Exchange rate series | ||||
Null Hypothesis: D(Exc.r) has a unit root | ||||
Exogenous: Constant, Linear Trend | ||||
Lag Length: 1 (Automatic—based on SIC, maxlag = 9) | ||||
|
|
| t-Statistic | Prob.* |
Augmented Dickey-Fuller test statistic | −4.110235 | 0.0465 | ||
Test critical values: | 1% level |
| −2.459876 |
|
| 5% level |
| −2.421688 |
|
| 10% level |
| −2.456897 |
|