Impact of Exchange Rate on Stock Market

Seri Suriani; M. Dileep Kumar; Farhan Jamil; Saqib Muneer

EN

Impact of Exchange Rate on Stock Market

Abstract

The exchange rate and stock market are the two fundamental financial markets in the world. These two markets are playing key role in an international business all over the world. It is necessary to understand the relationship between the both markets so that the investors may be able to invest in a better way by taking the minimum risk. This paper investigates the relationship between the stock market and exchange market of Pakistan. KSE-100 index is used as a substitute of Stock Prices while currency rate of Pak Rupee against US Dollar (Rs/US$) is taken for exchange rate exposure. The data is on monthly basis and the time period is from January 2004 to December 2009. The findings of the study indicate that there is no relationship exists between exchange rate and stock price and both the variables are independent of each other.

Keywords

Fundamental Financial Markets, Exchange Rates, Stock Market

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Seri Suriani This is me

M. Dileep Kumar This is me

Farhan Jamil This is me

Saqib Muneer This is me

Publication Date

March 1, 2015

Submission Date

March 1, 2015

Acceptance Date

-

Published in Issue

Year 2015 Volume: 5 Number: 1

IZ

https://izlik.org/JA52BL49KK

Cite

RIS / Bibtex

APA

Suriani, S., Kumar, M. D., Jamil, F., & Muneer, S. (2015). Impact of Exchange Rate on Stock Market. International Journal of Economics and Financial Issues, 5(1), 385-388. https://izlik.org/JA52BL49KK

AMA

1.Suriani S, Kumar MD, Jamil F, Muneer S. Impact of Exchange Rate on Stock Market. IJEFI. 2015;5(1):385-388. https://izlik.org/JA52BL49KK

Chicago

Suriani, Seri, M. Dileep Kumar, Farhan Jamil, and Saqib Muneer. 2015. “Impact of Exchange Rate on Stock Market”. International Journal of Economics and Financial Issues 5 (1): 385-88. https://izlik.org/JA52BL49KK.

EndNote

Suriani S, Kumar MD, Jamil F, Muneer S (March 1, 2015) Impact of Exchange Rate on Stock Market. International Journal of Economics and Financial Issues 5 1 385–388.

IEEE

[1]S. Suriani, M. D. Kumar, F. Jamil, and S. Muneer, “Impact of Exchange Rate on Stock Market”, IJEFI, vol. 5, no. 1, pp. 385–388, Mar. 2015, [Online]. Available: https://izlik.org/JA52BL49KK

ISNAD

Suriani, Seri - Kumar, M. Dileep - Jamil, Farhan - Muneer, Saqib. “Impact of Exchange Rate on Stock Market”. International Journal of Economics and Financial Issues 5/1 (March 1, 2015): 385-388. https://izlik.org/JA52BL49KK.

JAMA

1.Suriani S, Kumar MD, Jamil F, Muneer S. Impact of Exchange Rate on Stock Market. IJEFI. 2015;5:385–388.

MLA

Suriani, Seri, et al. “Impact of Exchange Rate on Stock Market”. International Journal of Economics and Financial Issues, vol. 5, no. 1, Mar. 2015, pp. 385-8, https://izlik.org/JA52BL49KK.

Vancouver

1.Seri Suriani, M. Dileep Kumar, Farhan Jamil, Saqib Muneer. Impact of Exchange Rate on Stock Market. IJEFI [Internet]. 2015 Mar. 1;5(1):385-8. Available from: https://izlik.org/JA52BL49KK