DocumentCode
2854707
Title
Forecasting the exchange rate between ASEAN currencies and USD
Author
Wang, Tien-Chin ; Kuo, Su-Hui ; Chen, Hui-Chen
Author_Institution
Dept. of Int. Bus., Nat. Kaohsiung Univ. of Appl. Sci., Kaohsiung, Taiwan
fYear
2011
fDate
6-9 Dec. 2011
Firstpage
699
Lastpage
703
Abstract
As the US has growing financial ties in Southeast Asia, how to accurately predict the ASEAN currencies becomes more and more important. This study applied the GM (1,1) model [6,9,10,11] to predict the exchange rate between the SGD and USD, IDR and USD, THB and USD, MYR and USD and PHP and USD from Jan 2002 to Feb 2011.The results show that the average accuracy of the forecasting model exceeds 99.38%.
Keywords
exchange rates; forecasting theory; ASEAN currencies; GM (1,1) model; Southeast Asia; USD; exchange rate forecasting; exchange rate prediction; forecasting model; Data models; Differential equations; Equations; Exchange rates; Forecasting; Mathematical model; Predictive models; Foreign exchange rate; GM (1, 1); IDR; MYR; PHP; SGD; THB; USD; forecasting; grey theory;
fLanguage
English
Publisher
ieee
Conference_Titel
Industrial Engineering and Engineering Management (IEEM), 2011 IEEE International Conference on
Conference_Location
Singapore
ISSN
2157-3611
Print_ISBN
978-1-4577-0740-7
Electronic_ISBN
2157-3611
Type
conf
DOI
10.1109/IEEM.2011.6118007
Filename
6118007
Link To Document