Impact of exchange rate volatility on Malaysian natural rubber price
Currency exchange rate volatility can affect the natural rubber price because most agricultural commodities are traded in USD.The objectives of the study is to determine the impact of exchange rate volatility on both natural rubber (NR) prices of (SMR20 and RSS4); and forecast a short-term exchange...
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my.uum.repo.207832017-01-31T01:14:38Z http://repo.uum.edu.my/20783/ Impact of exchange rate volatility on Malaysian natural rubber price Khin, Aye Aye Wong, Hong Chau Ung, Leng Yean HJ Public Finance Currency exchange rate volatility can affect the natural rubber price because most agricultural commodities are traded in USD.The objectives of the study is to determine the impact of exchange rate volatility on both natural rubber (NR) prices of (SMR20 and RSS4); and forecast a short-term exchange rate price (ERP) of Malaysian Ringgit (RM per USD) and both NR prices strongly represented in the Asian region, Malaysian NR market.The granger causal relationship is first analyzed along the VECM model with more efficient Engle-Granger causality procedure.Both a short-term ERP and NR prices ex-ante forecasts are tested by using Pindyck and Rubinfeld’s procedures.The result shows the RSS4 price Granger-cause changes the SMR20 and ERP with unidirectional causality relationship.Both a short-term ERP and NR prices ex-ante forecasts would be on a slightly increasing trend from January to June 2016.It may be due to the government and traders in changing their behaviour by increasing domestic consumptions for the stabilization of the NR supply-demand balance. 2016-08-15 Conference or Workshop Item PeerReviewed application/pdf en http://repo.uum.edu.my/20783/1/ICAS%202016%205%2010.pdf Khin, Aye Aye and Wong, Hong Chau and Ung, Leng Yean (2016) Impact of exchange rate volatility on Malaysian natural rubber price. In: International Conference on Accounting Studies (ICAS) 2016, 15-18 August 2016, Langkawi, Kedah, Malaysia. http://icas.my/index.php/proceedings/159-impact-of-exchange-rate-volatility-on-malaysian-natural-rubber-price |
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HJ Public Finance Khin, Aye Aye Wong, Hong Chau Ung, Leng Yean Impact of exchange rate volatility on Malaysian natural rubber price |
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Currency exchange rate volatility can affect the natural rubber price because most agricultural commodities are traded in USD.The objectives of the study is to determine the impact of exchange rate volatility on both natural rubber (NR) prices of (SMR20 and RSS4); and forecast a short-term exchange rate price (ERP) of Malaysian
Ringgit (RM per USD) and both NR prices strongly represented in the Asian region, Malaysian NR market.The granger causal relationship is first analyzed along the VECM model with more efficient Engle-Granger causality procedure.Both a short-term ERP and NR prices ex-ante forecasts are tested by using Pindyck and Rubinfeld’s procedures.The result shows the RSS4 price Granger-cause changes the SMR20 and ERP with unidirectional causality relationship.Both a short-term ERP and NR prices ex-ante forecasts would be on a slightly increasing trend from January to June 2016.It may be due to the government and traders in changing their behaviour by increasing domestic consumptions for the stabilization of the NR supply-demand balance. |
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Conference or Workshop Item |
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Khin, Aye Aye Wong, Hong Chau Ung, Leng Yean |
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Khin, Aye Aye Wong, Hong Chau Ung, Leng Yean |
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Khin, Aye Aye |
title |
Impact of exchange rate volatility on Malaysian natural rubber price |
title_short |
Impact of exchange rate volatility on Malaysian natural rubber price |
title_full |
Impact of exchange rate volatility on Malaysian natural rubber price |
title_fullStr |
Impact of exchange rate volatility on Malaysian natural rubber price |
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Impact of exchange rate volatility on Malaysian natural rubber price |
title_sort |
impact of exchange rate volatility on malaysian natural rubber price |
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2016 |
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http://repo.uum.edu.my/20783/1/ICAS%202016%205%2010.pdf http://repo.uum.edu.my/20783/ http://icas.my/index.php/proceedings/159-impact-of-exchange-rate-volatility-on-malaysian-natural-rubber-price |
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