Abstract: The purpose of this study is to analyze the efficiency of foreign exchange market using Random Walk Models. For the efficient market hypothesis, daily rates of USDCHF currency pairs for 5 years period from 01/01/2009 to 31/12/2013 are taken. It is found that the foreign exchange market is not weak form efficient in respect of this currency pair, and traders of foreign exchange in respect of these current pair is able to predict their future values based on their values in the recent past.
Title: AN EXPERIMENTAL STUDY ON CURRENCY MARKET EFFICIENCY: USDCHF CURRENCY PAIR
Author: Dr.P.Krishnaveni, Dr.S.Varadaraj
International Journal of Social Science and Humanities Research
ISSN 2348-3164 (online), ISSN 2348-3156 (Print)
Research Publish Journals
