The theory of forecasting exchange rate has been in existence for many centuries where different models yield different forecasting results either in the sample or out of sample (Onasanya & Adeniji, 2013). A country's exchange rate is one of the most closely monitored indicators, as fluctuations in exchange rates can have far reaching economic consequences (Ribeiro, 2016). The recent financial turmoil all over the world demonstrates the urgency of perfect information of the exchange rates (Sh...
Abstract The theory of forecasting exchange rate has been in existence for many centuries where different models yield different forecasting results either in the sample or out of sample (Onasanya & Adeniji, 2013). A country's exchange rate is one of the most closely monitored indicators, as fluctuations in exchange rates can have far reaching economic consequences (Ribeiro, 2016). The recent financial turmoil all over the world demonstrates the urgency of perfect information of the exchang...
