Aug 2026· Journal of Accounting and Financial Management· 0 citations
Abstract
Nigerian investors diversifying into international markets face a significant obstacle in the form
of foreign exchange risk, but there is a startling lack of empirical data on its effects. This study
closes this gap by carefully examining the impact of Naira volatility (NGN/USD, NGN/GBP, and
NGN/EUR) on the risk-adjusted performance of international portfolios. We use comparative
hedging simulations and multivariate regression using monthly data from 2010–2023, which
includes Nigeria’s 2016 capital liberalisation, several currency crises, and the 2023 Naira float.
Key findings show that oil price fluctuations and inflation discrepancies increase losses, and that
a 1% increase in forex volatility lowers real risk-adjusted returns (Sortino ratio) by 0.62% (*p*
< 0.001). Importantly, despite transaction costs, forward contracts through Nigeria's Investors' &
Exporters' window prove to be the best hedge, providing net returns during crises that are 10.8
percentage points higher than unhedged portfolios.
This study examines the impact of exchange rate volatility on the profitability and performance
of commercial banks in Nigeria from 2015 to 2024. Using a quantitative research approach
and explanatory design, it analyzes how exchange rate fluctuations influence key metrics such
as return on equity (ROE) and non-perform...
Aliyu Idris· International Journal of Eco...· 2 citations
In the context of accelerating globalisation and currency volatility, effective foreign exchange (FX)
risk management has become essential for business sustainability and performance. This study
investigates the relationship between FX risk mitigation strategies and key business performance
indicators, focusing on firm...
G. O. Aina· Journal of Accounting and Fi...· 0 citations
This study examines the impact of inflation and interest rates on the performance of Malaysian Real Estate Investment Trusts (M-REITs) during the period 2015–2025. Employing a panel fixed effects regression model with robust standard errors, the study evaluates M-REIT performance across four indicators: total return, d...
Husnizam Hosin, Mohd Lizam, Muhammad Syukri Abdullah· International journal of res...· 0 citations
This project provides an empirical investigation into the impact of major global currency movements on the valuation of the Indian Rupee (INR) over the decade from 2015 to 2025. Utilizing quantitative methodologies, including Pearson correlation analysis and multiple regression modeling, the study examines the relation...
Umamaheswararao Gobbilla, M. Anil· Research Digest on Engineeri...· 0 citations
This study examines the impact of Foreign Institutional Investors (FIIs), also referred to as Foreign Portfolio Investors (FPIs), on the growth, liquidity, and trading performance of the Indian capital market over the period 2015–2025. The primary objective is to assess whether foreign institutional investment contribu...
Mamta Singh· International Journal of Inn...· 0 citations
Foreign exchange risk has become one of the most significant financial challenges for organizations involved in international trade, foreign investment, and cross-border financial transactions. Exchange rate fluctuations directly affect import costs, export earnings, profitability, cash flows, and overall business perf...
Malle Jayanth Yadav, M. Rajitha· International Journal of Cre...· 0 citations
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