The Comparison of the Crypto- and Fiat Currencies' Exchange Rate Volatility in The Years 2015-2017

• Autorzy: Robert Sterniński
• Języki publikacji: EN

Abstrakty

EN

The article describes the issues related to exchange rate volatility of crypto- and fiat currencies. The first part presents the issue of exchange rate volatility as well as methods of its evaluation and criteria of the conducted research. In the next part the author presented the essence of currencies and the main currency i.e. fiat money in the global economy in terms of the volume of transactions on the FOREX market. Then the main idea of crypto currency was presented - together with its advantages as well as disadvantages and main currencies in the economic cycle in terms of their market capitalization. Next, the results of research on exchange rate volatility in the time horizons were presented: 1-day, 1-week, 1-month and 1-year. The exchange rate fluctuations of EUR, JPY, GBP and BTC, ETH, XRP cryptocurrencies against the US dollar were analyzed. The article was concluded with a summary, which shows that cryptocurrencies are characterized by significantly greater exchange rate volatility against the so-called traditional currencies.(original abstract)

Słowa kluczowe

PL

Kurs walutowy; Kryptowaluty; Pieniądz fiat

EN

Exchange rates; Cryptocurrencies; Fiat money

• Czasopismo: Przedsiębiorczość i Zarządzanie
• Rocznik: 2018
• Numer: t. 19, z. 1, cz. 1 Financial, Accounting and Economic Aspects of Contemporary Management
• Strony: 229-243

Twórcy

autor

Robert Sterniński

• Gdansk University of Technology, Poland

Bibliografia

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