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Acta Biomedica Scientia

Volume 1, Issue 2, 2013
Mcmed International
Acta Biomedica Scientia
Issn
2348 - 215X (Print), 2348 - 2168 (Online)
Frequency
bi-annual
Email
editorabs@mcmed.us
Journal Home page
http://mcmed.us/journal/abs
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Abstract
Title
EXCHANGE RATE VOLATILITY AND STATIONARITY: A NIGERIA-UNITED STATES RELATIONSHIP
Author
Ibraheem A.G, Raji I.I. and Adetunji A.A.*
Email
adecap4u@yahoo.com
keyword
Exchange Rate, Non-Stationarity, Volatility, Autocorrelation Function.
Abstract
This paper examines trends in exchange rate of Nigeria Naira to U.S. Dollar from 1970 to 2007. Using method of Autocorrelation Function (ACF), it was observed that the series are non-stationary. An autoregressive conditional heteroscedasticity (ARCH) reveals that the series is statistically non-volatile. The results show that time series data can be statistically non-volatile even when such series is non-stationary.
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