The study offers a theoretical and empirical analysis of the forex volatility amidst the Covid-19 pandemic and explain the repercussions of the same. We have undertaken a study of the underlying causes impacting the volatility to determine where the problem lies with the concept in essence. Having developed a foundation of cause and effect of volatility, we took up 61 pairs of forex currencies and analysed those using statistical tests and measures to recommend policy suggestions.

Keywords : Forex Market, Volatility, Standard deviation