In this paper, we have compared forecasting performance of three economic and two autoregressive models of exchange rate in five Asian economies; namely Pakistan, India, Indonesia, Korea and Sri Lanka. Models include purchasing power parity (PPP), interest rate parity (IRP), adhoc model, random...

In this paper we provide evidence of exchange rate predictability for a selected emerging market economy (EME) at intermediate horizons, arguably, the most relevant for policy purposes. This is important because the existing literature on exchange rate predictability has mainly focused on...