Research Article
Volatility Analysis of Exchange Rate with Correlated Errors: A Sliding Data Matrix Approach
Table 3
Descriptive statistics of exchange rates and growth rates by country.
| | Country | Mean | Median | Maximum | Minimum |
| | China | Exch. rate | 1.2345 | 1.2456 | 1.6128 | 0.9168 | | Growth rate | -0.0018 | 0.0000 | 3.8070 | -5.0716 | | S. Africa | Exch. rate | 7.1947 | 6.8780 | 8.2800 | 6.0402 | | Growth rate | -0.0036 | 0.0000 | 1.8161 | -2.0187 | | Canada | Exch. rate | 9.6675 | 8.2824 | 19.0400 | 5.6150 | | Growth rate | 0.0186 | 0.0000 | 8.4341 | -9.1567 | | Switzerland | Exch. rate | 1.1442 | 1.0270 | 1.8250 | 0.7296 | | Growth rate | -0.0108 | 0.0000 | 8.8907 | -13.0223 |
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Source: FRED, 2000-2020.
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