Causality Directions

Results

Current account balance

→

Exchange rate

Yes, with unidirectional

Exchange rate

—

Current account balance

No causality

Inflation rate

­­ —

Exchange rate

No causality

Exchange rate

→

Inflation rate

Yes, with unidirectional

Interest rate

—

Exchange rate

No

Exchange rate

→

Interest rate

Yes, with unidirectional

GDP

→

Exchange rate

Yes, with unidirectional