The Impact of Economic Factors on the Foreign Exchange Rates between USA and Four Big Emerging Countries: China, India, Brazil and Mexico

My, Nguyen Quang; Sayim, Mustafa

doi:10.5296/ifb.v3i1.9108

Cited by 4 publications

(4 citation statements)

References 40 publications

(41 reference statements)

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“…It is consistent with Mirchandani, A. (2013), Ramasamy, R., & Abar, S. K. (2015) and My, N. Q., & Sayim, M. (2016). However, it contradicts the findings by Majeed, M. (2018).…”

Section: Research Objective 1: To Examine the Relationship Between Gross Domestic Product And The Foreign Exchange Rate In Malaysiasupporting

confidence: 81%

“…Exchange and income rates have weak and indirect relationships in the short term but not in the long run. My and Sayim (2016) supported it, which found a positive relationship between gross domestic product and foreign exchange rate. Mahmood et al (2011) showed that the volatility of positive exchange rates affected Pakistan's gross domestic product in the annual panel data for the period 1975 to 2015.…”

Section: Foreign Exchange and Gross Domestic Productsmentioning

confidence: 84%

“…Parveen, Khan, and Ismail (2018) tested various factors affecting the diversity of Pakistan's exchange rates. My and Sayim (2016) also conducted studies on the effects of macroeconomic factors on foreign exchange rates between the United States and four emerging countries: India, Mexico, Brazil, and China from 2005 to 2014. Both studies found that foreign exchange rates also determined by the country's government and not according to market forces.…”

Section: Foreign Exchangementioning

confidence: 99%

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Impact of Economic Factors towards Exchange Rate in Malaysia

Mohamed¹,

Abdullah²,

Noh³

et al. 2021

IJAREMS

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As the exchange rate is currently floating negatively in Malaysia, there is a need to investigate the impact of economic factors on Malaysia's exchange rate volatility. In this study, the annual time series data for foreign exchange rates, gross domestic product and unemployment rates obtained from the World Development Indicators (WDI) source. The data for inflation rates sourced from the Department Statistic of Malaysia website. The 120 observations data tested from 1989 to 2018 using Eviews software. First, the data analyzed based on the descriptive statistics measure the mean, minimum, maximum, kurtosis, and skewness of the data or variables. The Augmented Dickey-Fuller (ADF) and Phillips-Perron (P.P.) used to test the data stationarity. The correlation test is performed to investigate any correlation between the variables. Lastly, the multiple regression analysis examines the impacts and significance of the relationship between the variables. The findings demonstrate that there is a strong significant relationship between gross domestic product and exchange rate. However, unemployment and inflation show an insignificant relationship with exchange rate volatility. There is a strong significant relationship between gross domestic product, inflation with the exchange rate. However, unemployment shows an insignificant relationship with the exchange rate. This study indicated economic factors that increase gross domestic product and inflation, significantly impacting the exchange rate. To maintain Malaysia's exchange rate stability, Malaysia needs to look into their monetary policy closely.

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“…It is consistent with Mirchandani, A. (2013), Ramasamy, R., & Abar, S. K. (2015) and My, N. Q., & Sayim, M. (2016). However, it contradicts the findings by Majeed, M. (2018).…”

Section: Research Objective 1: To Examine the Relationship Between Gross Domestic Product And The Foreign Exchange Rate In Malaysiasupporting

confidence: 81%

Section: Foreign Exchange and Gross Domestic Productsmentioning

confidence: 84%

Section: Foreign Exchangementioning

confidence: 99%

See 1 more Smart Citation

Impact of Economic Factors towards Exchange Rate in Malaysia

Mohamed¹,

Abdullah²,

Noh³

et al. 2021

IJAREMS

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“…For more empirical studies on exchange rate determinants see: Lane (1998),Clarida & Gali(1994),Chavan & Shafighi (2021),Kabi et al, (2014),My & Sayim (2016), Mirchandi (2013),(Tanku & Vika, 2019).…”

mentioning

confidence: 99%

“Fear” of the free exchange rate - The case of Albania

KOZMAI

2023

Economicus

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The consumer society of nowdays would have struggled to exist in the last century; money, which today carries no intrinsic value (legal tender), used to hold value by being linked with precious metals. The exchange rates of each country’s currency were determined by the quantity of precious metals each country possessed in tis central bank’s coffers. After the collapse of the fixed-rate system, the determinants of exchange rates have been hard to find. Given the continuous widening of the Albanian trade deficit, as well as the continuous strengthening of ALL against Euro, this study aims to investigate whether fundamental factors affect the ALL-EUR exchange rate, at all. In addition, this study examines whether this exchange rate has been influenced by the Bank of Albania’s interventions in the (domestic) foreign exchange market. The study is based on a quantitative analysis, with secondary data obtained from INSTAT and the Bank of Albania. The data are quarterly and have been collected for a period of 14 and a half years, from the first quarter of 2008 to the second quarter of 2022. The graphical analysis and regression results showed that fundamental factors significantly affect the ALL-EUR exchange rate and that the interventions by the Bank of Albania, in the foreign exchange market, have not had a statistically significant impact on the (domestic) exchange rate.

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The Basic Dynamics of the Exchange Rate in Turkey

Güvenoğlu

Karahan

2021

Yönetim Ve Ekonomi Araştırmaları Dergisi

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Döviz kuru ekonomide çok sayıda makroekonomik göstergeyi yakından etkileyen önemli bir faktördür. Öyle ki, döviz kurundaki dalgalanmalar ekonomik faaliyetleri olumsuz yönde etkileyerek ciddi krizlere yol açabilmektedir. Bu nedenle döviz kuru politikalarının başarılı bir biçimde uygulanması ekonomik istikrarın sağlanmasında çok büyük bir rol oynamaktadır. Döviz kuru politikalarının başarılı bir biçimde uygulanması ise her şeyden önce söz konusu politikaların etkin bir biçimde tasarlanmasını gerektirmektedir. Döviz kuru politikasının etkin bir biçimde tasarlanması ise döviz kuru seviyesini etkileyen dinamiklerin kapsamlı bir biçimde tespit edilmesine bağlıdır. Buradan hareketle çalışmada 2009:Q1–2019:Q4 dönemine ait üçer aylık veriler kullanılarak Türkiye’de döviz kurunu belirleyen temel dinamikler analiz edilmiştir. Bunun için döviz piyasasındaki arz ve talep koşullarını doğrudan doğruya etkileyen faktörler olan finansal sermaye hareketleri ile net ihracatın döviz kuru üzerindeki etkisi ARDL modeli kullanılarak incelenmiştir. Ekonometrik sonuçlar finansal sermaye hareketlerinin döviz piyasasındaki arz ve talep koşulları üzerinde net ihracata göre daha etkili olduğunu göstermiştir. Buna göre finansal sermaye hareketlerinin döviz kuru üzerindeki etkisi kısa ve uzun dönemde net ihracata göre daha baskın bulunmuştur. Böylece, döviz kuru seviyesinde istikrar sağlamayı hedefleyen politikaların uygulanması sürecinde Türkiye'ye yönelik sermaye hareketlerinin etkin bir biçimde yönetilmesine daha çok ağırlık verilmelidir.

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The Impact of Economic Factors on the Foreign Exchange Rates between USA and Four Big Emerging Countries: China, India, Brazil and Mexico

Cited by 4 publications

References 40 publications

Impact of Economic Factors towards Exchange Rate in Malaysia

Impact of Economic Factors towards Exchange Rate in Malaysia

“Fear” of the free exchange rate - The case of Albania

The Basic Dynamics of the Exchange Rate in Turkey

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