Gahraman Abdoli; Michael Vellaei yamchi
Volume 1, Issue 1 , January 2011, , Pages 173-187
Abstract
When the exchange rate of the dollar fluctuates, a disequilibrium is created in the market for crude oil. This will be reflected in altered Demand for crude oil and an altered oil price and oil revenue. A depreciation of the dollar may lead to an increase in Demand for crude oil in other currency ...
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When the exchange rate of the dollar fluctuates, a disequilibrium is created in the market for crude oil. This will be reflected in altered Demand for crude oil and an altered oil price and oil revenue. A depreciation of the dollar may lead to an increase in Demand for crude oil in other currency zones (Euro, Yuan, zudian Rupie, etc). In this paper we investigate the Long-term relationship between oil price and oil exchange rates oil Import china and India by using a nominal monthly from2006:1 to 2010:12.The results show that nominal depreciation is us Dollar vs. Euro and Chinese Yuan has a significantly positive effect on OPEC oil prices. Whereas the change of Dollar value va. Indian Rupie has no significant effect on oil prices.
