1AnIntroductiontoExchangeRateDeterminationWONGKaFu10thJanuary2000AndArbitrage2HowwouldyouexplainthemovementofJapaneseYen?(source:)3HowwouldyouexplainthemovementofJapaneseYen?(source:)4HowwouldyouexplainthemovementofEuropeanEuros?(source:)5HowwouldyouexplainthemovementofEuropeanEuros?(source:)6Howdoweexplainthemovementofforeignexchange?ArbitragePurchasingPowerParityHongKong’sCurrencyBoard...