The relationship between gold price and exchange rate of Asean currencies (Ringgit Malaysia , Singapore Dollar, Thai Baht) against U.S. Dollar
The empirical study is to examine relationship between gold price and exchange rate of ASEAN currencies such as Malaysian Ringgit (MYR/USD), Singapore Dollar (SGD/USD), and Thai Baht (THB/USD) against U.S. dollar. After the end of the Bretton Woods System and Gold Standard, the floating exchange...
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| Format: | Final Year Project Report / IMRAD |
| Language: | English |
| Published: |
Universiti Malaysia Sarawak, (UNIMAS)
2011
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/6444/ http://ir.unimas.my/id/eprint/6444/11/Amy%20Chin%20Ee%20Ling%20ft.pdf |
| _version_ | 1848835918942699520 |
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| author | Chin, Amy Ee Ling |
| author_facet | Chin, Amy Ee Ling |
| author_sort | Chin, Amy Ee Ling |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | The empirical study is to examine relationship between gold price and exchange rate of
ASEAN currencies such as Malaysian Ringgit (MYR/USD), Singapore Dollar (SGD/USD),
and Thai Baht (THB/USD) against U.S. dollar. After the end of the Bretton Woods System
and Gold Standard, the floating exchange rate has been adopted by most of the countries.
Many have argued that the adoption of the floating exchange rate has been a major cause for
the instability of world gold price. Currently, the gold price is dominated in U.S. dollar in
which the change in dollar will influence the gold price in other currencies. The Augmented
Dickey-Fuller (ADF) Unit Root Test, Johansen Cointegration Test, Granger Causality Test
with Vector Error Correction Model (VECM) and Ordinary Least Square (OLS) Method are
applied to examine the relationship between gold price and exchange rate of MYR/USD,
SGD/USD and THB/USD on a monthly basis from January 1981 to December 2010. The
result shows that long-term relationship exists between gold price and exchange rate of
MYR/USD, SGD/USD and THB/USD. Nevertheless, there is no short-term relationship
among them. Moreover, the result also indicates that gold price has positive relationship with
MYR/USD but has inverse relationship with SGD/USD and THB/USD. |
| first_indexed | 2025-11-15T06:15:31Z |
| format | Final Year Project Report / IMRAD |
| id | unimas-6444 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:15:31Z |
| publishDate | 2011 |
| publisher | Universiti Malaysia Sarawak, (UNIMAS) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-64442023-02-06T06:56:16Z http://ir.unimas.my/id/eprint/6444/ The relationship between gold price and exchange rate of Asean currencies (Ringgit Malaysia , Singapore Dollar, Thai Baht) against U.S. Dollar Chin, Amy Ee Ling HC Economic History and Conditions HG Finance The empirical study is to examine relationship between gold price and exchange rate of ASEAN currencies such as Malaysian Ringgit (MYR/USD), Singapore Dollar (SGD/USD), and Thai Baht (THB/USD) against U.S. dollar. After the end of the Bretton Woods System and Gold Standard, the floating exchange rate has been adopted by most of the countries. Many have argued that the adoption of the floating exchange rate has been a major cause for the instability of world gold price. Currently, the gold price is dominated in U.S. dollar in which the change in dollar will influence the gold price in other currencies. The Augmented Dickey-Fuller (ADF) Unit Root Test, Johansen Cointegration Test, Granger Causality Test with Vector Error Correction Model (VECM) and Ordinary Least Square (OLS) Method are applied to examine the relationship between gold price and exchange rate of MYR/USD, SGD/USD and THB/USD on a monthly basis from January 1981 to December 2010. The result shows that long-term relationship exists between gold price and exchange rate of MYR/USD, SGD/USD and THB/USD. Nevertheless, there is no short-term relationship among them. Moreover, the result also indicates that gold price has positive relationship with MYR/USD but has inverse relationship with SGD/USD and THB/USD. Universiti Malaysia Sarawak, (UNIMAS) 2011 Final Year Project Report / IMRAD NonPeerReviewed text en http://ir.unimas.my/id/eprint/6444/11/Amy%20Chin%20Ee%20Ling%20ft.pdf Chin, Amy Ee Ling (2011) The relationship between gold price and exchange rate of Asean currencies (Ringgit Malaysia , Singapore Dollar, Thai Baht) against U.S. Dollar. [Final Year Project Report / IMRAD] (Unpublished) |
| spellingShingle | HC Economic History and Conditions HG Finance Chin, Amy Ee Ling The relationship between gold price and exchange rate of Asean currencies (Ringgit Malaysia , Singapore Dollar, Thai Baht) against U.S. Dollar |
| title | The relationship between gold price and exchange rate of Asean currencies (Ringgit Malaysia , Singapore Dollar, Thai Baht) against U.S. Dollar |
| title_full | The relationship between gold price and exchange rate of Asean currencies (Ringgit Malaysia , Singapore Dollar, Thai Baht) against U.S. Dollar |
| title_fullStr | The relationship between gold price and exchange rate of Asean currencies (Ringgit Malaysia , Singapore Dollar, Thai Baht) against U.S. Dollar |
| title_full_unstemmed | The relationship between gold price and exchange rate of Asean currencies (Ringgit Malaysia , Singapore Dollar, Thai Baht) against U.S. Dollar |
| title_short | The relationship between gold price and exchange rate of Asean currencies (Ringgit Malaysia , Singapore Dollar, Thai Baht) against U.S. Dollar |
| title_sort | relationship between gold price and exchange rate of asean currencies (ringgit malaysia , singapore dollar, thai baht) against u.s. dollar |
| topic | HC Economic History and Conditions HG Finance |
| url | http://ir.unimas.my/id/eprint/6444/ http://ir.unimas.my/id/eprint/6444/11/Amy%20Chin%20Ee%20Ling%20ft.pdf |