Trading Asian Currencies
10 Pages Posted: 18 May 2012 Last revised: 29 Sep 2013
Date Written: March 1, 2005
Foreign exchange turnover in Asian currencies grew faster than the global total between 2001 and 2004. Renminbi trading rose particularly strongly. Evolving expectations about the Renminbi seem to be joining the dollar/yen spot rate in exerting an influence on Asian foreign exchange markets. Asian currencies with more flexible exchange rates appear to be trading with an effective exchange rate orientation.
JEL Classification: F31, F36
Suggested Citation: Suggested Citation