Relative Strength Analysis of BRIC Currencies

Prabandhan, Forthcoming

25 Pages Posted: 18 May 2011

See all articles by Sanjeet Singh

Sanjeet Singh

UCRD, Chandigarh University; Chandigarh University

Gagan Deep Sharma

Guru Gobind Singh Indraprastha (GGSIP) University

Mandeep Mahendru

Gian Jyoti Institute of Management & Technology

Date Written: May 17, 2011

Abstract

BRIC or BRICs is an acronym that refers to the fast growing developing economies of Brazil, Russia, India, and China. The acronym was first coined and prominently used by the bank holding company Goldman Sachs in 2001. Goldman Sachs argued that, since they are developing rapidly, by 2050 the combined economies of the BRICs could eclipse the combined economies of the current richest countries of the world. Goldman Sachs argues that the economic potential of Brazil, Russia, India, and China is such that they may become among the four most dominant economies by the year 2050. In this research, we study the strength of the BRIC currencies. The analysis compares the currency movements of BRIC nations. The exchange rates have been collected from the central banks of the respective nations for the past one year beginning from March 2008 to February 2009. The data used for the research is the secondary data taken from the Reports about BRIC economies, Magazines and from the government sites of the countries. We used the statistical tools: mean, median mode, range and RSI to analyze the data.

Keywords: BRIC, Strength, Currency Movement, Mean, Median, Mode, Range, RSI

Suggested Citation

Singh, Sanjeet and Sharma, Gagan Deep and Mahendru, Mandeep, Relative Strength Analysis of BRIC Currencies (May 17, 2011). Prabandhan, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1844505

Sanjeet Singh (Contact Author)

UCRD, Chandigarh University ( email )

National Highway 95
Punjab
Mohali, IN Punjab 140413
India

Chandigarh University ( email )

Gharuan
Mohali
Mohali, Punjab 140413
India

Gagan Deep Sharma

Guru Gobind Singh Indraprastha (GGSIP) University ( email )

Sector 16 C,
Dwarka
Delhi, Delhi 110078
India

Mandeep Mahendru

Gian Jyoti Institute of Management & Technology ( email )

Phase - II
Mohali, Punjab
India

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