Abstract
Numerical Pattern Analysis of USD and EURO Exchange Rates
In this study, the numerical patterns of USD/TL and EURO/TL exchange rates were analyzed for the period of 1.1.2002-31.12.2014. Newcomb-Benford’s Law second digit reference distribution was used to track the exchange rates. As a result of the study, statistically significant results were found that; numerical pattern of USD exchange rates for the years; 2003, 2004, 2008, 2010 and 2014, and numerical pattern of EURO exchange rates for the years; 2005, 2006, 2007, 2009 and 2012 were satisfied Newcomb-Benford's Law second digit reference distribution.
Keywords
Newcomb-Benford Law, Exchange Rates, Chi-Square Test, Kuiper Test, Euclidian Distance, Cramer's V
