Exchange rate of Malaysian Ringgit (MYR) forecasting using decomposition method

Mohamad, Nurhana and Ahmad Nordin, Norain and Haironodin, Khairiah and Mohd Zakaria, Noor Rina Najiha and Jauhal, Nur Milen (2020) Exchange rate of Malaysian Ringgit (MYR) forecasting using decomposition method. In: Application in Science and Technology. Penerbit UTHM, pp. 29-38. ISBN 978-967-2389-55-2

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Abstract

The Malaysian Ringgit (MYR) foreign exchange rate has fallen to the lowest level since the 2008 global credit crisis [1]. Hence, the selection of countries for three selected continents in the world has been conducted to study their currency exchange rate and investigate this statement. USD, EUR and MYR currency were selected for data. The data of a daily exchange rate of USD-MYR, EUR-MYR and CNY-MYR were obtained from the official website Bank Negara Malaysia [2] and be used in forecasting process. The project objectives are to forecast Malaysia currency for future incoming October 2016 by using the Decomposition method and to predict the rate of Malaysia currency for incoming October 2016 until through assessing and analyzing by Microsoft Excel.

Item Type:	Book Section
Uncontrolled Keywords:	Research; Technology--Research; Education, Higher--Research--Malaysia; Government publications--Malaysia
Subjects:	H Social Sciences > HC Economic History and Conditions > HC79 Special topics. Including air pollution, automation, consumer demand, famines, flow of funds, etc.
Divisions:	Faculty of Applied Science and Technology > Department of Mathematics and Statistics
Depositing User:	Mrs. Siti Noraida Miskan
Date Deposited:	02 Nov 2021 03:32
Last Modified:	02 Nov 2021 03:32
URI:	http://eprints.uthm.edu.my/id/eprint/2227

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