Construct a list of a country's economic statistics you would assemble to help determine the probability of a devaluation of its currency within the coming year

What will be an ideal response?

Based on theoretical and empirical work, the following economic variables should prove useful predictors: PPP-based measures of currency overvaluation, current account balances and monetary growth rates. In addition, if liquid financial markets exist, information about forward rates or interest rates, currency option prices, and so on may prove useful in terms of forecasting devaluations.