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About this product
Product Identifiers
PublisherLAP Gmbh & Company KG
ISBN-103848411296
ISBN-139783848411290
eBay Product ID (ePID)128297982
Product Key Features
Book TitleCrude Oil Price and Canadian-Us Exchange Rate
Number of Pages60 Pages
LanguageEnglish
TopicForeign Exchange, General, Petroleum
Publication Year2012
GenreMusic, Technology & Engineering, Business & Economics
AuthorNauman Ahmad Syed
FormatTrade Paperback
Dimensions
Item Height0.1 in
Item Weight3.7 Oz
Item Length9 in
Item Width6 in
Additional Product Features
SynopsisFactors that might affect supply and demand for the Canadian dollar on the foreign exchange market and thus influence the exchange rate are: rates of interest, rate of inflation, balance of trade and investors confidence in a currency. This study focuses only on relationship between price of crude oil and price of the Canadian dollar against the US dollar and controls for other factors. The daily data is collected from the Natural Resources Canada. Sample period ranges from January 2000 to July 2009. Generalised Autoregressive Conditional Heteroskedasticity (GARCH) and Exponential GARCH (EGARCH) models are used. The study finds a positive and robust relation between the observed variables. More precisely, a 10% change in oil price leads to about 0.32% increase in the Canadian-US exchange rate.
