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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 1 Probability of monthly percent change in exchange rates and foreign exchange reserves

From: Identifying Algeria’s de facto exchange rate regime: a wavelet-based approach

Periods

Probability that the monthly percent change in the nominal exchange rate falls within:

Probability that the monthly percent change in foreign exchange reserves falls within:

Correlation between changes in the exchange rate and changes in reserves

 

 ± 1% band

 ± 2.5% band

 ± 1% band

 ± 2.5% band

 

2000.01–2019.11

68.84

92.43

29.41

63.86

−0.097**

2000.01–2013.12

65.26

92.81

28.14

58.08

−0.065*

2014.01–2019.11

74.64

91.54

11.26

77.46

−0.29**

  1. *denotes significant at 10% and ** denotes significant at 5% level. Source: based on International Financial Statistics Data