Is exchange rate trading profitable? Narayan, Paresh Kumar, Mishra, Sagarika, Narayan, Seema and Thuraisamy, Kannan 2015, Is exchange rate trading profitable?, Journal of international financial markets, institutions and money, vol. 38, pp. 217-229. Attached Files Name Description MIMEType Size Downloads Title Is exchange rate trading profitable? Author(s) Narayan, Paresh Kumar orcid.org/0000-0001-7934-8146 Mishra, Sagarika orcid.org/0000-0003-0590-225X Narayan, Seema Thuraisamy, Kannan orcid.org/0000-0001-5164-5456 Journal name Journal of international financial markets, institutions and money Volume number 38 Start page 217 End page 229 Total pages 13 Publisher Elsevier Place of publication Amsterdam, The Netherlands Publication date 2015-09 ISSN 1042-4431 Summary We Test whether exchange rate trading is profitable in the emerging markets of Brazil, China, India, And South Africa. Using Momentum trading strategies applied to high frequency data, we discover that: (a) momentum-based trading strategies lead to statistically significant profits from the currencies of all four emerging markets; (b) The South African Rand Is generally the most profitable, followed by the Brazilian Real And the Indian Rupee; (c) Profits are persistent during the day and are trading frequency dependent; and (d) During the period of the global financial crisis currency profits were maximised. Language eng Field of Research 150202 Financial Econometrics Socio Economic Objective 900102 Investment Services (excl. Superannuation) HERDC Research category C1 Refereed article in a scholarly journal ERA Research output type C Journal article Copyright notice ©2015, Elsevier Persistent URL http://hdl.handle.net/10536/DRO/DU:30078335 Document type: Journal Article Collections: Faculty of Business and Law School of Accounting, Economics and Finance Related Links Link Description Connect to published version Go to link with your DU access privileges     Link to Related Work Is exchange rate trading profitable? (deposited 22-02-2021) Is exchange rate trading profitable? Report (deposited 13-03-2018)   Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Tue, 15 Sep 2015, 13:53:08 EST Wed, 16 Sep 2015, 05:00:39 EST Wed, 23 Sep 2015, 09:02:13 EST Wed, 23 Sep 2015, 09:03:11 EST Fri, 25 Sep 2015, 14:43:03 EST Fri, 25 Sep 2015, 15:15:07 EST Wed, 14 Oct 2015, 14:33:51 EST Wed, 09 Nov 2016, 11:29:29 EST Mon, 27 Aug 2018, 15:15:00 EST Filtered Full Citation counts:   Cited 10 times in TR Web of Science Cited 10 times in Scopus Search Google Scholar Access Statistics: 530 Abstract Views, 2 File Downloads  -  Detailed Statistics Created: Tue, 15 Sep 2015, 13:53:08 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.