PROBABILITY MODELING OF EXCHANGE RATE FLUCTUATION IN NIGERIA (original) (raw)

This study focuses on the probability modeling of exchange rate fluctuations in Nigeria, recognizing the significance of exchange rates in macroeconomic stability and policy development. It highlights the need for accurate forecasting due to the exchange rate's impact on various economic factors, including inflation, trade balance, and overall economic growth. The main objective is to identify a unified probability distribution to effectively model these fluctuations, contributing to ongoing discussions in macroeconomic research and providing insights into the management of exchange rates in Nigeria.