TABLE OF CONTENTS
DECLARATION ............................................................................................................... i
APPROVAL ..................................................................................................................... ii
DEDICATION ................................................................................................................. iii
ACKNOWLEDGEMENT .............................................................................................. iv
TABLE OF CONTENTS ................................................................................................. v
LIST OF TABLES ........................................................................................................ viii
LIST OF FIGURES ........................................................................................................ ix
ACRONYMS .................................................................................................................... x
CHAPTER ONE .............................................................................................................. 1
INTRODUCTION ............................................................................................................ 1
1. 0 Introduction .................................................................................................................. 1
1.1 Background to the study .............................................................................................. 1
1.1.1 Historical perspective .............................................................................................. 1
1.1.2 Theoretical perspective ........................................................................................... 2
1.1.3 Conceptual perspective ............................................................................................ 2
1.1.4 Contextual perspective .......................................................................... 3
1.2 Statement of Problem ................................................................................................... 3
1.3 Purpose of the study ..................................................................................................... 4
1.4 Specific Objectives ...................................................................................................... 4
1.5 Research Questions ...................................................................................................... 4
1.6 I-iypothesis .................................................................................................................... 5
1.7 Scope of the study ........................................................................................................ 5
1. 7 .1 Content scope ............................................................................................................ 5
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1.7.2 Time scope ................................................................................................................ 5
1.7.3 Geographical Scope .................................................................................................. 5
1.8 Significance of the Study ............................................................................................. 5
1.9 Definition of key terms ......................................................................................... 6
CHAPTER TWO ............................................................................................ : ................ 7
LITERATURE REVIEW ................................................................................................ 7
2.0 Introduction ............................................................................................................ 7
2.1 Conceptual of Exchange Rate ................................................................................... 7
2.2 Conceptual Review .............................................................................................. 13
2.3 Empirical Review ....................................................................................................... 14
2.3.1 Empirical Review-International perspective ........................................................... 14
2.3.2 Empirical literature-Local perspective .................................................................... 15
2.4 Research gaps ............................................................................................................. 16
CHAPTER THREE ....................................................................................................... 18
METHODOLOGY ......................................................................................................... 18
3 .1. Introduction ........................................................................................................... 18
3 .2. Research Design .................................................................................................... 18
3 .3. Focus area of study ................................................................................................ 19
3.4. Target population ................................................................................................... 19
3 .5. Research Instrument .............................................................................................. 19
3.5.1 Document review ............................................................................................... 20
3.5.2 Tabulation ............................................................................................................ 20
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3.6 Validity and Reliability ................ .. .................................................... 20
3.7 DataAnalysis ......................................................................................................... 20
3. 8 Procedure ............................................................................................................... 21
3. 9 Ethical considerations ............................................................................................ 22
3 .10 Limitations of the study ........................................................................................ 22
CHAPTER FOUR .......................................................................................................... 23
PRESENTATION, ANALYSIS, AND INTERPRETATION OF DATA ................. 23
4.1. Introduction ............. .............................................................................................. 23
4.2. Level of exchange by CERUDEB 2012-2017 ............ .......................................... 23
4.3. Changes in exchange rates (Us Dollar and British pound) from 2012-2017 ........ 26
CHAPTER FIVE ............................................................................................................ 33
SUMMARY, CONCLUSION AND RECOMMENDATIONS .................................. 33
5.1. Introduction ........................................................................................................... 33
5.2. Summary ................ .. ....... .. ......................... .. .. ........................................................ 33
5.3. Conclusion ............................................................................................................. 33
5.4. Recomn1endations ......................................... ......................................................... 34
5.5. Areas for further research ...................................................................................... 35
REFERENCES ........................................................ ................ ... .................................... 38
