2019
DOI: 10.36713/epra2995
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Determinants of Exchange Rate: A Review Based Study

Abstract: Purpose: The study aims to find out the suitable model for exchange rate determination and economic variables which affect movement of exchange rates by reviewing available studies. Design/ methodology/ approach: The study is descriptive and is entirely based on secondary data. Findings: There is no one perfect model which can determine exchange rate movements. Inflation, interest rates, money supply, current account balance, oil prices are among the macroeconomic variables and currency order flow is microecon… Show more

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Cited by 1 publication
(2 citation statements)
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“…Diverse determinants models have been affirmed as facilitators to forecast exchange rates by several studies (Meese & Singleton, 1982;Wang et al, 2019;Nandrajog, 2019;Harun & Zeynep, 2020;Chen et al, 2021). As confirmed by Nandrajog (2019), the models for forecasting exchange rates are different from a country to another because of the uniqueness of every country in terms of the market environment and macro conditions affect the reliability and the accuracy of the model.…”
Section: Exchange Rate Forecasting and Its Risk Hedgingmentioning
confidence: 97%
See 1 more Smart Citation
“…Diverse determinants models have been affirmed as facilitators to forecast exchange rates by several studies (Meese & Singleton, 1982;Wang et al, 2019;Nandrajog, 2019;Harun & Zeynep, 2020;Chen et al, 2021). As confirmed by Nandrajog (2019), the models for forecasting exchange rates are different from a country to another because of the uniqueness of every country in terms of the market environment and macro conditions affect the reliability and the accuracy of the model.…”
Section: Exchange Rate Forecasting and Its Risk Hedgingmentioning
confidence: 97%
“…As a literature summary, Nandrajog (2019) has presented descriptive research in which he tried to recapitulate the previous literature and get out of it a conclusion. In the case of monetary models, the exchange rate is indirectly affected by the factors that influence the demand for and supply of a currency.…”
Section: Exchange Rate Determinantsmentioning
confidence: 99%