Losing sleep at the international market: Daylight Saving Time and exchange rates

Michael Nower

Economics Letters, 2024, vol. 241, issue C

Abstract: This article examines the impact of the move into and out of Daylight Saving Time (DST) on bilateral exchange rates. When a country starts DST, the value of its currency depreciates, which is reversed when the country exits DST.

Keywords: Daylight Saving Time; Exchange rates (search for similar items in EconPapers)
JEL-codes: F31 G15 I12 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:241:y:2024:i:c:s0165176524002970

DOI: 10.1016/j.econlet.2024.111813

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