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Using foreign currencies to explain the nominal exchange rate of rand
Includes bibliographical references (pages 34-36).
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
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School of Economics
2016
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| _version_ | 1867613142035464192 |
|---|---|
| access_status_str | Open Access |
| author | Wang, Ronghui |
| author2 | Ayogu, Melvin |
| author_browse | Ayogu, Melvin Wang, Ronghui |
| author_facet | Ayogu, Melvin Wang, Ronghui |
| author_sort | Wang, Ronghui |
| collection | Thesis |
| description | Includes bibliographical references (pages 34-36). |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/16625 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:31:26.417Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | School of Economics |
| publisherStr | School of Economics |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/16625 Using foreign currencies to explain the nominal exchange rate of rand Wang, Ronghui Ayogu, Melvin Economics Foreign exchange Includes bibliographical references (pages 34-36). 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. 2016-02-01T09:59:57Z 2016-02-01T09:59:57Z 2007 Master Thesis Masters MEcon http://hdl.handle.net/11427/16625 eng application/pdf School of Economics Faculty of Commerce University of Cape Town |
| spellingShingle | Economics Foreign exchange Wang, Ronghui Using foreign currencies to explain the nominal exchange rate of rand |
| thesis_degree_str | Master's |
| title | Using foreign currencies to explain the nominal exchange rate of rand |
| title_full | Using foreign currencies to explain the nominal exchange rate of rand |
| title_fullStr | Using foreign currencies to explain the nominal exchange rate of rand |
| title_full_unstemmed | Using foreign currencies to explain the nominal exchange rate of rand |
| title_short | Using foreign currencies to explain the nominal exchange rate of rand |
| title_sort | using foreign currencies to explain the nominal exchange rate of rand |
| topic | Economics Foreign exchange |
| url | http://hdl.handle.net/11427/16625 |
| work_keys_str_mv | AT wangronghui usingforeigncurrenciestoexplainthenominalexchangerateofrand |