Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)

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Research on Relationship of British Pound Exchange Rate and the COVID-19 Pandemic Situation Based on Correlation Analysis by Excel

Authors
Shike Cheng1, *
1University College London School of Management, E14 5AB, London, UK
*Corresponding author. Email: gaoming@cas-harbour.org
Corresponding Author
Shike Cheng
Available Online 29 December 2022.
DOI
10.2991/978-94-6463-042-8_159How to use a DOI?
Keywords
Covid-19; Exchange rate; British Pounds
Abstract

While there are some existing literatures exploring the relationship between the pandemic of COVID-19 and the currency market, there is few research explicitly studied how the epidemic affects the exchange rate of British pounds. This study uses quantitative research method to examine whether the trends of COVID-19 pandemic influence the fluctuations in the exchange rate of British pounds. In order to find whether there is relationship between the exchange rate of British pounds and the pandemic trends, correlation analysis by excel was used. The research focus is on the exchange rate of British pounds with 20 foreign currencies and daily infections, deaths and fully vaccinated cases. When infection and mortality rates rise in a country, the pound will depreciate in value due to a range of government measures such as household orders and closure of non-essential shops, while when vaccination and cure rates rise, the value of the pound will generally strengthen.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
Series
Advances in Computer Science Research
Publication Date
29 December 2022
ISBN
978-94-6463-042-8
ISSN
2352-538X
DOI
10.2991/978-94-6463-042-8_159How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Shike Cheng
PY  - 2022
DA  - 2022/12/29
TI  - Research on Relationship of British Pound Exchange Rate and the COVID-19 Pandemic Situation Based on Correlation Analysis by Excel
BT  - Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
PB  - Atlantis Press
SP  - 1114
EP  - 1118
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-042-8_159
DO  - 10.2991/978-94-6463-042-8_159
ID  - Cheng2022
ER  -