The price of crude oil as a factor for USD volatility.


  • A. Zahariev D. A. Tsenov Academy of Economics, Svishtov
  • D. Kostov D. A. Tsenov Academy of Economics, Svishtov

Ключові слова:

currency markets, USD, crude oil price volatility


The area of research in the paper is the USD as the leading currency on the foreign exchange market, while the research problem – the crude oil price volatility as a factor with an effect on the USD exchange rate. The analysis focuses on the proposition that there exists a correlation between the price volatility of the petrol, as a strategic energy commodity and the USD as a global leading reserve currency. The purpose of this article is to present a contemporary perspective to the assessment of the price volatility of crude oil, as a leading external to the US economy factor that influences the USD exchange rate as a global reserve currency with a dominant role in the volume of transactions on world currency markets. The expected results are focused on the establishment of the level of correlation or/and cointegration between the volatility of crude oil prices and the USD volatility compared to a “basket” of currencies.

Біографії авторів

A. Zahariev, D. A. Tsenov Academy of Economics, Svishtov

prof., PhD, Department of Finance and Credit

D. Kostov, D. A. Tsenov Academy of Economics, Svishtov

assist. Prof. PhD, Department of Finance and Credit


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