In this work we extend a well-known model from arrested physical systems, and employ it in order to efficiently depict different currency pairs of foreign exchange market price fluctuation distributions. We consider the exchange rate price in the time range between 2010 and 2016 at yearly time intervals and resolved at one minute frequency. We then fit the experimental datasets with this model,...

This article examines the impact of COVID-19 pandemic on accuracy forecasts for three currency pairs before and after its outbreak based neural networks (ELM, MLP LSTM) in terms factors: forecast horizon, hyper parameterisation network type.

Recent research has revealed a wealth of information about the microeconomics of currency markets and thus the determination of exchange rates at short horizons. This information should help in designing exchange-rate models. This paper analyzes an existing model that was previously demonstrated to be consistent with most of the major puzzles that have emerged under floating rates. It shows tha...

Timeliness is one of the major dimensions in the field of data quality. Freshness or obsoleteness of data is determined by timeliness data quality dimension. Generally, timeliness is calculated by currency and volatility. Currency is calculated by age, delivery time and input time. On the other side, volatility of data is the duration of the validity of data. Currency and volatility of IMS depe...

The 20thcentury has produced a rich array ofmonetary experience. The experience can be organized in several different ways. One emphasizes the role ofgold in international monetary arrangements. Early in the century, domestic monies of major trading countries were convertible into gold at a pre-established fixed price, and gold coins circulated. Currently, governments do not set the price of go...

Liberalization of foreign exchange regime and instability of national currency are among the major factors that shaped the level and strength of currency substitution in Ukraine. In this paper, a problem of currency substitution is addressed from the point of view of households. It is argued that the most conventional measure of currency substitution, namely the ratio of foreigncurrency denomin...

 The foreign exchange market (FX market) accounts for 40% of the total volume of the world’s e-commerce by its own. Based on statistics, sometimes up to 90 per cent of the traders lose their total capital in this market just within six months to one year and leave this market. The probability of loss in the FX market can be estimated by probability theory. The present paper intends to demonst...

An important feature of the international nancial system is that it overwhelmingly uses a major currency, such as the US dollar, as a vehicle in the exchange between other currencies. In this paper we construct an equilibrium model to study this feature. The model economy has a nite number of countries, and each country's goods are sold only for the country's own currency. Households obtain for...