we all know that a country's currency may not be the same in rate when exchanged. E.g naira against dollar, pound or Euro. Like one us dollar equals our 360 naira.
What's the cause and what should be done to create uniform exchange rate.

Pls dont be professional in explanation just be plain if possible use contextual analysis to air your idea.


lest idle economist and financial experts begin to use their terminology to bewilder us here
lalaclastica where are you helping hands

There are many reasons that cause fluctuation in the forex market, but the fundamental/important is.

The news regarding the economy growth... Take for example if Nigeria finally agree to come to its senses and focus more on industrialization and internal spending...

This will reduce inflation while causing investors to invest in various sectors in the economy and when these investors are coming into the country, they will need to dump their foreign currencies for our naira.... Causing DEMAND for the naira.

As demand arises, the price of naira will increase and dollar and other's will fall.

So applies to supply... Naira will fall while others will increase like what's happening presently.

Also if you wish to earn from this fall and rise in currency through the forex market... Holla me.

^^^^That's an honest advice. I share in your opinions. OP, I hope you read that.