Influence of exchange rate movements on financial performance Incentenary Bank Head Office Uganda
Kush, Nakazzi Vyna
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The study aims at investigating the influence of exchange rate movements on the financial performance of Centenary Bank Uganda Limited, head office. In general, the study reviews theoretical and empirical concepts on the level of economic stability, monetary policy and level of international competitiveness and how they determine exchange rate movements which affect the financial performance of Centenary bank, Uganda. The study employs a descriptive survey research design. The study was guided by the following objectives: to establish the extent to which level of economic stability influences financial performance in Centenary bank head office Uganda; to examine how monetary policies influence financial performance in Centenary bank. Head office Uganda and finally to determine how international trade competitiveness influences performance in Centenary bank head office Uganda. Data was collected through interviews and questionnaires tools. The study uses the mixed research methodology to lay out a correlation analysis that explains the association between the variables. Target population of the study is 65 and a sample size of 56. Data was cleaned, coded and analyzed by use of SPSS version 25 statistical software. The findings of the study indicated there is a significant relationship between economic stability and financial performance, there is a significant relationship between monetary policies and financial performance and lastly there is a significant relationship between international trade and financial performance in Centenary bank head office in Uganda. The study recommends that Centenary bank needs to dedicate adequate resources to enlighten their staff and the customers on economic stability, monetary policies and international trade regulations. The study suggested the area of further research should be carried out on how to train and educate more citizens on bank interest and profits and how they can benefit them.
Africa Nazarene University