Analysing and Forecasting the Taiwanese Exchange Rate Against the Us Dollar (1988-91) - Financial and Economic Forecasting (Chapter 16)

15 Pages Posted: 13 Jan 2003

See all articles by Jack H.W. Penm

Jack H.W. Penm

Australian National University - School of Finance and Applied Statistics, Faculty of Economics and Commerce

Jammie H. Penm

Independent

R. Deane Terrell

Australian National University (ANU) - National Graduate School of Management

Date Written: October 2002

Abstract

In this chapter, economic forecasting techniques were used to forecast the exchange rate of the New Taiwan (N.T.) dollar, given that there is a tolerable amount of favourable trade balance between Taiwan and the US. To test this monthly data for the economic variables; Taiwanese exchange rate against the US dollar, money supply, and trade balance (exports to US minus imports from US) was examined. The results were suggestive that the balance of trade would remain less than 1 billion per month, thus ensuring that the US authorities will not exert any pressures on the Taiwanese authorities for policy changes.

Keywords: Analysing, Forecasting the Taiwanese Exchange Rate

JEL Classification: C22, C53, E31

Suggested Citation

Penm, Jack and Penm, Jammie H. and Terrell, R. Deane, Analysing and Forecasting the Taiwanese Exchange Rate Against the Us Dollar (1988-91) - Financial and Economic Forecasting (Chapter 16) (October 2002). Available at SSRN: https://ssrn.com/abstract=359960 or http://dx.doi.org/10.2139/ssrn.359960

Jack Penm (Contact Author)

Australian National University - School of Finance and Applied Statistics, Faculty of Economics and Commerce ( email )

Canberra, Australian Capital Territory 0200
Australia
+61 (02) 61250535 (Phone)
+61 (02) 61250087 (Fax)

Jammie H. Penm

Independent ( email )

61 (02) 62880126 (Phone)
61 (02) 61250087 (Fax)

R. Deane Terrell

Australian National University (ANU) - National Graduate School of Management ( email )

Sir Roland Wilson Building (120)
Canberra, Australian Capital Territory 0200
Australia

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