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Effect of foreign exchange rate on stock market performance in Sri Lanka

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dc.contributor.author Nifla, M. I. F
dc.contributor.author Riyath, M. I. M.
dc.date.accessioned 2022-11-11T04:24:42Z
dc.date.available 2022-11-11T04:24:42Z
dc.date.issued 2021-10-15
dc.identifier.citation 1 st International Undergraduate Finance Research Conference IUFRC 2021 en_US
dc.identifier.issn 2806 - 528X
dc.identifier.issn 2806 - 5387
dc.identifier.uri http://ir.lib.seu.ac.lk/handle/123456789/6275
dc.description.abstract The Sri Lankan stock market is highly vulnerable to fluctuations. External variables, particularly currency rate movement and volatility, make future capital market implementation and performance in development questionable. Several variables influence on the changes in stock prices, including company performance, dividends, stock prices in other countries, Gross Domestic Production, exchange rates, interest rates, current account, money supply and employment. Given the importance of determining the growth of a capital markets in an economy the economists and researchers have recently concerned with the intertemporal relationship between stock returns and exchange rates. Thus, study investigates the link between exchange rates and stock market performance in Colombo. Using monthly time series data in Sri Lanka from June 2012 to December 2020, the study analyzes the impact of exchange rates (USD, GBP, EUR, and JPY) on stock market returns (ASPI and S&PSL20). The relationship between the variables is measured using correlation and multiple regression approaches. According to findings, GBP showed a weak positive significant relationship with ASPI and S&PSL20, and the EUR have a non-significant positive correlation with ASPI and S&PSL20. Moreover, it suggests a weak negative correlation with ASPI and S&P SL20. Finally, the study concludes that GBP has a significant impact on stock market performance in Sri Lanka. en_US
dc.language.iso en en_US
dc.publisher Sri Lanka Finance Association, University of Sri Jayewardenepura, Sri Lanka en_US
dc.subject ASPI en_US
dc.subject S&P SL20 en_US
dc.subject CSE en_US
dc.subject Exchange Rate en_US
dc.subject Sri Lanka en_US
dc.subject Stock Market en_US
dc.title Effect of foreign exchange rate on stock market performance in Sri Lanka en_US
dc.type Article en_US


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  • Research Articles [915]
    THESE ARE RESEARCH ARTICLES OF ACADEMIC STAFF, PUBLISHED IN JOURNALS AND PROCEEDINGS ELSWHERE

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