Trading Asian Currencies

Settlements, Bank for International; Ho, Corrinne; Ma, Guonan; McCauley, Robert N.

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Trading Asian Currencies

BIS Quarterly Review, March 2005

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

See all articles by Bank for International Settlements

Bank for International Settlements

Bank for International Settlements (BIS)

Robert N. McCauley

University of Oxford - Oxford Centre for Global History; Boston University, Global Development Policy Center

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: Suggested Citation

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