Asian currency vs euro currency

ASIAN CURRENCY VS. EUROPEAN CURRENCY : EXCHANGE RATE AND
INTEGRATION MONETARY

EPPM 4433: International Finance
Semester 1
Session 2014/2015
Name

ID

email

NUR SYAZANA BINTI NORDIN

A139735

[e-mail]

MUHAMMAD ARIF HAFIZI B. SHAMSUDDIN

A139742

[e-mail]

NOR FADHILAH BINTI NORIZAN

A139997

[e-mail]

MOHD HAIL GAFUR B. RUHMAD

A140113

[e-mail]

Instructor :
Dr. Noor Azryani Auzairy
School of Management
Faculty of Economics & Management

1.0 OBJECTIVES
1. To investigate the Asian currency and Europe currency in the business life.
2. To determine the important of the Asian currency and Europe currency in and how this currency react each other
3. To investigate differences between Asian currency and Europe currency of their use. 2

2.0 LITERATURE REVIEW
No

Author
(year)

Objectives

Methodology

1.

Noer Azam
Achsani,
Arie
Jayanthy F
A Fauzi &
Piter
Abdullah
(2010)

To compare the response or sensitivity of inflation to the changes in real exchange rates in Asia
(ASEAN +3) and compare the result with those of the EU and North
America.

Concerning on the two important relationships between inflation and real exchange rate in
Asia (ASEAN +3) and
Non-Asia (EU and
North America). First, there is a strong relationship between inflation and real exchange rates in Asian countries, but there is no such relation in the
EU and North America.
Second,
the Asian financial crisis seems to have local impact in
Asian countries, but it has no significant global impact in the EU and North America.

2.

Christian
Bauer &
Bernhard
Herz (2004)

Present a microstructure model of the foreign exchange market based on technical trading that allows us to categorize the factor exchange rate regimes and to derive a market based measure of the credibility of these exchange rate regimes.

Indicate that the fundamental volatility of the market based exchange rates is quite moderate and that markets assign a moderate degree of

References: Kinnon, R. M. & Schnabl, G. 2003. Park, Y. C. & Wyplosz, C. 2008.