On Some Consequences of COVID-19 in EUR/USD Exchange Rates and Economy

Zachary R. Kuenstler; Brennan C. Merley; Milan Stehlik; Jerzy Filus; Lidia Filus; Claudia Navarro-Villarroel; Jean Paul Maidana; Felix Fuders

doi:10.1007/978-3-031-39864-3_10

On Some Consequences of COVID-19 in EUR/USD Exchange Rates and Economy

Zachary R. Kuenstler, Brennan C. Merley, Milan Stehlik, Jerzy Filus, Lidia Filus, Claudia Navarro-Villarroel, Jean Paul Maidana, Felix Fuders

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

Here we analyze several economical variables which have been affected by the period of COVID-19. In particular, EUR/US exchange rates are addressed. Oil prices have been very volatile and many other economical variables have changed their behavior. We show by application of statistical tests for normality, including QQ-plots and Shapiro-Wilk that exchange rates of EUR to US from 10/13/2019 to 4/9/2020 are substantially deviating from normality and outliers are present. It is clear that changes to the economical variables have been of interest.

Original language	English
Title of host publication	Statistical Modelling and Risk Analysis - Selected contributions from ICRA9
Editors	Christos P. Kitsos, Teresa A. Oliveira, Francesca Pierri, Marialuisa Restaino
Publisher	Springer
Pages	119-129
Number of pages	11
ISBN (Print)	9783031398636
DOIs	https://doi.org/10.1007/978-3-031-39864-3_10
Publication status	Published - 2023
Event	9th International Conference on Risk Analysis, ICRA9 2022 - Perugia, Italy Duration: 25 May 2022 → 27 May 2022

Publication series

Name	Springer Proceedings in Mathematics and Statistics
Volume	430
ISSN (Print)	2194-1009
ISSN (Electronic)	2194-1017

Conference

Conference	9th International Conference on Risk Analysis, ICRA9 2022
Country/Territory	Italy
City	Perugia
Period	25/05/22 → 27/05/22

Keywords

ARIMA
COVID-19
Exchange rates
Modelling

ASJC Scopus subject areas

General Mathematics

Access to Document

10.1007/978-3-031-39864-3_10

Cite this

Kuenstler, Z. R., Merley, B. C., Stehlik, M., Filus, J., Filus, L., Navarro-Villarroel, C., Maidana, J. P., & Fuders, F. (2023). On Some Consequences of COVID-19 in EUR/USD Exchange Rates and Economy. In C. P. Kitsos, T. A. Oliveira, F. Pierri, & M. Restaino (Eds.), Statistical Modelling and Risk Analysis - Selected contributions from ICRA9 (pp. 119-129). (Springer Proceedings in Mathematics and Statistics; Vol. 430). Springer. https://doi.org/10.1007/978-3-031-39864-3_10

Kuenstler, Zachary R. ; Merley, Brennan C. ; Stehlik, Milan et al. / On Some Consequences of COVID-19 in EUR/USD Exchange Rates and Economy. Statistical Modelling and Risk Analysis - Selected contributions from ICRA9. editor / Christos P. Kitsos ; Teresa A. Oliveira ; Francesca Pierri ; Marialuisa Restaino. Springer, 2023. pp. 119-129 (Springer Proceedings in Mathematics and Statistics).

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abstract = "Here we analyze several economical variables which have been affected by the period of COVID-19. In particular, EUR/US exchange rates are addressed. Oil prices have been very volatile and many other economical variables have changed their behavior. We show by application of statistical tests for normality, including QQ-plots and Shapiro-Wilk that exchange rates of EUR to US from 10/13/2019 to 4/9/2020 are substantially deviating from normality and outliers are present. It is clear that changes to the economical variables have been of interest.",

keywords = "ARIMA, COVID-19, Exchange rates, Modelling",

author = "Kuenstler, {Zachary R.} and Merley, {Brennan C.} and Milan Stehlik and Jerzy Filus and Lidia Filus and Claudia Navarro-Villarroel and Maidana, {Jean Paul} and Felix Fuders",

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series = "Springer Proceedings in Mathematics and Statistics",

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Kuenstler, ZR, Merley, BC, Stehlik, M, Filus, J, Filus, L, Navarro-Villarroel, C, Maidana, JP & Fuders, F 2023, On Some Consequences of COVID-19 in EUR/USD Exchange Rates and Economy. in CP Kitsos, TA Oliveira, F Pierri & M Restaino (eds), Statistical Modelling and Risk Analysis - Selected contributions from ICRA9. Springer Proceedings in Mathematics and Statistics, vol. 430, Springer, pp. 119-129, 9th International Conference on Risk Analysis, ICRA9 2022, Perugia, Italy, 25/05/22. https://doi.org/10.1007/978-3-031-39864-3_10

On Some Consequences of COVID-19 in EUR/USD Exchange Rates and Economy. / Kuenstler, Zachary R.; Merley, Brennan C.; Stehlik, Milan et al.
Statistical Modelling and Risk Analysis - Selected contributions from ICRA9. ed. / Christos P. Kitsos; Teresa A. Oliveira; Francesca Pierri; Marialuisa Restaino. Springer, 2023. p. 119-129 (Springer Proceedings in Mathematics and Statistics; Vol. 430).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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AU - Kuenstler, Zachary R.

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AU - Filus, Lidia

AU - Navarro-Villarroel, Claudia

AU - Maidana, Jean Paul

AU - Fuders, Felix

N1 - Publisher Copyright: © The Author(s), under exclusive license to Springer Nature Switzerland AG 2023.

PY - 2023

Y1 - 2023

N2 - Here we analyze several economical variables which have been affected by the period of COVID-19. In particular, EUR/US exchange rates are addressed. Oil prices have been very volatile and many other economical variables have changed their behavior. We show by application of statistical tests for normality, including QQ-plots and Shapiro-Wilk that exchange rates of EUR to US from 10/13/2019 to 4/9/2020 are substantially deviating from normality and outliers are present. It is clear that changes to the economical variables have been of interest.

AB - Here we analyze several economical variables which have been affected by the period of COVID-19. In particular, EUR/US exchange rates are addressed. Oil prices have been very volatile and many other economical variables have changed their behavior. We show by application of statistical tests for normality, including QQ-plots and Shapiro-Wilk that exchange rates of EUR to US from 10/13/2019 to 4/9/2020 are substantially deviating from normality and outliers are present. It is clear that changes to the economical variables have been of interest.

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Kuenstler ZR, Merley BC, Stehlik M, Filus J, Filus L, Navarro-Villarroel C et al. On Some Consequences of COVID-19 in EUR/USD Exchange Rates and Economy. In Kitsos CP, Oliveira TA, Pierri F, Restaino M, editors, Statistical Modelling and Risk Analysis - Selected contributions from ICRA9. Springer. 2023. p. 119-129. (Springer Proceedings in Mathematics and Statistics). doi: 10.1007/978-3-031-39864-3_10

On Some Consequences of COVID-19 in EUR/USD Exchange Rates and Economy

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Keywords

ASJC Scopus subject areas

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