Currency exchange prediction

How Does the Foreign Currency Exchange Work?

For those unfamiliar with the term, FOREX (FOReign EXchange market), refers to an international exchange market where currencies are bought and sold. The Foreign Exchange Market that we see today began in the 1970’s, when free exchange rates and floating currencies were introduced. In such an environment only participants in the market determine the price of one currency against another, based upon supply and demand for that currency.

FOREX is a somewhat unique market for a number of reasons. Firstly, it is one of the few markets in which it can be said with very few qualifications that it is free of external controls and that it cannot be manipulated. It is also the largest liquid financial market, with trade reaching between 1 and 1.5 trillion US dollars a day. With this much money moving this fast, it is clear why a single investor would find it near impossible to significantly affect the price of a major currency. Furthermore, the liquidity of the market means that unlike some rarely traded stock, traders are able to open and close positions within a few seconds as there are always willing buyers and sellers.

Another somewhat unique characteristic of the FOREX money market is the variance of its participants. Investors find a number of reasons for entering the market, some as longer term hedge investors, while others utilize massive credit lines to seek large short term gains. Interestingly, unlike blue-chip stocks, which are usually most attractive only to the long term investor, the combination of rather constant but small daily fluctuations in currency prices, create an environment which attracts investors with a broad range of strategies.

Source: FAP WINNER Review & Bonus

Patterns in exchange rate forecasts for twenty-five currencies.: An article from: Journal of Money, Credit & Banking
Book (Ohio State University Press)

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Euro conversion in Excel?

2005-06-23 05:36:56 by -

Running XP, using Excel 2003 (?)
Doing some price comparisons and need to convert Euros into US Dollars. Found the Euro Conversion function in Excel but it doesn't seem to include USD. Odd. Is there another plug-in I need? I'll poke around more in Help but haven't found anything yet.
Will also need to convert Yen later.
Yeah, I know I can look up the conversion elsewhere and do the conversion that way, but want to use the conversion tool if possible.

It swings...

2003-12-30 21:03:26 by already_crushed

Yes, it may be a pendulum. Yes, the shift in the dollar may make labor in this country more viable, but there is one problem. Currencies like the Chinese Yuan and some Latin American currentcies are pegged to the dollar which means that the goods will cost the same in nominal dollars.
There is also the problem of inertia. A hot economy can slow down a lot faster than a slow or stagnant economy can pick up steam. There is also a sociological factor to take into consideration when an economy falters. There will be panic and an effect to society which will have consequences for a recovery or future sustainability. If the pendulum swings to far then it may break the glass as it were.
The US has been an engine for the world economy, yes. The US imports a lot, yes. The issue,...

Brick Court Chambers | 26/04/2012 - Court of Appeal rules on currency …  — Linex Legal
The issue between Hess and Stena arose under a 5 year Mobile Offshore Drilling Unit contract and concerned the currency conversion rate to be used when converting sterling into dollars. Hess argued that the current FT rate should be used.

HTC's April Sales Fall 19.9%  — Twice

... HTC sales plunged because of iPhone competition, lower than expected sales of 4G LTE phones, and LTE handset designs and battery lives that needed improvement, the company previously said. The currency conversion rate was based on $1=NT$29.34.

Wipro Records 19% YoY Revenue Growth in the quarter  — MarketWatch

... and IT Services Revenue on a constant currency basis, which is a non-GAAP measure that is calculated by translating IT Services Revenue from the current reporting period into US dollars based on the currency conversion rate in effect for the prior …

Elliott Wave Currencies Forecast May 2010
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02-03-11 Leeb s Market Forecast
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Elsevier Empirical exchange rate models and currency risk: some evidence from density forecasts [An article from: Journal of International Money and Finance]
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Irwin Professional Publishing Currency Forecasting: A Guide to Fundamental and Technical Models of Exchange Rate Determination
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