Logo Lanfrica
  • Accueil
  • Atlas
  • Analyses
  • Documentation
  • Sign in

© 2026 Lanfrica. Tous droits réservés. Tous les droits d'auteur des ressources affichées sur le site Web Lanfrica appartiennent aux détenteurs de droits d'auteur d'origine, sauf indication contraire explicite.

The co-movement of Bitcoin and some African currencies – A wavelet analysis

Domaine:

socioeconomic

Type de record:

paper
Créateur:
ChiBriFarBen
Éditeur:
Uni
Hôte:
This paper investigated the co-movement between the bitcoin (BTC) and the exchange rates of some African currencies to the USD (United States Dollars) using the continuous wavelet transform (CWT) and wavelet coherence (WTC). This was done for the noisy as well as the denoised series. The CWT for the noisy series suggests high volatility for those who hold the currencies for the short term and low volatility for those who hold the currencies for a long-term period. The CWT of the denoised series suggests that volatility at low frequency is driven by noise, while volatility at a higher frequency is driven by market forces. The wavelet coherence suggests that in the presence of noise, bitcoin will be a hedge for the currencies. However, in the absence of noise, bitcoin is a haven for the Egyptian EGP, followed by the Algerian DZD, then the Nigerian NGN, and may not be a haven for the South African ZAR.

Visit

doi.org

Languages

Arabic, Algerian Spoken

Licenses

https://creativecommons.org/licenses/by/4.0/

Similaires

Inflation Co-Movement Dynamics: A Cross-Country Investigation Using a Continuous Wavelet ApproachBusiness cycle synchronization and African monetary union: A wavelet analysisCryptocurrency and African fiat currencies: A peaceful coexistence?Wavelet Analysis of Variability, Teleconnectivity, and Predictability of the September–November East African RainfallStudies on African Equity Markets and Global Shocks: Co-movement, Contagion, and DiversificationSome Purported Problems for the Movement Theory of Control

Inflation Co-Movement Dynamics: A Cross-Country Investigation Using a Continuous Wavelet Approach

The economic literature provides evidence that inflation rates can co-move across nations because of

Business cycle synchronization and African monetary union: A wavelet analysis

Cryptocurrency and African fiat currencies: A peaceful coexistence?

Abstract This study examines the asymmetric behaviour of Bitcoin relative to six major African fiat

Wavelet Analysis of Variability, Teleconnectivity, and Predictability of the September–November East African Rainfall

Abstract By applying wavelet analysis and wavelet principal component analysis (WPC

Studies on African Equity Markets and Global Shocks: Co-movement, Contagion, and Diversification

Some Purported Problems for the Movement Theory of Control

Ndayiragije (2012) and Wood (2012) present arguments against the movement theory of control (MTC) ba