This paper is published in Volume-6, Issue-2, 2020
Area
Statistical Analysis
Author
Divyanshi Agrawal
Org/Univ
NMIMS Anil Surendra Modi School of Commerce, Mumbai, Maharashtra, India
Keywords
Foreign Exchange Rate, Trendline, Moving Average
Citations
IEEE
Divyanshi Agrawal. Foreign Exchange Rate, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Divyanshi Agrawal (2020). Foreign Exchange Rate. International Journal of Advance Research, Ideas and Innovations in Technology, 6(2) www.IJARIIT.com.
MLA
Divyanshi Agrawal. "Foreign Exchange Rate." International Journal of Advance Research, Ideas and Innovations in Technology 6.2 (2020). www.IJARIIT.com.
Divyanshi Agrawal. Foreign Exchange Rate, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Divyanshi Agrawal (2020). Foreign Exchange Rate. International Journal of Advance Research, Ideas and Innovations in Technology, 6(2) www.IJARIIT.com.
MLA
Divyanshi Agrawal. "Foreign Exchange Rate." International Journal of Advance Research, Ideas and Innovations in Technology 6.2 (2020). www.IJARIIT.com.
Abstract
In this paper with the help of mathematical tools, I will analyze how the Foreign Exchange Rate of India and the USA have fared over the span of 3 years from March 2017 to February 2020. The tools will help to forecast the future value of the foreign exchange rate but the values forecasted do not consider any external factors and are based on the previous values. We will also use time series tools like moving averages to find the general trend of the rate.
