Select three currencies and compare how they traded for each other in the foreign exchange market in the past 3 years.(Uganda shillings, US dollar & British pound) Critically discuss the conclusions that can be drawn from about the relative movements of these three currencies.
Length: in an approximately 500-word response (+/- 10%), address the aforementioned questions in the discussion board.
Your response should reflect scholarly writing and Harvard Referencing standard. Be sure to adhere to the Academic Integrity Policy by avoiding plagiarism through text-citing and acknowledging other authors’ work. Both your content post and your response post should reflect a collegiate attitude according to the rules of Netiquette.
James, J., Marsh, I.W. & Sarno, L. (2012) Handbook of exchange rates. Wiley, U.S., New Jersey, U.S. Ch. 2. & Ch. 5.
https://www.proquest.com/docview/2131961548/95DA59FA901B4DBEPQ/1?accountid=188730
Further Reading
Agarwal, O.P. (2009) International Financial Management. Himalaya Publishing House, India, Mumbai. Ch. 6 & 8
https://www.proquest.com/docview/2130939098/54327DBFC2FE4633PQ/5?accountid=188730
Catão, L. A. V. (2007) Why real exchange rates? Finance & Development. 44(3). Available at: https://www.imf.org/external/pubs/ft/fandd/2007/09/basics.htm [Accessed: 12/04/2021].
Davidson, P. (2003) Are fixed exchange rates the problem and flexible exchange rates the cure? Eastern Economic Journal, 29(2), pp. 259-268.
https://www.proquest.com/docview/198158918/F0EEB347C97B4876PQ/1?accountid=188730
Muller-Plantenberg, N.A. (2010) Balance of payments accounting and exchange rate dynamics. International Review of Economics and Finance, 19, pp. 46-63. Available at: https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=balance+of+payments+accounting+and+exchange+rate+dynamics&btnG= [Accessed: 18/04/2021]
Please note that all essential reading and the majority of further reading is available through ProQuest.
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