The Impact of COVID‐19 Epidemic on Exchange Rate Changes in Arab Republic of Egypt (An applied study)

     Purpose– This study aims to measure the impact of Coronavirus Spread on official currency exchange rate. The first hypothesis states that daily Coronavirus cases don't effect on official currency exchange rate. The second hypothesis states that cumulative Coronavirus cases don't effect on official currency exchange rate.
      Design/methodology/approach– The researchers will be relying on a combination of inductive and deductive approaches to carry out two types of study are as follows:  An Analytical study: - through the analysis of books, periodicals, theses related to Coronavirus spread and its financial and economic effects. An applied  study: - The study period has been applied on covid 19 cases in Egypt (daily and cumulative cases for the period from January 1, 2021 till December 31, 2021)  relying on the Excel program  to prepare data and using (Eviews 10)  in order to make a statistical analysis for the applied study data at 95% confidence level.
 
      The results of the statistical study to test the first hypothesis show that: there are positive and weak relationship between the daily Coronavirus cases and the official currency exchange rate. F-Test results indicates that the effect of the independent variable (daily Coronavirus cases) on the dependent variable (official currency exchange rate) is non-significant, because the level of significance=0.508 is greater than (.05 level of significance).According to the previously mentioned results the researcher accept the null hypothesis of the first hypothesis " there is no statistically significant relationship between daily Coronavirus cases and official currency exchange rate”.
 
 
    The results of the statistical study to test the second hypothesis show that: there are positive and strong relationship between the cumulative Coronavirus cases and the official currency exchange rate. There significant. This means that the higher cumulative Coronavirus cases, the higher currency exchange rate. F-Test results indicates that the effect of the independent variable (the cumulative Coronavirus cases) on the dependent variable (official currency exchange rate) is significant, because the level of significance = 0.000000 is less than (. 05 level of significance).So we can accept the alternative hypothesis of the second hypothesis cumulative Coronavirus cases effect on official currency exchange rate.
      Results indicate that currency exchange rate seems to be sensitive and more changeable to Coronavirus cumulative indicators than daily corona virus indicators.