Exchange Rates and Commodity Prices in a Volatile Business Environment

波动的商业环境中的汇率和商品价格

• 批准号: LP0455263
• 负责人: Prof Kenneth Clements
• 金额: $ 4.97万
• 依托单位: The University of Western Australia
• 依托单位国家: 澳大利亚
• 项目类别: Linkage Projects
• 财政年份: 2005
• 资助国家: 澳大利亚
• 起止时间: 2005-02-25 至 2008-02-24
• 项目状态: 已结题
• 来源: https://dataportal.arc.gov.au/RGS/Web/Grants/LP0455263
• 关键词: Exchange; Rates; Commodity; Prices; Volatile

In recent years, many Australian companies have been hurt by the large movements in the value of the Australian dollar, by their inability to forecast these movements, and by deficiencies of their hedging strategies to deal with foreign-exchange risk. This project will develop an alternative way of forecasting the $A in real time using a new methodology, based on purchasing power parity, that shows much promise. Additionally, an innovative way to analyse gold prices will be further developed, which when combined with the $A forecasts, offers a potentially valuable method of hedging foreign exchange and commodity price risk faced by Australian gold producers.

近年来，许多澳大利亚公司因澳元价值的大幅波动、无法预测这些波动以及应对外汇风险的对冲策略不足而受到损害。 该项目将开发一种替代方法，使用基于购买力平价的新方法，以真实的时间预测A美元，这显示出很大的希望。 此外，还将进一步开发一种分析黄金价格的创新方法，与澳元预测相结合，为澳大利亚黄金生产商对冲外汇和大宗商品价格风险提供了一种潜在的有价值的方法。