Abstract
This study aims to measure the impact of Coronavirus Spread on currency exchange rate. The first hypothesis states that daily Coronavirus cases don't effect on currency exchange rate. The second hypothesis states that cumulative Coronavirus cases don't effect on currency exchange rate. The study results show that there are positive and strong relationship between the daily Coronavirus cases and the currency exchange rate. This means that the higher daily Coronavirus cases, the higher currency exchange rate. Explanatory power of the model or the value of coefficient of determination (R2) =0.694 means that the independent variables included in the model (Daily Coronavirus cases) are explained almost (69%) from the variance in the dependent variable (currency exchange rate). So we can accept the alternative hypothesis of the first hypothesis daily Coronavirus cases effect on currency exchange rate. The study results also show there are positive and strong relationship between the cumulative Coronavirus cases and the currency exchange rate. There significant. This means that the higher cumulative Coronavirus cases, the higher currency exchange rate. Explanatory power of the model or the value of coefficient of determination (R2) = 0.784 means that the independent variables included in the model (cumulative Coronavirus cases) are explained almost (69%) from the variance in the dependent variable (currency exchange rate). So we can accept the alternative hypothesis of the first hypothesis cumulative Coronavirus cases effect on currency exchange rate. Results indicate that currency Exchange rate seems to be sensitive to Coronavirus cumulative indicators more than daily ones.
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