Munich Personal RePEc Archive

Changes in the monthly effects from the Romanian foreign exchange market

Dumitriu, Ramona and Nistor, Costel and Stefanescu, Razvan (2009): Changes in the monthly effects from the Romanian foreign exchange market. Published in: Proceedings of the Challenges for Analysis of the Economy, the Businesses, and Social Progress International Scientific Conference, Szeged, November 19-21, 2009 (14. July 2010): pp. 545-562.

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Abstract

This paper investigates the systematic patterns displayed by the Romanian Foreign Exchange Market in some months of the year. In our analysis we employ monthly values of the Romanian national currency rates against the United States dollar and the euro. We find that since the Foreign Exchange Market settlement in Romania until present significant changes occurred in the monthly effects. We associate these changes to the new tend in the Romanian foreign trade and to the new monetary strategy of the central bank.

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