Unlocking the secrets of exchange rate determination in Malaysia: A Game-Changing hybrid model

• Main Authors: Butt, Shamaila, Muhammad Ramzan, Muhammad Ramzan, Wong, Wing-Keung, Chohan, Muhammad Ali, Ramakrishnan, Suresh
• Format: Article
• Language: English
• Published: Elsevier Ltd 2023
• Subjects: HD28 Management. Industrial Management
• Online Access: http://eprints.utm.my/107559/1/SureshRamakrishnan2023_UnlockingTheSecretsOfExchangeRateDeterminationinMalaysia.pdf; http://eprints.utm.my/107559/; http://dx.doi.org/10.1016/j.heliyon.2023.e19140

Nominal exchange rate determination is a puzzling phenomenon throughout the literature. Thus, the study aims to analyze the nominal exchange rate determination with a hybrid approach of macroeconomic and microstructure determinants, i.e., interest rate differential, oil price, order flow, and bid-as...