Year: 2023
Type: article
Abstract: Theforeign exchange market Forex , FX , or currency market ) is by far t he largest m arket in the world. Itaverages $4 trillion in foreign exchange swaps per day, leading to the highest liquidity and profit marginsworldwide. To forecast exchange rates is a recurrent theme in specialized literature, because it is of the utmosti m portance to international economic activities. However, it is difficult due to the high volatility in exchangerates, and complexity of data generating processes which govern their underlying dynamic behavior. Over thelast few years, a wide variety of me t hods for forecasting exchange rates has been developed. Decision makersface the challenge of forecasting them as accurately as possible, so they can reach ideal financial situations.This paper is aimed at suggesting a way of reliably forecasting euro to dollar ex change rate in the long term.
Source: Cofin Habana
Institution: University of Havana
Language: Spanish
Field: Decision Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W7219990104