EUR/USD/GBP Exchange Rate Fluctuations in the Economy. Case Study: The Period of the Pandemic Covid-19 (March–November 2020)

Sihana Hoxha Shala () and Hyrije Abazi-Alili ()
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Sihana Hoxha Shala: South East European University
Hyrije Abazi-Alili: South East European University

A chapter in Economic Recovery, Consolidation, and Sustainable Growth, 2023, pp 385-401 from Springer

Abstract: Abstract This study focuses on the impact of COVID-19 on the foreign exchange market, specifically the EUR/USD and GBP/USD currency pairs. The study covers March–November 2020 and takes into account the economic stability of the countries and the liquidity of the trading pairs. The results show that foreign exchange rates follow a trend in the time series and are influenced by investment in treasury securities, with a positive correlation of 47.81%. The study also found that interest rates, inflation, balance of payments, and public debt have a direct impact on a country's currency appreciation/depreciation. The testing was done for the US dollar only and showed a significant relationship between the parameters at a 90% level.

Keywords: Exchange rate; Forex; Statistical analysis; Indicators; Valuation/depreciation; Monetary/fiscal policy (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-42511-0_25

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DOI: 10.1007/978-3-031-42511-0_25

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