VAR Lag Order Selection Criteria

Endogenous variables: D(WTI) USD_ZAR USD_SAR D(USD_RUB) D(USD_JPY) D(USD_CHF) D(EUR_USD)

Exogenous variables: C

Date: 12/21/14 Time: 16:05

Sample: 2/23/2011 9/19/2014

Included observations: 891

Lag

LogL

LR

FPE

AIC

SC

HQ

0

7083.971

NA

2.98e−16

−15.88546

−15.84781

−15.87107

1

10712.02

7190.948

9.65e−20

−23.91924

−23.61804^*

−23.80412

2

10808.77

190.2444

8.67e−20^*

−24.02642^*

−23.46167

−23.81058^*

3

10838.12

57.24082

9.06e−20

−23.98230

−23.15400

−23.66573

4

10871.71

65.00023

9.38e−20

−23.94772

−22.85586

−23.53042

5

10899.45

53.23509

9.84e−20

−23.90000

−22.54459

−23.38197

6

10938.02

73.41339

1.01e−19

−23.87658

−22.25762

−23.25783

7

10975.14

70.07602^*

1.04e−19

−23.84992

−21.96740

−23.13044

8

11002.08

50.44250

1.09e−19

−23.80041

−21.65434

−22.98020