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Table 1 Name and Description of Variables

From: Is gold a safe haven for the dynamic risk of foreign exchange?

Sample countries/Region (code)

Australian dollar (AUD)

Canadian dollar (CAD)

Chinese yuan (CNY)

Euro (EUR.)

Indian rupee (INR)

Japanese yen (JPY)

Korean won (KRW)

Russian ruble (RUB)

Saudi Arabian riyal (SAR)

South African rand (ZAR)

Swiss franc (CHF)

Thai baht (THB.)

UAE dirham (AED)

U.K. pound (GBP)

U.S. dollar (USD)

Gold price index indexed to 01/01/1999 (National Currency Unit per troy ounce)

LG_AUD

LG_CAD

LG_CNY

LG_EUR

LG_INR

LG_JPY

LG_KRW

LG_RUB

LG_SAR

LG_ZAR

LG_CHF

LG_THB

LG_AED

LG_GBP

LG_USD

Currency units per SDR

LE_AUD

LE_CAD

LE_CNY

LE_EUR

LE_INR

LE_JPY

LE_KRW

LE_RUB

LE_SAR

LE_ZAR

LE_CHF

LE_THB

LE_AED

LE_GBP

LE_USD

  1. Data source is AREMOS. Variables are in logarithmic form for empirical analysis