jbm@fe.unpad.ac.id
Sulaeman Rahman Nidar:

I believe that you would serve as an excellent reviewer of the manuscript, "The Covid-19 Information Impact on Movement and Volatility of ASEAN-5 Currency," which has been submitted to Jurnal Bisnis dan Manajemen. The submission's abstract is inserted below, and I hope that you will consider undertaking this important task for us.

Please log into the journal web site by 2021-08-31 to indicate whether you will undertake the review or not, as well as to access the submission and to record your review and recommendation.

The review itself is due 2021-09-07.

Submission URL: http://journal.feb.unpad.ac.id/index.php/jbm/reviewer/submission/113?key=ACCESS_KEY

Thank you for considering this request.

Layyinaturrobaniyah Layyinaturrobaniyah
SCOPUS ID: 57192388917, Universitas Padjadjaran
layyinaturrobaniyah@unpad.ac.id



"The Covid-19 Information Impact on Movement and Volatility of ASEAN-5 Currency"

Abstract

The rapid and massive spread of COVID-19 has a major impact on a country's economy, including ASEAN countries. This research aims to examine the impact of the COVID-19 outbreak information on exchange rate movements and currency exchange rate volatility of ASEAN-5 countries. This study employs data on the number of infection cases to measure COVID-19 information. The research period begins with the first case that occurred in each ASEAN-5 country until December 31st, 2020, using the GARCH research method. The results indicate that the COVID-19 outbreak information had a significant effect on exchange rate volatility but had no effect on the movement of the ASEAN-5 exchange rate in one day. Meanwhile, in five days, the COVID-19 information did not significantly affect the movement and volatility of the exchange rates of ASEAN-5 countries. The influence of COVID-19 outbreak information on the ASEAN-5 exchange rate which is stronger in one day than five days supports the theory of exchange rate dynamics. This finding implies that COVID-19 information affects the exchange rate volatility of ASEAN-5 countries in the short term. For this reason, investors can be wiser in managing their investment portfolios and regulators can implement policies to reduce volatility in the foreign exchange market.
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Jurnal Bisnis dan Manajemen
http://journal.feb.unpad.ac.id/index.php/jbm