Chaotic Behavior in Exchange Rate

Melike E. Bildirici, Bahri Sonustun


In this paper, we aim to analyze the chaotic structure of the daily Euro/USD parity. The examined data covers the period of 01/01/2004 and 03/04/2018. In this context firstly, to determine chaotic behavior of daily Euro/USD rates, the BDS test was used. And following, the chaotic behavior was examined by Largest Lyapunov Exponents (LLE) and Henon Map methods. The results proved the existence of chaotic structure in the data.

Full Text:



Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

This journal is licensed under a Creative Commons Attribution 4.0 License.

International Journal of Financial Research
ISSN 1923-4023(Print)ISSN 1923-4031(Online)


Copyright © Sciedu Press

To make sure that you can receive messages from us, please add the '' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.