Purpose of the research are to ascertain the correlation between exchange rate movements, to ascertain relative change in value of currency over period of time, to suggest measures to cope up volatility of exchange rate movements and for effective management forex exchange rate today in dubai forex exchange market. The analysis of each data set of exchange rate in detail to have insight of their mean, median, mode, skewness, kurtosis.
An attempt has been made to drive out trend of movements and plot that in line diagram and correlation and other descriptive statistics have been calculated using SPSS software. Based on above analysis, some suggestion have been drawn for improving functioning of forex exchange market in India.
Описание: Since there is great volatility in exchange rate movements, risk is associated with every upside and downside of exchange rate and there is need for incorporation of effective and sound hedging mechanism so as to cope up with this risk and safeguard multinationals and big business houses against forex risk. Rupee movements in Canadian dollar, Japanese yen, US dollar and British Pound have correlation indicating that all companies having transactions globally can predict that upward movement in one currency affects the movement of another currency.
Based on above analysis, some suggestion have been drawn out so as to come out with some concrete parameters for improving functioning of forex exchange market in India.