Interest rates play a critical role in shaping the values of different currencies. Central banks worldwide utilize interest rates as a monetary policy tool to manage their economies, making it ...

We offer a unifying empirical model of covered and uncovered currency premia, interest rates and spot and forward exchange rates, both in the cross section and time series of currencies. We find that ...

Standard Bank Group said currency devaluations, together with the recent strength of the South African rand, diluted its performance in local currency but backed its full-year guidance. The South ...