BRIC - Exchange Rate Analysis

Exchange rate of a country depends on several factors. We examined 3 factors:

1. Inflation
2. Balance of Trade (Exports - Imports)
3. Interest Rates

and their effect on the exchange rate of BRIC (Brazil, Russia, India and China) using data available between 2005 - 2012.
Data Sources: 1) UN Operational Rates of Exchange: http://treasury.un.org/operationalrates/OperationalRates.aspx 2) World Bank Economic Indicators: http://data.worldbank.org/