Impact Of Exchange Rate Fluctuation On International Trade In Nigeria (1984-2006)

ABSTRACT

Trade relation among nations of the world is no doubt integral and indispensable in the development strides of nations. Foreign, overseas, or international trade according to Anyanwu (193) is the buying and selling of goods ana services between countries; e.g. between Nigeria and the United States of America, Ghana and critarn etc. Foreign trade differs from home or domestic trade that is, while the latter is settled in local currency, the formula is settled in foreign currency or foreign exchange, while home trade is governed by the s me laws, customs and languages, and also factors of production can not easily cross national frontiers as they can, wit un the same country.