Van Heerden, Petrus Marthinus Stephanus - 2010
. Thisphenomenon is known as the exchange rate puzzle.This study contributes to the dynamics of modelling exchange rate theories by … unique exchange ratemodel, which proves that the exchange rate puzzle is a pseudo problem. The pseudo problemis based on the … developing anexchange rate model that has the ability to explain the realized future spot exchange rate andthe exchange rate …