The Effects of Exchange Rate Fluctuations on the Stock Price

发布时间：2022-09-30 20:03

　　Several variables influence the market prices of mining companies,such as inflation,exchange rates,interest rates,geopolitics,basic metal prices,etc.The purpose of this analysis is to examine the effect of such factors influencing the stock price of the Anglo-American mining company in South Africa and the United Kingdom,specifically,exchange,inflation,and interest rates with inflation and interest rates being controlled for.Secondary data from the Anglo-American Plc reports,the Johannesburg and... 

【文章页数】：73 页

【学位级别】：硕士

【文章目录】：
Abstract
Acronyms
Chapter One:Introduction
    1.1.Background of the Study
    1.2.Purpose and Significance
    1.3.Objectives of the Study
    1.4.Methodology and Technical Routes
    1.5.Main Contribution
Chapter Two:Literature Review And Theories
    2.1.Introduction
    2.2.Theoretical Review
        2.2.1.Stock Price and Markets Theories:EMH& Behavioral Finance
        2.2.2.Exchange Rate Theories:Law Of One Price& Purchasing Power Parity
        2.2.3.Theories Linking Exchange Rates and Stock Prices
    2.3.Empirical Review
        2.3.1.Empirical Findings on the Link of Exchange Rates and Stock Prices
        2.3.2.The Relationship of the Business Structure and Exchange Rates Fluctuation.
        2.3.3.The Relationship of Exchange Rate Fluctuations and Commodity Prices
        2.3.4.The Relationship of Macroeconomic Factors and Stock Prices
    2.4.The Conceptual Framework
    2.5.Literature Review Conclusion
Chapter Three:Exchange Rate Fluctuations And Stock Price Determination
    3.1.Introduction
    3.2.Exchange Rate Fluctuations
        3.2.1.The USD/ ZAR Currency Pair
        3.2.2.The USD/ GBP Currency Pair
    3.3.Effects of Inflation Rates on Stock Prices
    3.4.Effects of Interest Rates on Stock Prices
    3.5.Stock Price Determination
        3.5.1.Sensitivity to the Index
        3.5.2.Geosphere
    3.6.Anglo American Plc
        3.6.1.Hedging Strategies of Anglo American Plc
Chapter Four:Research Methodology
    4.1.Introduction
    4.2.Research Design
    4.3.Target Population and Sample
    4.4.Research Strategy
    4.5.Data Collection
    4.6.Diagnostic Tests
    4.7.Data Analysis
    4.8.Co-Movement and Volatility Investigation
Chapter Five:Data Analysis And Discussions
    5.1.Introduction
    5.2.Descriptive Statistics
        5.2.1.Anglo-American Plc Stock Price Movement
        5.2.2.Movement in the Exchange Rate
        5.2.3.Control Variables
    5.3.Unit Root Test
    5.4.Test for Cointegration
    5.5.Test for Normality
    5.6.Test for Collinearity
    5.7.Test for Correlation
    5.8.Regression Model
    5.9.Analysis of Variance(ANOVA)
Chapter Six:Conclusion And Recommendations
    6.1.Summary of Findings
    6.2.Limitations
    6.3.Recommendations
    6.4.Conclusions
References
Appendices
    Appendix 1 Descriptive Statistics
    Appendix 2 Unit Root Test
    Appendix 3 Test for Normality
    Appendix 4 Test for Linearity
    Appendix 5 Test for Correlation
    Appendix 6 Regression Model
Acknowledgments



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