The Relationship between Oil Prices and Exchange Rate in Russia

Volume: 6 Number: 4 December 1, 2016
  • Tatiana K. Blokhina
  • Oksana A. Karpenko
  • Andrey V. Guirinskiy
EN

The Relationship between Oil Prices and Exchange Rate in Russia

Abstract

This paper studies the relationship between oil price and the exchange rates in Russian Federation. There is a close interrelation between the currency rate of dollar to ruble and oil prices. The regression model has accurately shown this interrelation. The interrelation with a foreign policy factor - sanctions of the USA and the European Union is also revealed. There is a close interrelation between the currency rate of dollar to ruble and oil prices. The regression model has accurately shown this interrelation. Oil prices of the Brent oil is the dominating factor in a currency exchange rate formation mechanism of ruble, at least, in the long term. When world oil prices are stabilized and sanctions cancelled, currency fluctuations and uncertainty will be minimized. The findings of this paper may be used by foreign and domestic investors while taking decisions because all the shocks impact on the economy in short and long term.

Keywords

Details

Primary Language

English

Subjects

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Journal Section

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Authors

Tatiana K. Blokhina This is me

Oksana A. Karpenko This is me

Andrey V. Guirinskiy This is me

Publication Date

December 1, 2016

Submission Date

December 1, 2016

Acceptance Date

-

Published in Issue

Year 2016 Volume: 6 Number: 4

APA
Blokhina, T. K., Karpenko, O. A., & Guirinskiy, A. V. (2016). The Relationship between Oil Prices and Exchange Rate in Russia. International Journal of Energy Economics and Policy, 6(4), 721-726. https://izlik.org/JA84ZH86TJ
AMA
1.Blokhina TK, Karpenko OA, Guirinskiy AV. The Relationship between Oil Prices and Exchange Rate in Russia. IJEEP. 2016;6(4):721-726. https://izlik.org/JA84ZH86TJ
Chicago
Blokhina, Tatiana K., Oksana A. Karpenko, and Andrey V. Guirinskiy. 2016. “The Relationship Between Oil Prices and Exchange Rate in Russia”. International Journal of Energy Economics and Policy 6 (4): 721-26. https://izlik.org/JA84ZH86TJ.
EndNote
Blokhina TK, Karpenko OA, Guirinskiy AV (December 1, 2016) The Relationship between Oil Prices and Exchange Rate in Russia. International Journal of Energy Economics and Policy 6 4 721–726.
IEEE
[1]T. K. Blokhina, O. A. Karpenko, and A. V. Guirinskiy, “The Relationship between Oil Prices and Exchange Rate in Russia”, IJEEP, vol. 6, no. 4, pp. 721–726, Dec. 2016, [Online]. Available: https://izlik.org/JA84ZH86TJ
ISNAD
Blokhina, Tatiana K. - Karpenko, Oksana A. - Guirinskiy, Andrey V. “The Relationship Between Oil Prices and Exchange Rate in Russia”. International Journal of Energy Economics and Policy 6/4 (December 1, 2016): 721-726. https://izlik.org/JA84ZH86TJ.
JAMA
1.Blokhina TK, Karpenko OA, Guirinskiy AV. The Relationship between Oil Prices and Exchange Rate in Russia. IJEEP. 2016;6:721–726.
MLA
Blokhina, Tatiana K., et al. “The Relationship Between Oil Prices and Exchange Rate in Russia”. International Journal of Energy Economics and Policy, vol. 6, no. 4, Dec. 2016, pp. 721-6, https://izlik.org/JA84ZH86TJ.
Vancouver
1.Tatiana K. Blokhina, Oksana A. Karpenko, Andrey V. Guirinskiy. The Relationship between Oil Prices and Exchange Rate in Russia. IJEEP [Internet]. 2016 Dec. 1;6(4):721-6. Available from: https://izlik.org/JA84ZH86TJ