Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)

Analysis of Influencing Factors of Foreign Exchange Interest Rate

Taking the Canadian Dollar and British Pound as Examples

Authors
Lingfeng Fan1
1Lingfeng Fan
*Corresponding author. Email: ffkendra9@gmail.com
Corresponding Author
Lingfeng Fan
Available Online 1 July 2022.
DOI
10.2991/aebmr.k.220603.147How to use a DOI?
Keywords
Foreign exchange rate; forecast; Macroeconomy; Canadian Dollar; British Pound
Abstract

As an essential part of international trade, exchange rates profoundly impact economies that are highly dependent on trade. This paper analyses Canada and the United Kingdom’s economic data based on their financial conditions. When discussing the factors influencing the exchange rate, it is found that the interest rate difference between the two countries has the most significant influence on the quarterly and annual exchange rate changes. In comparison, the inflation rate difference between the two countries ranks second. From the perspective of the GDP growth of the two countries, the foreign GDP growth rate has a more significant impact than the domestic GDP growth rate.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

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Volume Title
Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
1 July 2022
ISBN
10.2991/aebmr.k.220603.147
ISSN
2352-5428
DOI
10.2991/aebmr.k.220603.147How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

TY  - CONF
AU  - Lingfeng Fan
PY  - 2022
DA  - 2022/07/01
TI  - Analysis of Influencing Factors of Foreign Exchange Interest Rate
BT  - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
PB  - Atlantis Press
SP  - 897
EP  - 900
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220603.147
DO  - 10.2991/aebmr.k.220603.147
ID  - Fan2022
ER  -