Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

An Empirical Study on the Relationship between American Stock Market and Exchange Rate under the COVID-19

Authors
Chenyao He1, , Xingkai Zhao2, *,
1School of Business, Macau University of Science and Technology, Macau, 999078, China
2School of Mathematics and Statistics, The University of Sheffield, Hicks Building, Hounsfield Road, Sheffield, UK, S3 7RH

These authors contributed equally.

Corresponding Author
Xingkai Zhao
Available Online 26 March 2022.
DOI
https://doi.org/10.2991/aebmr.k.220307.422How to use a DOI?
Keywords
COVID-19; Exchange rate; Stock market
Abstract

From 2020, the COVID-19 pandemic spread globally and had a significant impact on the economies of most countries. This article analysed the impact of the COVID-19 pandemic in the United States and the dollar exchange rate on the US stock market. We found a significant statistical correlation between the COVID-19 pandemic and the return of the US stock market, but there was no economic significance. COVID-19 impacted the volatility of the US stock market in the short term, but in the long term, it did not have an impact on the volatility of the US stock market. However, the dollar’s exchange rate did have a significant impact on the return and volatility of the US stock market.

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

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220307.422How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Chenyao He
AU  - Xingkai Zhao
PY  - 2022
DA  - 2022/03/26
TI  - An Empirical Study on the Relationship between American Stock Market and Exchange Rate under the COVID-19
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2593
EP  - 2599
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.422
DO  - https://doi.org/10.2991/aebmr.k.220307.422
ID  - He2022
ER  -