Can Oil Prices Forecast Exchange Rates?

This paper investigates whether oil prices have a reliable and stable out-of-sample relationship with the Canadian/U.S dollar nominal exchange rate. Despite state-of-the-art methodologies, we find little systematic relation between oil prices and the exchange rate at the monthly and quarterly

本文旨在探究原油价格与加元/美元名义汇率之间是否存在可靠且稳定的样本外（out-of-sample）关联。尽管采用了前沿方法论，我们仍未发现月度与季度维度下原油价格与汇率之间存在系统性关联。