Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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The Relationship Between Exchange Rate and Crude Oil Price in Chinese Market

Authors
Yueqi Ding1, *
1School of Business Administration, Dongbei University Finance and Economics, Dalian, 116025, China
*Corresponding author. Email: Kiara_Delaney@163.com
Corresponding Author
Yueqi Ding
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_178How to use a DOI?
Keywords
Exchange Rate; Crude Oil Price; Chinese Market
Abstract

In this paper the focus is on the use of correlation to find the relationship between exchange rates and crude oil prices in the Chinese market. And in finding a negative correlation between the two the data relating to the Euro was also collected for comparison. Ultimately, however, it was found that the impact of the exchange rate on the price of oil was more pronounced in the Chinese market. In this study, an attempt is made to explain some of the reasons for this. It also provides some suggestions to the Chinese government and Chinese investors.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
10.2991/978-94-6463-036-7_178
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_178How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yueqi Ding
PY  - 2022
DA  - 2022/12/31
TI  - The Relationship Between Exchange Rate and Crude Oil Price in Chinese Market
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 1204
EP  - 1208
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_178
DO  - 10.2991/978-94-6463-036-7_178
ID  - Ding2022
ER  -