The Most Sensitive Exchange Rates for Tin Based on the Major Commodity Production Countries

作     者：Veriyadi Veriyadi 

作者机构：WITS UniversityJohannesburgSouth Africa 

出 版 物：《Management Studies》 (管理研究（英文版）)

年 卷 期：2022年第10卷第6期

页      面：363-372页

学科分类：0202[经济学-应用经济学] 02[经济学] 020205[经济学-产业经济学] 

主　　题：tin Indonesian exchange rates Chinese exchange rates canonical correlation analysis weighted least squares 

摘      要：This paper examines the most sensitive exchange rates for tin price based on China and Indonesia that these are the world’s first and second largest tin *** export data from these countries have shared over 75 per cent of global tin supply that relates significantly with the Indonesian exchange rate based on the Canonical Correlation Analysis(CCA).Furthermore,the future tin prices are forecasted using the weighted least squares(WLS)*** model is selected since it takes into account the non-normally distribution and heteroscedasticity of the original ***,this result suggests that the Indonesian exchange rate is superior in predicting the future tin price rather than the Chinese exchange rate while China is the largest tin producer in the *** is caused that the Chinese exchange rate cannot appreciate to other currency baskets.