Maseno University Repository Relationship between currency spread determinants and financial performance of foreign exchange Bureaus in Kenya Login. JavaScript is disabled for your browser. Some features of this site may not work without it.
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Date: Abstract: The major problem facing forex bureaus is a performance drop trend which has fallen to just 77 in from 80 in according to the report on financial sectors. By the end of the same year, their profits had plummeted to mere Ksh. The purpose of the study was to assess the relationship between currency spread determinants and financial performance of foreign exchange bureaus in Kenya.
The specific objectives were to; determine the relationship of market volatility on the financial performance of foreign exchange bureaus, establish the relationship of interest rates on the financial performance of foreign exchange bureaus, determine the relationship of Gross Domestic Product on the financial performance of foreign exchange bureaus and to establish the relationship of inflation on the financial performance of foreign exchange bureaus. A correlational research design was employed, with all the foreign exchange bureaus listed.
The target population for the study was 76 licensed foreign exchange bureaus in the country and used a census of all the 76 forex exchange bureaus as the sample. Foreign Currency Exchange.
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