Exchange rates and global volatility: implications for Asia-Pacific currencies

BIS Quarterly Review  |  March 2007  | 
14 March 2007
PDF full text
 |  12 pages

At times of heightened global equity and bond market volatility, high-yielding currencies tend to depreciate while low-yielding ones tend to serve as a "safe haven". The whole spectrum of sensitivity to global volatility is represented among Asia-Pacific currencies.

JEL classification: F3, G1.