The Time Series Analysis of Exchange Rate Between Malaysia Ringgit and Singapore Dollar

Sia, Ee Shern (2024) The Time Series Analysis of Exchange Rate Between Malaysia Ringgit and Singapore Dollar. Final Year Project (Bachelor), Tunku Abdul Rahman University of Management and Technology.

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Abstract

The exchange rate between Malaysia Ringgit and Singapore Dollar since 2003-2023 will be studied. The report consists of five chapters. The first chapter give the overview of the project and a brief and general discussion of exchange rate between Malaysia Ringgit and other currencies. The aims, objectives and scope of the study will be included as well. Chapter 2 discussed some studies related to exchange rates and literature review on analyse techniques and forecast methods in predicting and forecasting the exchange rate. In Chapter 3, some preliminary results about 4 types of models and some related statistical tests will be used to forecast the exchange rate. The exchange rate data used and the model that are involved in the project are discussed. Furthermore, the process of time series analysis is visualised in flowchart to provide a better understanding on this study. All the model results regarding the time series analysis on the exchange rate between Malaysia Ringgit and Singapore Dollar are discussed in Chapter 4. The exchange rate data will be fitted based on the 3 time series models and statistical tests will be conducted to obtain well fit model that is used to forecast the exchange rate between Malaysia Ringgit and Singapore Dollar. Moreover, the impact of exchange rates on Malaysia Ringgit is discussed based on the comparison made with Singapore Dollar. The conclusions and future work of the study is included in Chapter 5.