THE FACTORS THAT AFFECT DOMESTIC CURRENCY VOLATILITY
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Date
2016
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Suleyman Demirel University
Abstract
This paper investigates the main factors that affect the Kazakh Tenge volatility. It finds that there
is a positive correlation between oil price and Tenge against US Dollar since the early 2000s, but
the correlation enhanced after moving to the floating exchange rate regime. The main purpose of
this paper is to find the marginal effect of oil price on KZT/USD exchange rate and suggest the
ways to stabilize the domestic economy.
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THE FACTORS THAT AFFECT DOMESTIC CURRENCY VOLATILITY, Zhannur Tasbolatkyzy, 2016