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Network Topology of Foreign Exchange Rate

Shamshuritawati, Sharif and Nur Syahidah, Yusoff and Maman Abdurachman, Djauhari (2012) Network Topology of Foreign Exchange Rate. Modern Applied Science, 6 (11). pp. 36-43. ISSN 1913-1852

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Abstract

In this paper we use a network topology approach to examine the interrelationship of 55 world currencies which is based on correlation analysis. With this point of view, those relationships can be measured by a correlation structure among currencies. To analyse that network, we filter the important information contained therein by using minimum spanning tree, and we interpret it by using a centrality measures. This topology will gives us a useful guide to understand their behaviour and to determine the dominance currency in the network as part of a complex network. The results show that HKD-Hong Kong Dollar is the most dominance currencies, followed by in order of importance; SGD-Singapore Dollar, USD-US Dollar, SAR-Saudi Riyal, and TWD-New Taiwan Dollar.

Item Type: Article
Uncontrolled Keywords: Adjacency matrix, complex system, correlation matrix, distance matrix
Subjects: H Social Sciences > HD Industries. Land use. Labor
Faculty/Division: Faculty of Industrial Sciences And Technology
Depositing User: Ms. Hazima Anuar
Date Deposited: 14 Jun 2016 06:57
Last Modified: 21 Jun 2016 03:00
URI: http://umpir.ump.edu.my/id/eprint/6835
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