Are exchange rates really free from seasonality? An exploratory analysis on monthly time series

Roberto Cellini and Tiziana Cuccia

MPRA Paper from University Library of Munich, Germany

Abstract: This article questions the assumption that exchange rates are non-seasonal and provides selected evidence of monthly time series of exchange rates in which significant seasonal components are present. However, the seasonal component appears to be absent in more recent data. Tentative explanations are suggested.

Keywords: Seasonality; Exchange rates (search for similar items in EconPapers)
JEL-codes: C22 F31 (search for similar items in EconPapers)
Date: 2011-05-11
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:30888

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