Using foreign currencies to explain the nominal exchange rate of rand

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dc.contributor.advisorAyogu, Melvinen_ZA
dc.contributor.authorWang, Ronghuien_ZA
dc.date.accessioned2016-02-01T09:59:57Z
dc.date.available2016-02-01T09:59:57Z
dc.date.issued2007en_ZA
dc.descriptionIncludes bibliographical references (pages 34-36).en_ZA
dc.description.abstractThe 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.identifier.apacitationWang, 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/11427/16625en_ZA
dc.identifier.chicagocitationWang, 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/11427/16625en_ZA
dc.identifier.citationWang, R. 2007. Using foreign currencies to explain the nominal exchange rate of rand. University of Cape Town.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
dc.identifier.urihttp://hdl.handle.net/11427/16625
dc.identifier.vancouvercitationWang 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/11427/16625en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEconomicsen_ZA
dc.subject.otherForeign exchangeen_ZA
dc.titleUsing foreign currencies to explain the nominal exchange rate of randen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMEconen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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