Answered By: Barbara Coffey Last Updated: Sep 19, 2019 Views: 3984
Black market exchange rates are exchange rates that differ from the officially given exchange rate set by a government. These black market rates often occur when the official rate bears little resemblance to the actual market conditions.
- Global Financial Data
- Time series of black market exchange rates for about 50 countries. Largely historic but some are fairly up to date including for North Korea and Venezuela.
- Click the "GFD Search Engines" button.
- In the left-side column, under "Series Type," choose "Exchange Rates - Black Market" from the drop-down menu.
- Datastream – for Iran and Venezuela
- Exchange Rates (Official and Parallel) - Carmen M. Reinhart - Harvard University.data through 2016
- Gramacy, R., Malone, S. W., & Horst, E. T. (2014). Exchange rate fundamentals, forecasting, and speculation: Bayesian models in black markets. Journal of Applied Econometrics, 29(1), 22-41. This research uses a dataset on black market rates, including determinants, and contains the official rate for constructing the black market premium. Coverage varies by nation, and appears to range from 1963 to 2009.
- For Iran, see the Central Bank of Iran's Time Series Database. – for annual data. Choose the category External Sector - then "Value of Financial Assets (Exchange Rate & Coin Price"- then exchange rates- under both US Dollar and Euro, you will find "Non-official Rate". From 1978-2018.
- For Egypt, the Daily News features regular stories on the black market
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