When forecasting exchange rates, forecasters must predict the magnitude, timing, and direction of change in exchange rates.

Name: When forecasting exchange rates, forecasters must predict the magnitude, timing, and direction of change in exchange rates.
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Forecasting exchange rates involves predicting the amount of change (magnitude), when the change will occur (timing), and whether the exchange rate will go up or down (direction).

When Forecasting Exchange Rates, Forecasters Must Predict the Magnitude, Timing