Exchange Rate Volatility and Oil Prices in South Africa
The study examines the oil prices and exchange rate volatilities in South Africa. The study employs monthly time series data spanning for the period from 1960 M1 to 2021M11 using data collected from the SARB. The study employs a TGARCH model to analyse the volatilities between oil prices and exchan...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2022-05-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | https://econjournals.com/index.php/ijeep/article/view/12949 |
| _version_ | 1797911910846300160 |
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| author | Nyiko Worship Hlongwane Olebogeng David Daw Leeto Shogole Selinah Ribese |
| author_facet | Nyiko Worship Hlongwane Olebogeng David Daw Leeto Shogole Selinah Ribese |
| author_sort | Nyiko Worship Hlongwane |
| collection | DOAJ |
| description |
The study examines the oil prices and exchange rate volatilities in South Africa. The study employs monthly time series data spanning for the period from 1960 M1 to 2021M11 using data collected from the SARB. The study employs a TGARCH model to analyse the volatilities between oil prices and exchange rate. The study found that oil prices have a negative statistically significant impact on the exchange rates in South Africa. The study therefore recommends that the monetary authorities must monitor oil prices as they have an ability to cause exchange rate volatilities.
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| first_indexed | 2024-04-10T11:48:04Z |
| format | Article |
| id | doaj.art-1e1fd1e4485a408f97a788742d61cdd2 |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-04-10T11:48:04Z |
| publishDate | 2022-05-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-1e1fd1e4485a408f97a788742d61cdd22023-02-15T16:17:15ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532022-05-0112310.32479/ijeep.12949Exchange Rate Volatility and Oil Prices in South AfricaNyiko Worship HlongwaneOlebogeng David Daw0Leeto ShogoleSelinah Ribese1North-West UniversityNorth-West University The study examines the oil prices and exchange rate volatilities in South Africa. The study employs monthly time series data spanning for the period from 1960 M1 to 2021M11 using data collected from the SARB. The study employs a TGARCH model to analyse the volatilities between oil prices and exchange rate. The study found that oil prices have a negative statistically significant impact on the exchange rates in South Africa. The study therefore recommends that the monetary authorities must monitor oil prices as they have an ability to cause exchange rate volatilities. https://econjournals.com/index.php/ijeep/article/view/12949oil pricesexchange rate volatilityTGARCHSARBSouth Africa |
| spellingShingle | Nyiko Worship Hlongwane Olebogeng David Daw Leeto Shogole Selinah Ribese Exchange Rate Volatility and Oil Prices in South Africa International Journal of Energy Economics and Policy oil prices exchange rate volatility TGARCH SARB South Africa |
| title | Exchange Rate Volatility and Oil Prices in South Africa |
| title_full | Exchange Rate Volatility and Oil Prices in South Africa |
| title_fullStr | Exchange Rate Volatility and Oil Prices in South Africa |
| title_full_unstemmed | Exchange Rate Volatility and Oil Prices in South Africa |
| title_short | Exchange Rate Volatility and Oil Prices in South Africa |
| title_sort | exchange rate volatility and oil prices in south africa |
| topic | oil prices exchange rate volatility TGARCH SARB South Africa |
| url | https://econjournals.com/index.php/ijeep/article/view/12949 |
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