EXAMINING MEXICAN PESO TO NIGERIAN NAIRA EXCHANGE RATE DYNAMICS AMID ECONOMIC RECESSIONS IN NIGERIA
Authors: Ngozi Uchenna Nwachukwu
DOI: 10.5281/zenodo.17375977
Published: April 2025
Abstract
<p><em>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. </em></p>
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DOI: 10.5281/zenodo.17375977
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