INTERVENTION ANALYSIS OF MEXICAN PESO TO NIGERIAN NAIRA EXCHANGE RATES DURING NIGERIA'S ECONOMIC RECESSIONS

https://doi.org/10.5281/zenodo.15482120

Authors

  • Ngozi Uchenna Nwachukwu Department of Mathematics, Rivers State University of Science and Technology, Port Harcourt, Nigeria

Keywords:

Mexican Peso, Naira, Exchange Rate, Modelling, Intervention Analysis

Abstract

Modelling the Mexican Peso to the Nigerian Naira exchange rates with the standard Box-Jenkins ARIMA model in the presence of external events might be misleading and generating forecasts from such model may be unreliable. This study posits that the exchange rate between Mexican Peso and Nigerian Naira was exclusively influenced by the economic downturn experienced in Nigeria during the years 2016 and 2020. Thus, the intervention is described as a step function

Published

2025-05-22

Issue

Vol. 13 No. 2 (2025)

Section

Articles
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