Distribution of currency, AUD, USD, exchange rate, commodity currency, volatility of the currency, Bitcoin, international finance
The distribution above conforms to the features of a normal distribution in terms of skewness, kurtosis, and tails. The mean-mode-median of the distribution is at the center. The mean is the arithmetic average of all the scores recorded, mode refers to the fact that the mean appears near the most scores, and the median is the middle score of the distribution when they are arranged in ascending order. There are instances when the frequency assumes the shape of a bell resulting in the bilateral symmetry where the balances on the negative are balanced with those on the positive, the opposite areas are the same, and half of the scores appear above and below the mean (Cousins and Zlicar, 2016, pp. 224-238).
[...] The volatility characteristics and return distribution of the currency pairing depict the same results as those of Bitcoins. Bitcoins possess the characteristics of modern currencies in the sense that they give users increased purchasing power and can be used to undertake investment decisions. They exist in the digital form hence facilitating wider use of instruments that can be traded using online platforms. A unique characteristic of Bitcoins is the propensity with which they can be decentralized since they are not controlled by the government (Briere, Oosterlinck, and Szafarz pp. [...]
[...] Evaluating a Simple String Representation for Intra-day Foreign Exchange Prediction. New Frontiers in Mining Complex Patterns, pp. 224-238. doi: 10.1007 /978-3- 319-39315-5_15 Groen, J. J., and Pesenti, P. A. (2010). Commodity Prices, Commodity Currencies, and Global Economic Developments. Commodity Prices and Markets, 12(28), pp. 15-42. doi: 10.7208 /chicago/ Hui, C. H., Genberg, H., and Chung, T. K. (2012). [...]
[...] Liquidity, Risk Appetite and Exchange Rate Movements during the Financial Crisis of 2007-2009. SSRN Electronic Journal, pp. 7-9. doi: 10.2139 /ssrn.1427115 Nebesnijs, A. (2012). Price Discovery in the Foreign Exchange Market: The Analysis of Highs and Lows. SSRN Electronic Journal, 56(88), pp. 25- 34. doi: 10.2139 /ssrn.2353534 Simpson, J., and Evans, J. (2004). Commodity exporting countries and exchange rates: Australian evidence. Derivatives Use, Trading & Regulation, pp. 70-84. Yellowitz, A., and Wilson, M. [...]
[...] This behavior can be described as a textbook in terms of channels and ranges. This behavior continued for a greater part of the trading period (Hui, Genberg, and Chung pp. 2007-2009). What is your assessment of the likely directional movement of AUD/USD over the next week based on a valid statistical method (moving averages, trend analysis et al). Does this coincide with your intuition? For a very long time, the AUD peaked at 1.10 compared to the USD; however, it has drastically depreciated which is consequently matched with the rapid decline in the countries exports such as minerals. [...]
[...] International finance distribution of currency of AUD and USD Draw a diagrammatic representation of continuously compounded returns of the AUD/USD pairing distribution of the returns graphically). What are the distributional features that you observe? Figure AUD/ USD Continuous Returns The genesis current uptrend is represented by the last candle on the left of this diagram. It is observable that the uptrend was composed of instances when the price was exhibiting higher highs and lower highs. In this trending, the pair was breaking itself through the resistance level that was very significant. [...]
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