ABSTRACT
Exchange rate fluctuation refers to inconsistent nature of the currency of any country as exchanged with other currencies the Nigerian Naira has suffered consistent fluctuations (changes) since 1970 when compared to the U.S dollar. More so when a domestic currency expressed in terms of a weighted basket of currencies of the major trading patner using innoson industries ltd Enugu. The weight assigned to each currency reflect on the volume of made with the country dormice. Also the manufacturing sub-sector if adequately harnessed could bring about rapid industrial development in the country as well as stabilize Nigeria economy. We also find out that our over dependence on mono product (oil based economy) in budget allocation and growth determination has continue to weaken the economy even when viable exchange rate polices are introduced. The researcher investigates the topic due to rapid Deprecation of the Naira against the united states dollars and other major currencies accumulating activities. The method used in gathering the date is through primary and secondary data. The primary data was collected majority from oral interviews and questionnaire administrated to respondent. Oral interview was earner used during the held work. This helped us in answering research questionnaires. The secondary data used during the introductory and explanatory study were derived from wild range of consultations of many published articles as well as unpublished materials such as internal report of the company textbooks, journeys found in the internet and the central bank monthly bullion. The findings of the study arose from the analysis of the primary data and knowledge gained from treasure review which are (1) a greater number of respondents due to incessant changes in naira exchange rate agree to fact that the said fluctuation have hampered the effective performance of Nigerian manufacturing sub-sectors. (2) the exchange rate fluctuation is not the sole determinant of the Nigerian manufacturing sub-sector and mans other finding, Recommendation. We recommendation that as long as we continue to be recommend in policy formulation, we will not achieve the desired growth and we will continue to import equipments and cars to the me detriment of our economy.
TABLE OF CONTENTS
Title page ii
Dedication iii
Acknowledgement iv
Abstract v
Table of contents vi
List tables vii
CHAPTER ONE
1.1 Background of the study 1
1.2 Statement of the problem 6
1.3 Objectives of the study 9
1.4 Scope and Limitation of the Study 11
1.5 Significance of the study 13
1.6 Research Question 15
1.7 Research hypotheses 16
1.9 Definitions of terms 17
Reference
CHAPTER TWO
1.0 Review of related literature 21
2.1 Concept of the Exchange Rate 21
2.2 Factor Determination Exchange Rate 23
2.3 Types of Exchange Rate 24
2.4 Forward Rate 26
2.5 Pre-Structural Adjustment Programme Period 28
2.6 Import Weighted Basket Approach 31
2..7 Post Structural Adjustment 31
CHAPTER THREE
Research methodology
3.1 Research Design 37
3.2 Primary Data 30
3.3 Population of the Study 38
3.4 Research Instrument 39
3.5 Sample and sampling Procedure 40
3.6 Method of Investigation 41
Reference
CHAPTER FOUR
4.1 Data presentation, and Analysis 44
4.2 Testing of Hypothesis 50
Reference
CHAPTER FIVE
5.0 Summary of findings conclusions and
Recommendation
5.1 Summary of Finding 59
5.2 Conclusions 62
5.3 Recommendation 63
Bibliography
