دراسة قياسية لأثر تقلبات سعر الصرف على الأسواق المالية-ماليزيا : (2013-2019)‎ نموذجا

Abstract EN

The study deals with the problem of exchange rate fluctuations and its impact on financial markets, the study was based on a number of objectives, the most important of which is to know the impact of the exchange rate fluctuations of the Malaysian ringgit on the general index of Kuala Lumpur prices listed on the stock market of Malaysia.

The ARDL model was used to test the relationship between the exchange rate and the general price index in Malaysia for the period (2013-2019).

The results of the analysis revealed that there is an inverse relationship between the variables mentioned, moving from the exchange rate to the Kuala Lumpur index on the one hand, and from the index to the exchange rate on the other hand, and this is consistent with the analytical side of the study, and thus the possibility of considering the Kuala Lumpur index as a general indicator on the direction of future economic activity The results of the study also showed that exchange rate fluctuations have a different effect in different directions on the index for the financial market over the long term.