Effects of Conditional Oil Volatility on Exchange Rate and Stock Markets Returns

Saudi Arabia experienced extreme volatility in oil price booms during a short period due to COVID-19, which traded for 16 days. The boom has received significant attention as it is essential nation’s economic sector. objective of this study was examine how changes under specific conditions affect the stock market return indices and exchange rate Arabia. capital used case study, while average daily were employed primary variable. This covers from March 21, 2014, November 19, 2020. wavelet methodology data analysis. study's findings revealed that not safe haven bond Similarly, oil-primarily functions last fluctuation no impact effect on various deals Arabian market. It also suggests participants focus trading tool determining returns underdeveloped countries.