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Trading Asian Currencies

10 Pages Posted: 18 May 2012 Last revised: 29 Sep 2013

Bank for International Settlements

Bank for International Settlements (BIS)

Corrinne Ho

Bank for International Settlements

Guonan Ma

Bruegel

Robert N. McCauley

Bank for International Settlements (BIS)

Date Written: March 1, 2005

Abstract

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

Settlements, Bank for International and Ho, Corrinne and Ma, Guonan and McCauley, Robert N., Trading Asian Currencies (March 1, 2005). BIS Quarterly Review, March 2005. Available at SSRN: https://ssrn.com/abstract=1884916

Bank for International Settlements (Contact Author)

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4051
Switzerland

Corrinne Ho

Bank for International Settlements ( email )

Centralbahnplatz 2
CH-4002 Basel, Basel-Stadt
Switzerland
00 41 61 280 9100 (Fax)

Guonan Ma

Bruegel ( email )

Rue de la Charité 33
B-1210 Brussels Belgium
Belgium

Robert McCauley

Bank for International Settlements (BIS) ( email )

CH-4002 Basel, Basel-Stadt
Switzerland

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