• ISSN: 2010-023X
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing: Engineering & Technology Digital Library, ProQuest, Crossref, Electronic Journals Library, DOAJ , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2010 Vol.1(3): 238-241 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2010.V1.43

Movement of the United States Dollars against selected major world currencies

Dr. Mrs Stella Madueme
Abstract—This paper ties to study the trends in major world currencies from 2000 to year 2008. It also shows the movement of the currencies against the United States Dollars. The focus of the investigation also showed which currencies affected movements in the value of the American dollar for the selected years. Time series data was collected though archival sources and data was analysed using regression analysis and Augmented Dickey Fuller test. Results revealed that total variations in the fluctuations in the American dollar was largely caused by some other variables outside the currencies studied. This is based on the purview that data revealed that the movements in the currencies studied could only explain fourty eight percent of total variations in fluctuations in the American dollar. It was also discovered that movements in the British pound had higher impact on fluctuations in the American dollar followed by the Euro and Canadian dollars while the currency with the least impact on the American dollar is the Japanese Yen.

Index Terms—Currencies, dollars, movements, trends.

Department of Economics, University of Nigeria, Nsukka, Enugu State, Nigeria.

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Cite:Dr. Mrs Stella Madueme, "Movement of the United States Dollars against selected major world currencies," International Journal of Trade, Economics and Finance vol.1, no.3, pp. 238-241, 2010.

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