Random Walks in Daily Foreign Exchange Rates? The Case of Lebanon (2010-2015)
| dc.contributor.author | Kohilian, Tamar Vartkes | |
| dc.date.accessioned | 2024-06-10T11:02:51Z | |
| dc.date.available | 2024-06-10T11:02:51Z | |
| dc.date.issued | 2015 | |
| dc.description.abstract | The purpose of this study is find evidence against Random Walk theory in Lebanese Foreign Exchange Market. The study was done on 6 foreign exchange currencies from January 2010 till 8 April, 2015 with a daily frequency with 1279 observations per series. The six currencies are Australian Dollar (AUD), Canadian Dollar (CAD), Swiss Franc (CHF), European Currency Unit (EURO), British Pound (GBP), and Japanese Yen (JPY). The data is taken from Bank of Lebanon’s official website, and the currencies are chosen upon availability and convenience. Empirical evidence from this study showed that Lebanese Foreign exchange market follows Weak Form Efficiency and does not follow a Random Walk. The study recommends the Lebanese banks, to focus on the special departments that are entrusted with undertaking technical analysis, and finding best forecasts of the foreign exchange rates, in order to take trading positions based upon this forecast and maximize profits. | |
| dc.identifier.citation | Kohilian, T. V. (2015). Random Walks in Daily Foreign Exchange Rates? The Case of Lebanon (2010-2015) (MBA thesis, Haigazian University) | |
| dc.identifier.doi | https://doi.org/10.62811/th.0150 | |
| dc.identifier.uri | https://haigrepository.haigazian.edu.lb/handle/123456789/110 | |
| dc.title | Random Walks in Daily Foreign Exchange Rates? The Case of Lebanon (2010-2015) |
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