Analysis of Exchange Rates as Time-Inhomogeneous Markov Chain with Finite States

Table 2

Descriptive statistics.

Variable		Minimum	Maximum	Mean	Std. deviation
USD	1593	1.58	4.60	3.1939	.99862
Pound	1593	2.43	6.83	4.6432	1.20413
Euro	1593	.28	6.31	3.8054	1.03433