Influence of War on Currency Exchange using Jennrich’s Statistics.

Abstract

This study investigates the war on Middle East currencies. The Jennrich’s test and Minimum Spanning Tree (MST) are utilized to examination the stability of correlation currencies construction also its reasons, respectively. In this study the degree centrality evaluation was used to filter the knowledge from MST. The results displayed that the war struck Palestine on July 2014 had increased the instability of currencies exchange and made unsteady. As of the control chart, it displays that the currencies are not steady from January 1, 2013 to December 31, 2014. Based on sample data of DEC 2014, from the analysis the JOD and AED are unstable currencies through the others.