A Survey on the Determination of Nominal Exchange Rate for USD vis-à-vis INR

2018 ◽  
Author(s):  
Punitkumar Pillin
Keyword(s):  
Exchange Rate ◽  
Nominal Exchange Rate

scholarly journals Do Expectations Play Any Role in Determining Pak Rupee Exchange Rates?

1997 ◽  
Vol 36 (3) ◽  
pp. 263-273
Author(s):  
Razzaque H. Bhatti
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Real Exchange Rate ◽  
Purchasing Power Parity ◽  
Foreign Currency ◽  
Nominal Exchange Rate ◽  
Power Parity ◽  
Relative Prices

This paper presents some evidence on the role of expectations in the determination of Pak rupee exchange rates vis-à-vis the dollar, pound, and yen over the period 1982:1– 1993:7. Results of cointegration and coefficient restriction tests in two out of three cases are supportive of the view of exchange rate determination in postulating that in efficient markets in which uncertainty and expectations about the future are dominant, the equilibrium nominal exchange rate is determined not only by current relative prices but also by the expected real exchange rate. These results are supportive of ex ante purchasing power parity, implying that the real exchange rate follows a random walk. These results also suggest that the anticipated inflation rate is higher in Pakistan than in other countries, which tends to encourage the domestic residents to convert their current balances into foreign currency, so that the terms of trade deteriorate and offset much of gains of the continuous devaluation of Pak rupee by undermining external competitiveness.

scholarly journals Role of Money in Smaller Pacific Island Countries

2012 ◽  
Vol 2012 ◽  
pp. 1-9
Author(s):  
T. K. Jayaraman ◽  
Chee-Keong Choong
Keyword(s):  
Exchange Rate ◽  
Solomon Islands ◽  
Output Growth ◽  
Nominal Exchange Rate ◽  
Pacific Island ◽  
Political Independence ◽  
Long Run ◽  
Short Run ◽  
Pacific Island Countries

Pacific island countries (PICs), which attained political independence, are open economies with very small manufacturing base and narrow range of exports of copra and tuna. They are highly dependent on imports ranging from food and mineral fuels to intermediate and capital goods and transport machinery. Four of the 14 PICs, namely Samoa, Solomon Islands, Tonga, and Vanuatu, have independent currencies with usual paraphernalia of central banks under fixed exchange rate regimes. Their financial sectors are small and with undeveloped money and capital markets. The nominal exchange rate as an anchor has served the four PICs well by keeping inflation low. The objective of the paper is to investigate whether money has played any significant part in output growth as well as determination of prices in PICs. The findings are that broad money (M2) and exchange rate have a long run as well as short-run casual relationship with both output and prices in all PICs.

scholarly journals Performance Evaluation of a Two-Parameters Monthly Rainfall-Runoff Model in the Southern Basin of Thailand

Water ◽  
2021 ◽  
Vol 13 (9) ◽  
pp. 1226
Author(s):  
Pakorn Ditthakit ◽  
Sirimon Pinthong ◽  
Nureehan Salaeh ◽  
Fadilah Binnui ◽  
Laksanara Khwanchum ◽  
...  
Keyword(s):  
Exchange Rate ◽  
Rainfall Runoff ◽  
Management Planning ◽  
Runoff Variation ◽  
Groundwater Exchange ◽  
Monthly Runoff ◽  
Rainfall Runoff Model ◽  
Two Parameters ◽  
Runoff Model

Accurate monthly runoff estimation is crucial in water resources management, planning, and development, preventing and reducing water-related problems, such as flooding and droughts. This article evaluates the monthly hydrological rainfall-runoff model’s performance, the GR2M model, in Thailand’s southern basins. The GR2M model requires only two parameters: production store (X1) and groundwater exchange rate (X2). Moreover, no prior research has been reported on its application in this region. The 37 runoff stations, which are located in three sub-watersheds of Thailand’s southern region, namely; Thale Sap Songkhla, Peninsular-East Coast, and Peninsular-West Coast, were selected as study cases. The available monthly hydrological data of runoff, rainfall, air temperature from the Royal Irrigation Department (RID) and the Thai Meteorological Department (TMD) were collected and analyzed. The Thornthwaite method was utilized for the determination of evapotranspiration. The model’s performance was conducted using three statistical indices: Nash–Sutcliffe Efficiency (NSE), Correlation Coefficient (r), and Overall Index (OI). The model’s calibration results for 37 runoff stations gave the average NSE, r, and OI of 0.657, 0.825, and 0.757, respectively. Moreover, the NSE, r, and OI values for the model’s verification were 0.472, 0.750, and 0.639, respectively. Hence, the GR2M model was qualified and reliable to apply for determining monthly runoff variation in this region. The spatial distribution of production store (X1) and groundwater exchange rate (X2) values was conducted using the IDW method. It was susceptible to the X1, and X2 values of approximately more than 0.90, gave the higher model’s performance.

العلاقة التبادلية بين سعر الصرف وأسعار الأسهم دراسة تطبيقية في سوق اسطنبول للأوراق المالية للمدة 2005-2020

2021 ◽  
Vol 1 (1) ◽  
Author(s):  
سعدالله ألنعيمي
Keyword(s):  
Exchange Rate ◽  
Stock Prices ◽  
Negative Impact ◽  
Reciprocal Relationship ◽  
Nominal Exchange Rate ◽  
Share Price ◽  
Theoretical Interpretation ◽  
Short Term ◽  
The Exchange Rate

The study aims to analyzing the reciprocal relationship between the nominal exchange rate of the Turkish lira versus the U.S. dollar and the stock prices of the companies listed on the Istanbul Stock Exchange (ISE) expressed in the general market index for the period from 2005 to 2020 with 192 monthly observations, based on the traditional theory and the theory of portfolio balance model in theoretical interpretation for that relationship, aiming to identify the effect of the exchange rate on stock prices, as well as to analyze the causal relationship between those variables and to identify which of them is the cause or which is the result, using the Autoregressive Distributed Lag (ARDL) model. The research found that the exchange rate has a positive effect on stock prices in the long term, despite the emergence of the negative impact in the short term, but the long-term relationship has corrected the course of the short-term relationship with a time period not exceeding one month, in addition to proving that this relationship takes one direction. From the exchange rate towards stock prices, that is, the exchange rate is the reason and stock prices are the result, therefore the results of this research helps investors to predict future trends of stock prices depending on the exchange rate changes, and it also enables the companies, especially those with foreign transactions, to manage price risks the exchange rate in order to avoid its negative impact on its share price, as it represents an obstacle to achieving its main goal of maximizing the share price

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