Impact of the Main Currencies Exchange Rates on the Romanian Economic Policy Transformation

Abstract

Evolutions of the exchange rates in a contemporary competitive economy represent an influential marker in evaluating the effects of the governmental policies in field of monetary policy and marks future directions in developing the specific policies in the field. This study investigates how the exchange rates of EUR, USD, GBP and CHF were influenced by disturbing factors and the existence of potential quantitative correlations and dependencies among the four exchange rates in terms of uncertainty.

Keywords

• exchange rate
• quantitative correlation
• disruptive events
• currency
• uncertainty