Exchange rates play a crucial role in the global economy, influencing trade, investment, and economic stability. Understanding the various measurements and regimes of exchange rates is essential for ...

Although the theoretical relationships are ambiguous, evidence suggests a strong link between the choice of the exchange rate regime and economic performance. The paper argues that adopting a pegged ...

Put simply, exchange rates compare the value of one currency to another. They measure how much of one currency it takes to purchase a unit of another. Exchange rates are ultimately determined in ...

Financial markets just sent a wakeup call to the U.S. Eleven nations in the Commonwealth of Independent States (CIS), including Ukraine, eliminated the dollar as a reserve currency. This is the most ...

The foreign exchange rate, often abbreviated as “forex” or “F.X.,” is a fundamental concept in international finance and trade. It plays a pivotal role in the global economy and impacts individuals, ...

The MAN DG added that the regime would engender competitiveness of Nigeria’s export and lead to improved market efficiency for effective foreign exchange access and rise in capital flows. Its Director ...

An analysis has shown that the real value of the Japanese yen last month fell to its lowest level since Japan adopted a floating exchange rate system in 1973, dropping to one-third of its peak level ...

The Nigeria Customs has clarified the exchange rate application in customs validation. In a statement by the National Public Relations Officer of Customs, ...

The Nigeria Customs Service (NCS) has pushed back against allegations that it was applying inflated exchange rates when calculating import duties, insisting that all foreign exchange figures used in ...

The Central Bank of Nigeria (CBN) yesterday unified all exchange rates within the economy into the Investors and Exporters (I&E) window. In a circular to authorised dealers signed by CBN Director, ...