Abstract
In the article is analyzed the main trends in the development of the currency market of Ukraine. Investigated problematic aspects of its functioning in comparison with world currency market. At the present stage of development of the global foreign exchange market is characterized by a close link between the currency markets, as reflected in the distribution trends in functioning of the one currency market to other. Because the currency market is an integral part of the global currency market, it is important to study and compare his condition with the world currency market. To study the dynamics of the functioning of foreign exchange markets was chosen currency pair: EUR/USD, GBP/USD, JPY/USD, RUB/USD UAH/USD. The research of the Ukrainian and world currency markets will be implemented using indicators such as the volatility and the Shannon entropy. The results of research show that using such indicators as the volatility and the Shannon entropy are very important for analysis the dynamics of the currency market. During the crisis of 2008, the volatility has reached the highest level for Ukrainian and world currency markets. Shannon’s entropy is sensitive to critical changes in the financial system and for example in period of crisis is decreasing and during the recession is growing. It was experimentally proved the effectiveness of the proposed methods for monitoring unfavorable events in the system. It is shown that the Shannon entropy is useful apply as an adequate indicator- harbinger of the crisis.
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