African Floating Currencies and the EUR/USD fluctuation
Current paper analyzes the developments of extreme fluctuations of floating African currencies in the light of developments on Euro to US dollar market between 2000 and 2015. Sample countries trade destinations are well diversified nowadays, but the US and European trade relations are still significant. Currency fluctuations are evaluated by the developments in their foreign trade and monetary policy as well, but the existing political, real and financial links were not able to cause contagion under recession periods or at extreme trading days.