The photo above shows the VaR calculation, and Correlation and standard deviation data between years $2000$ to $2024$ of the Euro, USD, Yen, Australian Dollar, and Malaysian Ringgit.

QUESTIONS:

Q$1$: Which currencies were more or less volatile during this time period, and why?

Q$2$: What happened to the volatilities of these $5$ currenies during the global financial crisis and why? What patterns can we observe in the data?