For a developing country like Nigeria, the price of foreign exchange plays a highly significant role in the ability of the economy to attain optimal productive capacity. This paper, using a statistical analysis, studies the foreign exchange rate behaviour in Nigeria's auction.

The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined. Using sectoral output and employment data, relative prices and relative productivities are calculated for China, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore,...

In this paper we spell out the advantages and disadvantages of fixing the exchange rate, with particular attention to the relationship between the pattern of economic disturbances and the exchange rate regime.