Suchergebnisse

Foreign exchange market (FOREX) is the biggest volume financial market in the world. Through FOREX, one currency of a country is exchanged for another country's currency. Since it is the world's largest financial market, overall estimated daily average turnover of upwards is about $5.1 trillion. With the extend of globalization, both developing and developed countries have started to use similar policies among which financial liberalization is one of them. Financial liberalization is opening up economies to international capital flows, in particular by restructuring regulation of developing countries where controls and restrictions are either reduced or removed in order to attract international financial activities of developed countries to their own countries. In this study, analysis was done for Turkey's position in the world; specifically, for the period before and after Capital Market Boards regulation. The new regulation creates authority to brokers. In order to compare the effect of changing legal structure on the participants of forex market, the groups of years were separated as the selected values of the year of 2012 before and after. The results of independent test were carried out. In conclusion, after the comparison of the parameters, the change in legal structure has significantly led to expansion in forex transactions. Test results for transactions in forex market shows that EUR/USD transactions have significantly increased after the regulation. In addition, the increase in the participation of both local and foreign investors after the regulation has also found to be statistically significant. Keywords: Forex, Forex Markets, Regulation and Legal Changes, Turkey. ; ÖZ: Döviz piyasası (FOREX) dünyadaki en büyük hacme sahip finansal piyasasıdır. FOREX döviz kuru sistemi ile bir ülkenin bir para birimi başka ülkenin para birimi karşılığında değiştirilir. Genel olarak günlük ortalama cirosu yaklaşık 5,1 trilyon dolara ulaşarak, dünyanın en büyük finansal piyasasını oluşturmaktadır. Küreselleşmenin yaygınlaşması ile hem gelişmekte olan ülkeler hem de gelişmiş ülkeler benzer politikalar kullanmaya başlamıştır ki bunlardan birisi de ekonomileri uluslararası sermaye akışlarına açma sürecinde olan finansal liberalizasyon politikalarıdır. Bu politikalar özellikle gelişmekte olan ülkelerin, ya da gelişmiş ülkelerin uluslararası finansal faaliyetlerini kendi ülkelerine çekmek için finansal sistem üzerindeki kontrol ve kısıtlamaları azaltmak amacıyla uygulanmaktadır. Bu çalışmanın içeriği Türkiye'nin dünyadaki konumu ve özellikle Sermaye Piyasası Kurulu düzenlemeleri ile öncesi ve sonrası etkilerini ve düzenlemelerini incelemektir. Değişen yasal yapının forex pazarı katılımcıları üzerindeki etkisini karşılaştırmak için, yıl grupları, 2012 yılının öncesi ve sonrasında belirlenmiş değerler olarak ayrıldı. Sonuç olarak, parametrelerin karşılaştırılmasından sonra, yasal yapıdaki değişikliklerde önemli ölçüde forex market işleminin kullanılmasına başvurulduğu gözlemlenmiştir. Forex piyasalarındaki işlemler için uygulanan testte EURO/DOLAR işlemlerinin regülasyon sonrası önemli bir oranda artış gösterdiği gözlemlenmiştir. Piyasadaki katılımcılar için uygulanan testte ise hem yerel hem de yabancı katılımcıların regülasyon sonrası daha fazla piyasaya dahil oldukları test edilmiş ve istatistiksel olarak anlamlı bulunmuştur. Anahtar Kelimeler: Döviz alım satımı, Döviz Alım Satım Piyasası, Yasal Düzenlemeler, Türkiye ; Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2017. Supervisor: Prof. Dr. Mustafa Besim.

The Basics Of Forex Market Movement Forex market movement is influenced by many factors. Currency value movement is greatly affected by interest rate. If the interest rate of the country is high, then the currency value also increases. Different economic events and central banks guide those interest rates. This means that economic news can have a dramatic effect on your Forex trading and all traders should be on top of all world news. Certain economic news is valuable because they show us how central banks can change interest rates in the future. This concerns everything that affects country's GDP and CPI in the short or long term. Other economic news changes Forex positions right away. Country's GDP as well as economic outlook is greatly affected by consumer spending. The main consumer spending indicators in the United States are the surveys held by the University of Michigan and the Conference Board. The consumer confidence sentiment is also published by the European Commission monthly. As for the United Kingdom, consumer confidence reports are issued by the Nationwide Building Society and GFK Group. An estimate of consumer sentiment is published by the Cabinet Office of Japan. By the way, if you are interested in gaining knowledge in finance, I recommend the portal Myfin, where you will find a lot of useful information and services. Sentiment is surely only a guide. The retail sales report of the country is more important to keep track of. Governments of many countries like the U.S., Japan, Canada, Australia, Switzerland and others issue retail sales reports. The same reports are issued by Eurostat for the European Union. Traders should check monthly manufacturing and nonmanufacturing indexes issued by the U.S. Institute of Supply Management as well as durable goods orders reports released by Commerce Department. There is also retail purchasing index report in Europe you can check. As for the Canada, you can check the Ivey Purchasing Index as well as many other indexes in various countries, depending on the ...

We test the possible presence of weak‐form informational efficiency in the Indonesian forex (FX) market using daily bilateral exchange rate return of Indonesian Rupiah against U.S. Dollar from January 24, 2001 to March 29, 2019. First, we employ a battery of statistical tests including variance ratio tests, tests for linear dependence and Hurst coefficient on the full dataset as well as on four non‐overlapping sub‐samples of equal length. The tests provide a mixed result, whereas Hurst coefficient values identify long‐run persistence in the market. Based on this evidence, we test the possibility of adaptive nature of Indonesian FX market. The adaptive market hypothesis is tested using the newly proposed adaptive index (AI) in order to quantify the degree of information inefficiency in the Indonesian FX market at any given point. The AI values conclusively prove that Indonesian FX market is adaptive and periodically switches between states of efficiency and inefficiency. Moreover, various macroeconomic and financial events influencing Indonesian FX market efficiency are identified.