Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/147798 
Authors: 
Year of Publication: 
2016
Citation: 
[Journal:] Cogent Economics & Finance [ISSN:] 2332-2039 [Volume:] 4 [Issue:] 1 [Publisher:] Taylor & Francis [Place:] Abingdon [Year:] 2016 [Pages:] 1-7
Publisher: 
Taylor & Francis, Abingdon
Abstract: 
This paper examines the determinants of the South African rand/US dollar (ZAR/USD) exchange rate based on demand and supply analysis. Applying the EGARCH method, the paper finds that the ZAR/USD exchange rate is positively associated with the South African government bond yield, US real GDP, the US stock price and the South African inflation rate and negatively influenced by the 10-year US government bond yield, South African real GDP, the South African stock price, and the US inflation rate. The adoption of a free floating exchange rate regime has reduced the value of the rand vs. the US dollar.
Subjects: 
exchange rates
interest rates
real GDP
stock prices
EGARCH
JEL: 
F31
F41
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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