Forex traders must have some sort of preliminary analysis on the value of a country's currency before they start with the technicals to find out a low or high point to buy or sell at. I'm looking for info to plug into a spreadhsheet that will give me the best value dispairity.
2006-12-27 08:02:13 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing
Where is a good place to find this info?
2006-12-27 08:38:10 · update #1
Since you explained why you need it the answer you are looking for is only with regards to the exchange rate. So Balance of Payment is one place you should look into. If there is a big deficit then the exchange rate is going to go down.
Let me be little candid. When I looked at the question I asked this myself about 17 years back when I landed from US a well run country. What I looked for first was the 'externalities' in economic terms each country lives with. Humbug, long queues, non tranaparency etc; are also externalities. I found a long list of them and naturally the country I got into has a very unfavorable exchange rate.
2006-12-28 04:24:47 · answer #1 · answered by Mathew C 5 · 0⤊ 0⤋
Well the value of a country is determined by its balance of payment i.e. difference between exports and imports and other revenues plus you have to take into account the gold reserves that are kept in the central bank to value or devalue currency.
2006-12-27 08:06:14 · answer #2 · answered by Anonymous · 1⤊ 0⤋