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Naira’s Wild Ride: Decoding Daily Exchange Rate Volatility in Nigeria

This study investigated the volatility and daily exchange rate movements of the Nigerian Naira against the US Dollar, focusing on the factors influencing volatility dynamics. Using daily exchange rate data from May 29, 2015 to November 17, 2024, obtained from Central Bank of Nigeria Publications. Exponential Generalized Autoregressive Conditional Heteroskedasticity (EGARCH) model was employed to analyze volatility persistence and asymmetry effects. It was discovered that there is volatility in the Nigerian exchange rate market. The asymmetry parameter was found to be positive and significant l…

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from https://iiardjournals.org/get/WJFIR/VOL. 9 NO. 6 2025/NAIRAS WILD RIDE 120-137.pdf
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Source	OpenAlex research
Collection	International records
Kind	Document
Publisher	WORLD JOURNAL OF FINANCE AND INVESTMENT RESEARCH
Date	2026-09-09
Type	article
Details	openalex authorships.countries:NG,primary topic.subfield.id:3320\|3321\|3308\|1202\|3303\|3312\|2002\|2000\|2003 + local /\bnige
Found at	https://doi.org/10.56201/wjfir.v9.no6.2025.pg120.137
Archived copy	Look it up in the Wayback Machine
Record ID	`openalex:W7212001566`

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Naira’s Wild Ride: Decoding Daily Exchange Rate Volatility in Nigeria. OpenAlex research, 2026. Vero Archive, record openalex:W7212001566.