Journal Article

Why are exchange rates so difficult to predict?


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 .

Access Documents

File(s): File format is text/html https://fraser.stlouisfed.org/title/6362/item/607617
Description: Full Text

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Economic Letter

Publication Date: 2008

Volume: 3

Order Number: 6