English, Article, Journal or magazine article edition: Study of the dollar-euro exchange rate Ariño, Miguel A.; Canela, Miguel A.

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/170880
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Study of the dollar-euro exchange rate
Author
  • Ariño, Miguel A.
  • Canela, Miguel A.
Physical Description
  • preprint
Notes
  • In this paper we broadly describe the changes in the dollar-euro exchange rate from the time the euro came into effect at the beginning of 1999 until the end of 2005, using daily data. We show how movements in this exchange rate can be presented in different ways, depending on the time scale we use. First, if we focus on periods of more than six months, the changes in the dollar-euro rate can be described using a succession of linear trends. Superimposed on this trend line are cycles lasting from one to three months. Lastly, on a daily scale, the exchange rate behavior is virtually unpredictable, very close to what econometricians call white noise. These patterns are not exclusive to the dollar-euro rate, but are shared by the dollar exchange rates of most free-floating currencies. Taking the exchange value of the dollar against a basket of currencies used by the Federal Reserve, we show that the patterns we observe may be attributed to changes in the "intrinsic" value of the dollar.
  • Exchange rate; volatility; trade weighted exchange index; random walk;
  • RePEc:ebg:iesewp:d-0620
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment