(2008) Testing the Monetary Approach to Exchange Rate Determination: The Case of Pakistan.
Qayyum (2011) Exchange Rate Determination in Pakistan: Role of Monetary Fundamentals.
The official exchange rate
of manat to Russian ruble set by CBA decreased by 0.0001 manats or 0.37 percent.
"Our exchange rate
regime should be seen as a part of a broader package of economic reforms.
'It was not an appropriate policy to keep a fixed exchange rate
for long, due to which our situation today has been created.' The SBP governor said neither a fixed exchange rate
- as had been in the past - nor a free float was appropriate for the economy.
He explained that the government favoured this regime because 'if you take demand and supply factors into account, and the exchange rate
takes on market value, that will be best for our exports.'
Since December 2017, when the rupee was allowed to depreciate after nearly four years of managed exchange rate
stability, the currency has gone down 43%.
The SBP reported that in interbank the exchange rate
of Euro and Japanese yen remain constant at Rs 157.55 and Rs1.26 respectively whereas the increase of 38 paisa was witnessed in exchange rate
of British pound which was traded at Rs 182.52 against Rs 182.14 of last day.
The relationship between the real exchange rate
volatility and export flows is relatively a recent area of research in the economic literature.
The updated official UAH/USD exchange rate
will be published 2 hours earlier every business day, before 4:00 p.m.
We are told that we do not need to be rocket scientists to realize our currency exchange rate
The empirical results indicate that no causality exists between domestic stock prices and exchange rates
of US dollar and Japanese Yen against Naira; while causality ensues from domestic stock prices to exchange rate
of Euro and British Pound Sterling against Naira.