Using foreign currencies to explain the nominal exchange rate of rand

 

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dc.contributor.advisor Ayogu, Melvin en_ZA
dc.contributor.author Wang, Ronghui en_ZA
dc.date.accessioned 2016-02-01T09:59:57Z
dc.date.available 2016-02-01T09:59:57Z
dc.date.issued 2007 en_ZA
dc.identifier.citation Wang, R. 2007. Using foreign currencies to explain the nominal exchange rate of rand. University of Cape Town. en_ZA
dc.identifier.uri http://hdl.handle.net/11427/16625
dc.description Includes bibliographical references (pages 34-36). en_ZA
dc.description.abstract The Rand-US Dollar exchange rate has been very volatile since the unification of the duo-exchange rate in 1995. Many researchers have successfully found some economic variables as the long-run determinants of Rand exchange rate. This paper tries to substitute those economic variables with some foreign currencies' exchange rates. In fact, it found that the Brazilian Real could well represent the investors' perception towards South Africa; the Australian Dollar could reflect the Terms of Trade's impact on Rand. After taking into account the structural break in the Rand exchange rate in 2002, the paper found the three currencies' exchange rates were actually cointegrated. In the final section, whether this cointegration relationship would sustain in the future is discussed. en_ZA
dc.language.iso eng en_ZA
dc.subject.other Economics en_ZA
dc.subject.other Foreign exchange en_ZA
dc.title Using foreign currencies to explain the nominal exchange rate of rand en_ZA
dc.type Master Thesis
uct.type.publication Research en_ZA
uct.type.resource Thesis en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Commerce en_ZA
dc.publisher.department School of Economics en_ZA
dc.type.qualificationlevel Masters
dc.type.qualificationname MEcon en_ZA
uct.type.filetype Text
uct.type.filetype Image
dc.identifier.apacitation Wang, R. (2007). <i>Using foreign currencies to explain the nominal exchange rate of rand</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/16625 en_ZA
dc.identifier.chicagocitation Wang, Ronghui. <i>"Using foreign currencies to explain the nominal exchange rate of rand."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 2007. http://hdl.handle.net/11427/16625 en_ZA
dc.identifier.vancouvercitation Wang R. Using foreign currencies to explain the nominal exchange rate of rand. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 2007 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/16625 en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Wang, Ronghui AB - The Rand-US Dollar exchange rate has been very volatile since the unification of the duo-exchange rate in 1995. Many researchers have successfully found some economic variables as the long-run determinants of Rand exchange rate. This paper tries to substitute those economic variables with some foreign currencies' exchange rates. In fact, it found that the Brazilian Real could well represent the investors' perception towards South Africa; the Australian Dollar could reflect the Terms of Trade's impact on Rand. After taking into account the structural break in the Rand exchange rate in 2002, the paper found the three currencies' exchange rates were actually cointegrated. In the final section, whether this cointegration relationship would sustain in the future is discussed. DA - 2007 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2007 T1 - Using foreign currencies to explain the nominal exchange rate of rand TI - Using foreign currencies to explain the nominal exchange rate of rand UR - http://hdl.handle.net/11427/16625 ER - en_ZA


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