Olga Vovchak, Roksolana Holub


There are many scientific papers devoted to the dynamics of exchange rates and theories that explain that dynamics, but there still remains the whole layer of information flow to be considered. The rejection of this fact significantly detracts understanding of the nature, causes and consequences of instability, which take place in the market of foreign currency assets. The approach to the analysis of exchange rate that is based on the assessment of national accounts identities for the open economy can be considered aggregate macro-level approach. This approach absorbs the majority of fundamental factors of exchange rates volatility (hereinafter - ER).


foreign currency; exchange rates; open economy; factors

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