND INTERPRETATION
4.1 Introduction – – – – – – – 37
4.2 Data Presentation, Analysis and Presentation – – 37-38
4.3 Test of Research Questions – – – – – 38-43
CHAPTER FIVE
FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.1 Findings – – – – – – – – 44-45
5.2 Conclusion – – – – – – – – 45-46
5.3 Recommendations – – – – – – 46-48
References
Appendix
ABSTRACT
This research aim was to examined exchange rate differences and the performance of deposit money bank in Nigeria” (a case study of zenith bank Plc). It aim at examining the problems and proffer remedies associating with exchange rate differences on Nigeria currency, that is, Naira and how bank’s performance interact with exchange rate differences to bring about growth in modern economic in Nigeria. The survey research method was employed and judgment sampling technique was used in gathering data for the study. The Taro Yamane’s statistical formular was used to determine the sample size of the study which was made up of 18 respondents from zenith bank Plc, Ikot Ekpene who were selected to respond to the questionnaire administered to them. Data collected from questionnaire administration were analyzed through the use of frequency tables and simple percentages. Findings revealed that the bank’s performance had made some impact on exchange rate difference to bring about growth in modern economy and also that exchange rate differences has cause so much destabilization in the Nigeria economy and thereby affect the exportation of domestic product which result in inflation we are facing today. It was recommended that, effective government policies, increase in the domestic product, change in exchange rate differences strategy and monetary authority policies are the possible solution or field ways of achieving stability on the exchange rate differences in Nigeria currency (Naira).
CHAPTER ONE
INTRODUTION
- Background of the Study
The fact that different currencies are used by different countries when they engaged in transaction makes it necessary to have a standard measure of exchange. For determining the relatives conversion values for the goods and services expressed in different currencies of the respective countries where settlement in foreign exchange is required such measures of values for foreign exchange conversion termed exchange rate referred to as the domestic price of foreign currency has dominated the discourse in international economics and finance. Exchange rate being price in monetary terms is a vital element for resources allocation and the removal of distortions arising from valuation under the barter system of exchange or counter-trade arrangements. Exchange rate determination methods derive their title from the techniques employed in obtaining value of the various currencies relative to each other, such as price mechanism method and fixed exchange rate method, Okigbo (2013, P.13).