EconPapers    
Economics at your fingertips  
 

Why are exchange rates so difficult to predict?

Jian Wang ()

Economic Letter, 2008, vol. 3, issue jun, No 6

Abstract: A quarter-century quest hasn't found the elusive links between economic fundamentals and currency values. ; The U.S. dollar has been losing value against several major currencies this decade. Since 2001-02, the U.S. currency has fallen about 50 percent against the euro, 40 percent against the Canadian dollar and 30 percent against the British pound .

Keywords: Foreign exchange rates; Forecasting; Dollar, American (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link)
http://dallasfed.org/assets/documents/research/eclett/2008/el0806.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:feddel:y:2008:i:jun:n:v.3no.6

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic Letter from Federal Reserve Bank of Dallas Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2020-10-20
Handle: RePEc:fip:feddel:y:2008:i:jun:n:v.3no.6