INVESTIGATION OF MONTHLY ANOMALY ON TRANSPORTATION INDEX AND DOLLAR RATE

Abstract

The aim of this study is to determine the anomalies related to the months in terms of transportation index and dollar rate. Again, it is aimed to investigate the relationship between transportation index and dollar based anomalies. The monthly returns on the transportation index and the dollar exchange rate are used as data. In this study, anomalies related to months with the data of 2009-2018 period are investigated by Power Ratio method. According to the results of the analysis, transportation index and dollar exchange rate investment instruments have a common anomaly in July. According to the findings, anomaly occurred in 4 months of the year for transportation index and 8 months of the year for dollar rate.