If today's exchange rate reflects any historical trends in Canadian dollar exchange rate movements, but not all relevant public information, then the Canadian dollar market is:
A) weak-form efficient.
B) semistrong-form efficient.
C) strong-form efficient.
D) all of the above.

Question

Quizplus · Accepted Answer

If today's exchange rate reflects any historical trends in Canadian dollar exchange rate movements, it means that past prices and patterns have been incorporated into the current price, making the market weak-form efficient. However, since not all relevant public information has been considered, the market cannot be considered semistrong or strong-form efficient.

If Today's Exchange Rate Reflects Any Historical Trends in Canadian