Long-and Short Speculative Practice in the Taiwan Foreign Exchange Market — Taking the Taiwanese Dollar as the Basis

• Main Authors: HSU, CHI-HAO, 徐啟豪
• Other Authors: YU, YI-JANG
• Format: Others
• Language: zh-TW
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/93481986042267162877

碩士 === 銘傳大學 === 經濟與金融學系碩士班 === 105 === The foreign exchange market is highly risky. Its risk can be generated from a variety of factors including interest rate, economic growth and others. How to benefit based on the volatility of foreign exchange has long attracted many scholars to conduct related research. The main differences between this study and others are two. The first is the application of a new and effective tool to significantly reflect the momentum of interested foreign exchanges. That is, the WINDEX introduced in Cheng (2002). The second is to choose two significantly and negatively correlated foreign exchanges for speculation in the market. The aim of this study is therefore to demonstrate how to design and simulate this kind of speculative practice in the market. Premises required include, first, selected foreign exchanges must not be too volatile; second, both interested foreign exchanges bust be significantly and negatively correlated in movements.