The short-term effect of the movement of the USD on oil prices
- UNCW Author/Contributor (non-UNCW co-authors, if there are any, appear on document)
- Lauren E. Wells (Creator)
- Institution
- The University of North Carolina Wilmington (UNCW )
- Web Site: http://library.uncw.edu/
- Advisor
- William Sackley
Abstract: The effect of the changes in the US dollar (USD) on oil prices was examined in several
trials. An indexed value of the USD and several individual currency exchange rates with the
USD were compared to spot and future oil prices. The percentage change of each was taken
from monthly averages and used to determine a direct correlation and if a lost in value of the US
Dollar (USD) relates to greater fluctuations in the oil price. Results showed that the shortterm
movement of the USD appeared to have very little to no effect on the oil price. The oil price also
does not appear to have a greater amount of fluctuation due to a loss in value of the USD. If
there is a correlation between the value of the US Dollar and the oil price, it must occur in the
longterm
to preserve purchasing power, but it is not a relevant factor in determining oil price in
the shortterm.
The short-term effect of the movement of the USD on oil prices
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Created on 1/1/2009
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Additional Information
- Publication
- Thesis
- A Thesis Submitted to the University of North Carolina Wilmington in Partial Fulfillment of the Requirements for the Degree of Master of Business Administration
- Language: English
- Date: 2009
- Keywords
- Petroleum products--Prices, Petroleum industry and trade--United States
- Subjects
- Petroleum industry and trade -- United States
- Petroleum products -- Prices